Friday 6 March 2015
 
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BP

Adnoc set to decide on revised bids from BP, Shell

Abu Dhabi National Oil Company (Adnoc) is expected to respond this week to revised bids from BP and Royal Dutch Shell for stakes in a 40-year onshore oilfield concession, industry sources familiar with the matter said on Monday. B

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Oil prices jump 11pc as BP cuts capital expenditure

Oil futures rose on Tuesday, adding to gains of more than 11 per cent in the prior two sessions as BP announced a cut in capital expenditure for 2015. BP announced it would cut capital expenditure by 13 per cent to $20 billion in

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BP backs Abu Dhabi event as ‘carbon offset partner’

Masdar, Abu Dhabi’s renewable energy company, has announced BP as the ‘Official Carbon Offset Partner’ for a yearly event that unites the international community in an effort to address the interconnected challenges of energy a

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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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