BP | Egypt Oil & Gas - Part 37

$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 ...

US Oil Strike Spreads to BP Plant in Midwest

The first nationwide strike at U.S. oil refineries since 1980 is spreading to two BP plants in the Midwest.

Oil and Gas Deals Worth $9.2 Billion Underway in Egypt

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 Prices Rise as Signs Companies Cut Production

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.

Oil Spill Trial Looms for BP

Lawyers for the government and oil giant BP are preparing for trial in New Orleans that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill.

Oil and gas deals amended by Egypt’s cabinet

The Cabinet agreed to amend two existing oil and gas agreements with the UK's BP and German RWE Dea AG, MENA reports.

New gas discovery in North Damietta

BP Egypt announced on Saturday a significant gas discovery in Salamat well which is the first well in the North Damietta Offshore Concession granted in February 2010 and operated by BP.

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