Tag: BP
Egypt: LUKoil moving in
LUKoil will boost spending on Egyptian oil and gas projects to compete for market share in Africa with BP and Royal Dutch/Shell.
Caspian oil pipeline wins funding
The European Bank for Reconstruction and Development (EBRD) has approved a USD 250 million loan for the BTC Caspian oil pipeline, removing the final hurdle in the path of the controversial US-backed link.
Yukos appoints two Americans
A day after Mikhail Khodorkovsky resigned as CEO of Yukos, the Russian oil company has appointed two Americans to head its operations, a move analysts say makes the company a tougher target for future moves against it by the Russian government.
BP in gas joint venture with Algeria
BP has formed a joint venture with Algeria's Sonatrach to import 500 million cubic feet of liquefied natural gas a day into the UK.
Oil firms plan large African investments
The world's "big five" energy companies – Total, Chevron Texaco, Exxon Mobil, Shell and BP – are all set to continue to play a major role on the African continent.
Aker Kvaerner awarded contract for BP
Aker Kvaerner has won a new subsea managed service contract for the development of BP's West of Shetland projects.