BP | Egypt Oil & Gas - Part 27
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.
Algeria’s Tiguentourine Gas Plant to Come Back Online
Algeria's Tiguentourine gas plant, located 1,600km south east of the capital city Algiers, will be put back in service, according to Director General of the gas complex.
Eni, BP Discover 700bcf of Extractable Gas in South Baltim
After completing the drilling operations of their first well, Baltim SW-1, British Petroleum (BP) and Italy’s Eni have estimated the reserves in their concession area in South Baltim to equal almost 700bcf of extract ...
Egypt to Develop 5 New Oil, Gas Fields by 2019
A plan has been set by the Egyptian government to start developing five new oil and gas fields in Egypt, from the third quarter of 2017 until 2019. The five fields are named: Taurus, Libra, Giza, Fayoum, and Raven.
Rosneft-BP JV to Explore for Oil in Russia
Russia’s state-owned oil company, Roseneft, has signed a new oil exploration joint venture (JV) deal with BP in Russia. The JV, Taas-Yuryakh Neftegazodobycha LLC, will invest up to $300m in conducting oil exploration ...
BP, EGAS Sanction Atoll Field Development
BP has announced that along with its regional partner, the Egyptian Natural Gas Holding Co. (EGAS), it has sanctioned a fast-track scheme to develop the Atoll gas field Phase 1 project in Egypt.
Egypt Will Keep All Gas From New Baltim Discovery
Following the new significant gas discovery in the Baltim exploration region in Egypt made by Eni and BP, Egypt stated it would keep all the natural gas for itself.
BP, Eni Announce New Gas Discovery in Baltim Region
European oil and gas giants, BP and Eni, announced their latest natural gas reservoir discovery in the Baltim exploration region in Egypt, which is jointly owned by both companies. 
