British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.
BP, which declined to give an inves
British-based oil and gas company BP is keen to invest in the development of certain Iranian oil fields, Iran Daily has quoted the country’s deputy oil minister as saying.
Negotiations are underway with BP for coope
BP Egypt has announced an important gas discovery in the Baltim South Development Lease in the East Nile Delta.
The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth of
The world's oil reserves were unchanged in 2015 despite a sharp drop in investment and exploration after the collapse in crude prices, BP said in its benchmark industry report.
Proven oil and gas reserves t
Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters.
The other bidders are the field's current ope
Oil major BP sold part of the stake its unit Castrol holds in Castrol India, but said it would remain a majority shareholder in the company.
The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range
BP's shareholders have voted against chief executive Bob Dudley's $20 million pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.
Some 59 per cent
BP and Norway's Statoil will withdraw staff from two gas plants in Algeria after an attack by militants on one of the sites in the North African country, the companies said on Monday.
Militants attacked the In Salah gas plant,
BP Oman has started appraisal work of the Amin reservoir in the northern area of its Block 61 license in central Oman, which could equate energy producing volumes to around half of the Sultanate's current combined gas output by 2020, accor