BP | Egypt Oil & Gas - Part 33

BP Expects to Start Libya Oil Exploration Drilling Next Year

BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi's regime last year.

Minister of Petroleum discussed business plans with the heads of foreign companies over the coming period

Eng. Osama Kamal, Minister of Petroleum and Mineral Resources held a meeting with several heads of foreign companies operating in Egypt, British Petroleum (BP) and the German RWE, Malaysia's Petronas and British Gas ...

BP drops SEEP to back Nabucco West

BP has chosen Nabucco West as its second export line option to bring gas from Shah Deniz 2 to Europe, axing its own South East Europe Pipeline (SEEP) proposals and narrowing the field to two pipelines.

BP Egypt announces Seth first gas

On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.

BP sells stakes in North Sea fields for $280 million

British oil major BP said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui (8031.T) for $280 million, as part of a plan to focus its portfolio in the region on larger s ...

BP Lifts Force Majeure on Libyan Exploration

BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012.

Halliburton Files Protest Against BP Oil Spill Settlement

Halliburton Co. objects to BP PLC's proposed $7.8 billion settlement with individual plaintiffs for the oil giant's involvement in the Deepwater Horizon oil rig disaster, according to court documents filed Wednesday.

Iraq confirms BP/Baghdad Kirkuk oilfield talks

Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani confirmed on Wednesday that talks were taking place between BP and Baghdad over the northern Kirkuk oilfield.

Beach Energy announces first oil production from its North Shadwan concession

Oil production has commenced from the NS377 field in Beach's North Shadwan concession, with oil flowing via a tie-in to Petrobel's nearby Ras Ghara oil facility and then by pipeline to the main Petreco Oil Centre at ...

Baker Hughes Joins BP, Schlumberger on Talks to Upgrade Kirkuk

U.S. giant oil services firm Baker Hughes Inc. has joined U.K.-supergiant BP PLC and Schlumberger Ltd. on separate talks with Iraq to more than double output from the country's giant Kirkuk oil field in northern Iraq ...

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