Egypt, BP discuss expansion plans to boost gas exploration, output
Egypt is exploring BP’s expansion plans in the country, including increased investment in gas exploration and…
Browsing Tag
Bp plc.
BP, Japan’s Jera to merge offshore wind operations by ’30
BP Plc and Japan’s Jera Co. announced plans to merge their offshore wind operations into a joint venture named JERA…
Venture Global LNG in dispute with customers over permit
Three major customers of Venture Global LNG have approached US energy regulators to consider the LNG developer’s…
BP, Evergreen suspend Red Sea shipping navigation
British energy BP and Taiwanese container shipping line Evergreen said on Monday they will suspend transits through…
BP invests $10 mln in biofuel firm
BP, the British multinational oil and gas firm, are investing $10 million in WasteFuel, a biofuels company that…
BP profit rises to $5bln in Q1 – report
UK oil and gas BP reported on Tuesday a $5 billion profit in the first quarter, representing the second-best…
BP, ADNOC plan to buy 50% of Israel’s NewMed Energy
British energy company BP and Abu Dhabi National Oil Co. (ADNOC) have made a non-binding offer to take Israel's…
BP wins two new exploration blocks in Egypt offshore Nile Delta
BP Plc announced on Monday that it has won two exploration blocks in the Mediterranean Sea offshore Egypt, close to…
BP faces Mexico class action lawsuit over 2010 oil spill
A few months after reaching the largest corporate settlement in U.S. history, BP Plc faces a class action lawsuit…
BP wins Right to appeal some Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims…
BP Posts Fall in Profit as Lower Oil Prices Bite
BP PLC on Tuesday reported a fall in first-quarter profit from a year earlier, giving the first glimpse of how low…
Egypt Gas Officials in London to Hold Talks with BP, BG
Eng. Taher Abdul Raheem, Chairman of the state-run Egyptian Natural Gas Holding Co. (EGAS), and Eng. Sherif…
BP Wins Reprieve over Gulf Spill Payouts: U.S. Appeals Court
BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf…
Algeria Violence Won’t Deter Citadel From Project: Heikal
Citadel Capital SAE (CCAP), Egypt’s biggest publicly traded private-equity firm, won’t back out of a project to…
Europe Stocks Rise With U.S. Jobs Data In Focus
European stock markets tracked gains on Wall Street and in Asia early Friday, with resource firms and banks leading…
Oil Heads for Second Monthly Gain Before Fed Chairman’s Speech
Oil headed for a second monthly increase, its biggest since February, as investors awaited a speech by Federal…
European Markets Lower; BP, UBS Hit By Results
European stock markets leaned south Tuesday as major banking- and energy-sector results hit stocks in those groups,…
Europe Shares Sharply Lower Amid Spain Downgrade
European stock markets were sharply lower on Wednesday, as Spanish shares tumbled and bond yields surged after the…
Europe Shares Rally Amid Greek Polls, Bankia 24% Down
Most European stock markets rallied on Monday, with resource firms in the lead, as investor risk appetite was…
Europe Shares Regain Traction, Go Higher
European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch…
European Shares Shot Higher Inspired By Wall Street Sharp Rebound
European stock markets shot higher in early trading on Tuesday in the wake of a sharp rebound for Wall Street, with…
Greek Jitters Drive Sharp Losses For European Shares
European stock markets dropped sharply early Monday, with investors selling banks and resource stocks as the Greece…
Iraq March Crude Exports Rise to Highest in Post-Saddam Era
Iraq’s crude oil exports and revenue rose in March to their highest levels in the nine years since the U.S.-led…
BP estimates $7.8 billion to deal over the Mexican Gulf spill
BP Plc. has reached an estimated 7.8 billion dollar deal with businesses suing the company over the massive oil…