BP | Egypt Oil & Gas - Part 24

BP to Pay Investors $175m Over Deepwater Horizon Oil Spill

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 ...

Algeria’s In Amenas Gas Plant to Re-operate in June

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 ...

BP Starts Water Injection Project In Gulf of Mexico

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 ...

Southern Gas Corridor ‘On Time’, BP Exec

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 ...

Egypt’s Gas Production Levels Rose to 300mcf/d

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 ...

Iraq Faces Oil Projects Delay As Firms Resist Spending Cuts

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

Investment for BP’s Atoll Gas Project in Egypt Estimated at $945m

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 in Talks with Shell over Oil Supply to South Africa

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 ...

BP to Establish Natural Gas Processing Plant with 77bcf/d Capacity

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.

Algeria Confirms Reinstated Security in Oil&Gas Fields

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 ...

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