BP | Egypt Oil & Gas - Part 26
Oman Extends BP’s Khazzan Gas Field Agreement
Global oil giant BP has signed a deal with the Omani government and the state-owned Oman Oil company to develop the second phase of the Khazzan gas field project in the license area of Block 61, extended under the am ...
Vitol CEO: Oil Prices to Bounce Around $40 – $60 a Barrel
Oil prices will stay low for the next ten years over Chinese economic slowdown and the US shale industry acting as a cap on any rally, Ian Taylor, CEO of Vitol Group BV, the world’s largest independent oil-trading ho ...
Petroleum Ministry: Payments Being Made on Time
The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.
BP Aims to Double Gas Production in Egypt in 4 Years
BP aims to double natural gas production in Egypt in the next four years, despite weak prices.
Libyan National Oil Corp. Meets with Majors
The chairman of Libya’s state-run National Oil Corporation met with major oil companies to discuss plans to expand the country’s declining petroleum production.
BP to Cut 4,000 Jobs in Upstream Operations Globally by 2017
BP, the UK oil company has announced it will cut 4,000 jobs in its upstream exploration and drilling operations globally, out of which 600 will be affected within its hard-hit North Sea business, by end 2017, as a re ...
BP Faces Class Action Lawsuit in Mexico over Horizon Oil Spill
Sinaloa Class Actions (ACSinaloa), a Mexican non-governmental organization of lawyers specializing in environmental disasters, has filed a class action lawsuit against BP in Mexico over the 2010 Deepwater Horizon oil ... BP Increases Stake in Nile Delta Gas Project
BP has increased its stake in Egypt’s West Nile Delta gas project to 82.75 %, gaining equity in the North Alexandria and West Mediterranean Deep Water Concessions.
Oil Companies Call for PSAs, Contract Incentives in Iraq
International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc.
