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UK's oil giant BP has agreed to sell a package of its interests in the Bruce field in the North Sea to Serica Energy in a deal worth about £300 million.
Aker BP has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semi-submersible.
Petrofac has been awarded a US$800 million contract by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in Oman.
UK oil giant BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt.
BP project material growth in its core business from new projects and continued cost cuts that will move its cash-balance point down to US$35-40 a barrel by 2021, the oil major said on Tuesday.
British oil giant BP has seen profits jumped in the third quarter of 2017 thanks to a jump in production and strong downstream earnings.
Pipeline Magazine talked to Salem Ashoor, General Manager and Chief Representative for BP UAE about the importance of the UAE to BP’s Middle East operations.
BP said it has begun production from Oman’s Khazzan gas field, its sixth and largest of the seven projects it expects to bring online this year.
UK's BP has signed concession amendments for the Temsah, Ras El Barr and Nile Delta Offshore concessions in Egypt with the Egyptian Minister of Petroleum Eng. Tarek El Molla.
BP has signed to purchase a 10 percent interest in Egypt’s Shorouk offshore concession from Italy’s Eni for $375 million, gaining access to the massive Zohr gas field, the British firm said.