BP | Egypt Oil & Gas - Part 43

BP gets $4bn from Anadarko for oil spill costs

BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the di...

BP Makes New Field Deal

BP plc has made a partnership agreement with Reliance to find oil and gas in the KG-D6 fields. BP plc, the oil and gas company, said that it has made a $7.2 billion partnership deal with Reliance Industries to find ga...

BP restarting production at its Plutonio field offshore Angola

Production at BP’s Plutonio field offshore Angola is ramping back up after several months of maintenance work, a company spokesman told Dow Jones Newswires Friday. ‘Greater Plutonio has been coming back on...

BP Seeks TNK Buyout to Save Rosneft Deal

BP Plc is seeking to buy out its billionaire partners in Russia’s third-largest oil producer, as a planned share swap with state-controlled OAO Rosneft expires today, said people with knowledge of the plans. An agreem...

BP sues Cameron, maker of blowout preventer

On the first anniversary of the Gulf of Mexico oil spill, BP Plc on Wednesday sued Cameron International Corp for negligence, because a blowout preventer made by Cameron failed to avert the catastrophe. In a complaint...

Pharaonic intensify the Port Said drilling

Pharaonic Petroleum Company is preparing to drill an exploratory well in its concession area of Port Said during the middle of the current year of 2011, according to the company’s drilling plan. The drilling fin...

Libya: BP to drill offshore Libya by end-June

BP, recovering from last year’s Gulf of Mexico oil spill, plans to begin offshore exploration drilling in Libya by the end of June, later than previously expected. Spokesman Robert Wine said on Thursday that BP ...

BP announces gas find in Egypt

BP Egypt announced that it has made a significant gas discovery in the Deepwater West Nile Delta area. The Hodoa discovery is located in the West Mediterranean Deepwater, Nile Delta concession, some 80 km northwest of...

KBR Bags Second Contract for West Nile Delta Development

KBR has been selected by BP to undertake the second stage of concept selection and definition for the onshore terminal and export pipelines for BP’s West Nile Delta Development in Egypt. KBR’s scope of wor...

BP, CNPC to triple output from Super-Giant Rumaila field

BP, and China National Petroleum Corporation (CNPC), have signed a technical service contract with Iraq’s state-owned South Oil Company (SOC) to expand production from the Rumaila oil field, near Basra in southe...

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