Tag: BP
India: LNG project at Krishnapatnam
Indian Oil Corporation (IOC), along with British Petroleum and Petronas, has chalked out a Rs 900 crore investment plan for a 2.5 million tonne per annum LNG project at Krishnapatnam in southern Andhra Pradesh.
Technip sets world record
Technip has set new world deepwater records with the Deep Blue on the Na Kika project in the Gulf of Mexico.
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.