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BP cuts global gas reserves estimateOil major BP steeply cut its estimates of global gas reserves on Wednesday, revising Russian reserves down sharply and putting Iran at the top of the world league table for the first time in decades. In its benchmark annual statis More… |
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Taqa buys BP energy assets for $1.05bnAbu Dhabi National Energy Company (Taqa) said it has completed the acquisition of UK North Sea oil and gas assets from BP which will help add 20,000 barrels of oil equivalent per day (boed) to its present output. The assets were a More… |
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BP to invest $2.85bn in Iraq's largest oilfieldOil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On We More… |
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Texas joins flood of states suing BPTexas has joined the crowd of Gulf of Mexico states to file suit against BP, Halliburton and others for their role in one of the worst oil spills in the US history. The complaint in US District Court in Beaumont, Texas, alleges th More… |
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BP to build new port terminal in IraqBritish oil major BP has signed a deal with Iraq to build a new terminal at the southern port of Khor al-Zubair, a move showing the Opec-member is seeking the help of international oil firms to upgrade its outdated infrastructure. A s More… |
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Norway firm wins BP's $86m LWI contractNorway-based Island Offshore, a leading name in global Light Well Intervention (LWI) activities, has been awarded a major contract extension worth NOK 0.5 billion ($86.5 million) with BP Exploration Operating Company. The two-year More… |
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BP may delay $10bn Gulf of Mexico projectBP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the $10 billion scheme. British oil major BP said on Friday that rising costs made the current More… |
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Oman nears BP gas project agreementOman hopes to reach agreement in the next few weeks on the price BP could sell gas from the Khazzan tight gas project for, Oman's oil minister told reporters on Sunday. "Both the government and BP have disagreements, incl More… |
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BP's profit tumbles 54pc on oil spill impactBritish energy giant BP said its net profits slumped by more than half in 2012 to hit $11.58 billion compared to $25.7 billion the year before as the company felt the impact of asset sales, writedowns and charges related to the Gulf of Mexico di More… |
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Prioritising private sector growth in OmanWhen Oman unveiled a plan last year to build a large petrochemical complex alongside a $6 billion refinery in the southern coastal town of Duqm, officials hailed the project as a step towards diversifying income and creating jobs. More… |
