Latest in Tag: BP Highlight
Latest in Tag: BP
BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
BP to establish natural gas processing plant with 77bn cubic feet/day capacity
BP to complete the LNG production facilities by end of 2020, says EGAS official
 British companies visit Egypt bringing their experience in new energy discoveries
Egypt key market for leading British companies working in oil and gas sector, says EIC Director
British businesses must be partners of choice for Egypt’s energy future: Donaldson
British Gas and British Petroleum have together invested almost $40bn in developing Egypt’s energy sector
BP broadens stake in Egypt’s West Nile Delta project
Company acquired 22.75% in the North Alexandria concession as well as 2.75% in West Mediterranean Concession
BP accelerates development of first phase of Atoll field in Egypt
The first phase will consist of two development wells tied back to existing infrastructure, with production expected to start up in 2018, says Dudley
Al-Sisi meets British companies, experts during visit to UK
BP intends to pump investments of $3bn in gas field discovery over the next three years
EGPC opens revolving letter of credit pertaining to North Alexandria gas
Fines to be imposed on BP and WRE DEA if linking wells to production is delayed
Oil spill payments sink BP into the red
British energy giant BP recorded multi-billion dollar losses in the second quarter due to payments linked to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Low oil prices also weighed on results. The loss was "mainly relating to the recently announced agreements in principle to settle claims arising from the 2010 Deepwater Horizon accident," said Bob Dudley,…
$2.25bn cost of importing gas for FY 2015-2016
BP starts supplying 18 liquefied gas shipments to Egypt next month
Egypt’s economy needs FDI push for its flat battery: British Ambassador
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
$23.5bn agreements signed in oil, gas, mining sector at Summit
Largest contribution in the sector made through BP
BP signs an agreement with Egypt to invest $12bn
BP plans to sign an agreement Saturday worth $12bn to invest in the West Nile Delta gas project. The agreement is considered one of the biggest investment agreements in the history of Egypt. The step comes as part of the British delegation’s participation, headed by Foreign Minister Philip Hammond in the Sharm El-Sheikh Economic Summit …
Protest, investment and BP: Egypt is open for business but not for accountability
With billions of dollars of investment due to flood Egypt, we look at how the government has introduced new legislation to silence citizens’ voices of dissent
BP signs project developing 5tn cubic feet of gas resources
West Nile Delta project underlines BP’s commitment to Egyptian market, company said
Offers received from BP, Vitol, Trafigura, and Golar LNG for gas import tender: EGAS
A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies. The official added that a decision on the financial proposals from applying companies will be made this week. The announcement of the final result …
BP will invest $12bn in Egypt over 5 years
BP is one of the largest investors in the Egyptian energy sector
Petroleum ministry refuses to adjust gas prices for North Alexandria BP Project
Expectation BP will not abide by its commitment to begin production by 2017
BP to invest $240m in Egypt through 2 new exploration blocks
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round
Dana Gas signs agreement with EGAS, EGPC to drill 37 new wells
Company recently won bids for 2 Nile Delta concessions
BP invests $10bn in Egypt
British oil company’s north Alexandria project will start production in 2017
Egypt says BP gas project restarted, pledges to pay gas firm debts
Reuters – Egypt’s oil minister said on Thursday that BP’s $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades. In another move that could help improve investor confidence, Sherif Ismail also said Egypt would pay $1.5 billion of the …
New gas discovery in North Damietta
BP discovers gas in Salamat well in the East Nile Delta
EGAS explores Delta, Mediterranean for oil and gas
So far holding company receives bids from BP, Sea Dragon, Edison, Dana Gas and Pura Vida
Two Norwegians found alive in Algeria hostage crisis
A spokesman for the “Signatories in Blood,” headed by Islamist commander Mokhtar Belmokhtar, said 34 hostages were killed when Algerian special forces raided the plant on Thursday, a day after it was seized.
Al-Qaeda attacks BP plant in Mali blowback
Algerian state media said that one person had been killed and seven wounded, two of them foreigners, in the attack on the field at In Amenas, in the Sahara desert 1,300 kilometres (810 miles) southeast of Algiers.
BP hit with $3.1bn Russian court bill
Moscow (AFP) — A Siberian court on Friday piled more legal pressure on BP by ordering the British group to pay $3.1 billion in damages for its attempted Arctic oil exploration tie-up with the state giant Rosneft. A BP attorney immediately denounced the decision as a “corporate attack” that demonstrated the court’s subservience to the …
British Petroleum draws first gas from Seth development Block
Energy veteran British Petroleum (BP) has announced production of first gas from the Seth development block, located 60 kilometres offshore Ras El Bar, east of the Nile Delta.