Monday 22 December 2014
 
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BP plans $12bn investment in Egypt over 5 years

British oil major BP plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, said the country manager of BP Egypt. "BP is committed to un

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BP plans $12bn investment in Egypt over 5 years

British oil major BP plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, said the country manager of BP Egypt. "BP is committed to un

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US judge upholds BP 'gross negligence' ruling

A judge weighing how much BP should be punished over the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." The decision by US Distri

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BP Egypt to invest $240m in new exploration blocks

BP Egypt has won two new exploration blocks as a result of the 2013 EGAS bid round, where the company and its partners have committed to invest a total of $240 million in the blocks over different phases. The Block 3 – North

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UAE looks to offer energy companies new deals

UAE is looking to offer energy companies such as BP, Royal Dutch Shell and Total ‘a good chance to compete’ for concessions in the nation’s biggest onshore deposits of crude oil, according to a report. Its Energy

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BP awards $730m drilling deals for Oman project

BP has awarded two drilling contracts worth $730 million for the development of its Oman's Khazzan tight gas project, it said. It said it has awarded work worth more than $400 million to KCA Deutag for the construction and ope

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BP starts drilling Atoll-1 offshore well in Egypt

BP Egypt has started drilling the Atoll-1 well offshore, which is the second exploration well in the North Demietta Offshore concession discovered by the firm last year. The deepwater exploration well will be drilled using the six

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Dana Gas wins two Nile Delta concessions

Dana Gas Egypt, a subsidiary of UAE-based Dana Gas, a top private sector natural gas company, has been awarded two onshore concessions in the Nile Delta as part of the 2014 EGAS bidding round held recently in Egypt. The concession

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BP, CNPC raise shares in Iraq's Rumaila oilfield

A revised contract signed last week by British oil major BP and China's CNPC for Iraq's Rumaila oilfield has raised both companies' stakes in a joint venture formed to develop the field, a senior Iraqi oil official said.

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Iraq cuts output targets in revised oil deals with BP, CNPC

Iraq signed revised contracts with foreign oil companies for two southern oilfields that reduced their production targets and extended the life of the deals, Iraqi oil officials said.   The revised deal with oil

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