Tuesday 24 January 2017
 
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BP

Global oil giants heading in different directions in Mena

International oil companies (IOCs) have long played a dominant role in the development of the region’s oil sector – and have always seen the Middle East’s vast reserves as the prized asset, said a industry expert in its report.

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Global oil giants 'cutting down Mena investments'

International oil companies (IOCs) have long played a dominant role in the development of the region’s oil sector – and have always seen the Middle East’s vast reserves as the prized asset, said a industry expert in its report.

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BP buys Woolworth petrol chain for $1.3bn

BP will acquire, rebrand and operate supermarket retailer Woolworths’ existing 527 fuel and convenience sites, as well as an additional 16 sites currently under construction, across Australia for $1.3 billion. The partnershi

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BP inks deal for 10pc stake in Adnoc onshore concession

Abu Dhabi National Oil Company (Adnoc) has signed an agreement with BP awarding the British oil and gas giant a 10 per cent interest in the onshore oil concession operated by Adco, the emirate’s company for onshore petroleum operations.

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BP inks deal for 10pc stake in Adnoc onshore concession

Abu Dhabi National Oil Company (Adnoc) has signed an agreement with BP awarding the British oil and gas giant a 10 per cent interest in the onshore oil concession operated by Adco, the emirate’s company for onshore petroleum operations.

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BP buys 10pc stake in Egypt’s super-giant gas field

BP has reached an agreement with Italian oil company Eni to buy 10 per cent of its Shorouk concession offshore Egypt, which includes the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP&r

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Shell, BP results improve from cost cuts amid low oil

Royal Dutch Shell and BP posted better-than-expected third-quarter profits, making progress with efforts to stabilise profits even during a quarter when oil prices averaged less than $46 a barrel, a report said. Shell returned to

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BP’s Khazzan gas project 80pc complete

BP Oman has announced that phase one of its Khazzan natural gas project is 80 per cent complete and on track to deliver first gas towards the end of 2017, reported the Times of Oman. The Khazzan drilling programme is also

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BP signs 3 concession amendments for Egypt field

BP has signed three concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt.   These amendments allows for the economic development of the Nooros development, where the company recently

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Eni, BP drill two wells in field southeast of Delta

Italy-based Eni and BP, the UK energy giant have finished drilling two wells in the South Baltim field, located southeast of the Delta in Egypt, a report said. The production of 350 million cu ft of gas daily from the project will

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