BP | Egypt Oil & Gas - Part 22
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Eni Plans to Sell 20% of Zohr Field
Italy's Eni plans to sell at least a 20% stake in Zohr field in Egypt to different oil companies including Russian Lukoil, US ExxonMobil, French Total, and UK's British Petroleum in order to raise around $5.5b from a ...
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with BP, Shell, and Lukoil to restart stalled investment in oil fields that the firms are developing, allowing projects that were halted this year to resume and crude production to incre ...
Egypt Approves Five New Oil, Gas Exploration Deals
Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies.
BP Eyes Gas Production Rise in Atoll Field
BP eyes boosting Atoll field production from the current 200mcf/d to 300mcf/d of gas by December 2018.
Edison, Total, BP Mull Buying 40% Stake in Zohr
Italian Edison, French Total, and British Petroleum (BP), have requested information about Zohr field as they ponder negotiations with Eni over a purchase of 40% of the company's stake in the Mediterranean Sea conces ...
Eni, BP to Extract 350mcf/d of Gas from South Baltim Field
Eni and BP are planning to extract 350mcf/d of natural gas from the Baltim South West exploration prospect in the East Nile Delta by the end of the current fiscal year.
BP Declares 44% Drop in its Profit in Q2 2016
BP reported that its profit for the second quarter of 2016 has dropped by 44% to $720m, compared with $1.3b for the second quarter of 2015.
