Monday 30 May 2016
 
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BP, Shell among bidders to run Qatar oil field

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current ope

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BP sells part of its stake in Castrol India

Oil major BP sold part of the stake its unit Castrol holds in Castrol India, but said it would remain a majority shareholder in the company. The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range

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BP investors reject CEO’s $20m pay deal

BP's shareholders have voted against chief executive Bob Dudley's $20 million pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.   Some 59 per cent

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BP, Statoil to withdraw staff from Algerian plants

BP and Norway's Statoil will withdraw staff from two gas plants in Algeria after an attack by militants on one of the sites in the North African country, the companies said on Monday. Militants attacked the In Salah gas plant,

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BP Oman begins appraisal of Amin reservoir

BP Oman has started appraisal work of the Amin reservoir in the northern area of its Block 61 license in central Oman, which could equate energy producing volumes to around half of the Sultanate's current combined gas output by 2020, accor

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Topaz wins 14 offshore support vessel contracts from BP

Dubai-based Topaz Energy and Marine, a leading offshore support vessel company, has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea).     Under the terms of the agreement, Topaz will supply 1

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Oman gas field investment raised to $16bn

Britain's BP and partner Oman Oil have signed an agreement to develop a second phase of the Khazzan natural gas field, taking the estimated investment in the project to $16 billion, the company said. The agreement with the gov

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European shares drop as oil prices fall, BP posts loss

European equities fell on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings. BP fell 9 per cent, its biggest daily decline since mid-June 2010, after reporting its worst annual loss in

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BP posts biggest annual loss, announces massive job cuts

  BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The

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BP's LNG shipment highlights Egypt's payment struggle

BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardising its energy supplies, traders said.  

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