BP has agreed to pay $175m to settle claims that it deceived shareholders by underplaying the severity of the 2010 Gulf of Mexico oil spill. Their claim was based on the allegation that BP publicly “lowballed” the am ...
More than tree years after a militants linked to al-Qaeda attacked Algeria's In Amenas gas plant, it started test production at its third train, and will soon be back running at full capacity, a source from the state ...
The British oil giant BP has begun a water injection project at its Thunder Horse platform in the US Gulf of Mexico. The development is part of BP's plan to add about 800,000boe/d from worldwide projects starting bet ...
The Southern Gas Corridor, a project of pipelines which will transport gas from the Shah Deniz field in Azerbaijan to European markets for the first time in history, is running on time and on budget, a BP senior exec ...
Ministry of Petroleum and Mineral Resources has released a report, which stated that placing four Nidoco exploratory wells on production line in the Abu Madi West license zone, in the Nile Delta, has increased countr ...
International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year
According to a report by Global Data, Egypt's Atoll gas discovery is of national significance for the county as it is expected to reduce the country's gas deficit with a required investment of $945m estimated for the ...
Iran will provide oil needed for some Shell refineries in South Africa once an agreement has been made, National Iranian Oil Company's (NIOC) International Affairs Director, Mohsen Qamsari, said, announcing that talk ...
British Petroleum (BP) has started preparing the land allocated to establishing a natural gas processing plant in Rosetta (Rashid) city, with a capacity ranging from 600 to 700mcf/d.
Algerian Energy Minister, Salah Khebri, reaffirmed that the nation's oil and gas fields are fully protected from potential terrorist attacks. "Authorities have taken the necessary measures around the sites," Khebri t ...