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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,…
BP starts supplying 18 liquefied gas shipments to Egypt next month
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
Largest contribution in the sector made through BP
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 …
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
West Nile Delta project underlines BP’s commitment to Egyptian market, company said
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 is one of the largest investors in the Egyptian energy sector
Expectation BP will not abide by its commitment to begin production by 2017
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round
Company recently won bids for 2 Nile Delta concessions
British oil company’s north Alexandria project will start production in 2017
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 …
BP discovers gas in Salamat well in the East Nile Delta
So far holding company receives bids from BP, Sea Dragon, Edison, Dana Gas and Pura Vida
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.
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.
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 …
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.