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.
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.
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.