Oil firm BP has inked a deal to make an investment $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, as stated jointly by the company and the government on Saturday.
read more... 16/03/2015
British oil firm BP hopes to invest approximately $12 billion with its associates as part of a concluded West Nile Delta concession agreement to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
read more... 09/03/2015
Crude oil prices dropped on Thursday dragged down by an erratic dollar and OPEC’s forecasts for a weakening demand to 28.78 million barrels per day in 2015, down 140,000 bpd from its previous expectation.
read more... 16/01/2015
The British oil conglomerate BP has warned it is to cut 200 jobs and 100 contractor roles in the North Sea following a review of its operations.
read more... 16/01/2015
UK’s oil major BP unveiled the start of oil production from Kinnoull field in the central North Sea, marking BP’s seventh and final major upstream project start-up in 2014.
read more... 05/01/2015