Saturday 10 December 2016
 
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BP

BP buys 10pc stake in Egypt’s super-giant gas field

BP has reached an agreement with Italian oil company Eni to buy 10 per cent of its Shorouk concession offshore Egypt, which includes the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP&r

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Shell, BP results improve from cost cuts amid low oil

Royal Dutch Shell and BP posted better-than-expected third-quarter profits, making progress with efforts to stabilise profits even during a quarter when oil prices averaged less than $46 a barrel, a report said. Shell returned to

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BP’s Khazzan gas project 80pc complete

BP Oman has announced that phase one of its Khazzan natural gas project is 80 per cent complete and on track to deliver first gas towards the end of 2017, reported the Times of Oman. The Khazzan drilling programme is also

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BP signs 3 concession amendments for Egypt field

BP has signed three concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt.   These amendments allows for the economic development of the Nooros development, where the company recently

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Eni, BP drill two wells in field southeast of Delta

Italy-based Eni and BP, the UK energy giant have finished drilling two wells in the South Baltim field, located southeast of the Delta in Egypt, a report said. The production of 350 million cu ft of gas daily from the project will

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Iraq, oil companies agree to restart investment

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.

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Iraq, oil companies agree to restart investment

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.

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BP eyes $3bn stake sale in China petchem JV

British oil major BP is seeking buyers for its 50 per cent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.

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BP eyes $3bn stake sale in China petchem JV

British oil major BP is seeking buyers for its 50 per cent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.

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Eni, BP eye 350m cu ft of gas from Egypt field

Italian oil company Eni and British BP will aim to produce 350m cu ft per day of gas from the discovery in South Baltim east of the Nile Delta in Egypt by the end of the current fiscal year, a report said. The production will be l

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