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.
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 ...
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 ...
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.
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 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 ...
Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for the energy ministry t ...
Oil rose again Tuesday as oil giant BP announced plans to cut exploration spending, another sign that the recent plunge in prices will lead to cuts in global production.