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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port of Khor al-Zubair, a move showing the Opec-member is seeking the help of international oil firms to upgrade its outdated infrastructure.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… |
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Kurds defend key oil policy, reject BP dealIraq's Kurdistan has defended its oil policy as constitutional, and rejected a deal between Baghdad and BP for an oilfield in the disputed city of Kirkuk as an "illegal" step in the autonomous region's feud with the central gov More… |
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Transocean to pay $1.4bn for role in BP oil spillTransocean agreed to pay $1.4 billion to settle U.S. government charges over BP's massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transoce More… |
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BP close to deal on Iraq output targetOil major BP is close to reaching a deal with Iraq to cut the final production target for the supergiant Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd), oil ministry and industry sources said. Offici More… |
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BP to outline upstream growth strategyOil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track. Like all top investor- More… |
