BP | Egypt Oil & Gas - Part 30

Orascom Secures $20m Contract for West Nile Delta Gas Project

National Steel Fabrication, a subsidiary of Orascom Construction (OC), has signed a $20m contract to manufacture and supply structural steel for the West Nile Delta gas development project.

EU Approves Trans-Adriatic Pipeline Deal

The European Union has approved a deal between Greece and the Trans-Adriatic Pipeline (TAP), which will bring gas from Azerbaijan to Europe.

Subsea 7 Awarded Offshore Gas Infrastructure Contract in Egypt

Danish engineering company, Subsea 7, was awarded a major contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt - Giza, Fayoum, and Raven subsea fields offshore Alexandria.

BP, Statoil, Algerian Sonatrach, Launch In Salah Gas Production

BP and its joint venture partners Algerian Sonatrach and Norwegian Statoil have commenced production of gas from the In Salah Southern Fields (ISSF) project in Algeria.

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 ...

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