BP | Egypt Oil & Gas - Part 37
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 ...
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. 
