BP | Egypt Oil & Gas - Part 31

Oil Prices Prompt North Sea Operators to Sell Off Assets

The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.

Update: 100% of West Nile Delta Gas to Go to National Grid, says BP

The West Nile Delta (WND) agreement, signed in March 2015, enables BP and its partner to develop five trillion cubic feet of gas resources and 55 million barrels of condensate in the North Alexandria and West Mediter ...

BP to Invest $12 Billion in Egypt

British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

US Courts Still in Deadlock Over BP Spill-Size Decision

The U.S. is fighting a judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP Plc must pay for its 2010 Gulf of Mexico disaster, the biggest offshore oil discharge in U.S. history.

Go-ahead for West Nile Delta project

DEA Deutsche Erdoel AG is pleased to contribute significantly to Egypt’s security of energy supply. The final agreements to develop 5 trillion cubic feet of gas resources had been signed. The West Nile Delta developm ...

BP Announces Second Major Natural Gas Discovery in Egypt’s East Mediterranean

PRESS RELEASE, BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6t ...

$12 Billion for BP Egypt Gas Development Project

British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop five trillion cu ft of gas resources and 55 million barrels of condensates.

New Offshore Rig Training Facility to be Opened by BP and Maersk

BP and Maersk training announced they are working together to provide offshore rig crew training in Houston. BP awarded Maersk, which has doubled its training operations in the last three years, a five-year training ...

BP Loses Appeal for Reduction in Oil Spill Fines

A federal judge has rejected an attempt by BP to lower the fines it faces from its catastrophic Gulf of Mexico oil spill in 2010.

Texas Supreme Court Blocks BP’s $750 Million Insurance Claim

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 mill ...

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