BP | Egypt Oil & Gas - Part 31
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.
Oman Maintaining Gas Ambitions with BP and Iran
"Activity in Abu Dhabi is still as it was; Oman activity for us is increasing this year. We see the Middle East contracting market as a little bit different than in the rest of the world, where it is much more cut-th ... BP Agrees on Speedier Development of Atoll
BP announced in a press release that it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum, Tarek El Molla, regarding the acceleration of the development of the recent Atoll gas discovery.
BP Withdraws Appeal on Gulf of Mexico Oil Spill Payments
BP has withdrawn its legal appeal against a range of payments made to compensate individuals and businesses affected by the 2010 Gulf of Mexico oil spill.
EGPC Secures Revolving Letter of Credit to BP
Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months. BP Beats Profit Estimates for Q3, Boost by Refining.
British oil major BP beat profit estimates for its third quarter earnings report, North Alexandria Concession to Begin Production Early 2017
Egypt Oil & gas learned that British Petroleum (BP) will begin production at its North Alexandria concession early 2017, rather than mid-2017, as originally planned.
