EghtesadOnline: Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.
EghtesadOnline: A plan announced by global energy giant BP to sell a gas field it jointly owns with Iran is being viewed by experts as a litmus test for Washington’s policy toward Tehran.
EghtesadOnline: Iran is readying its first round of oil and gas exploration tenders since the easing of economic sanctions in Jan. 2016, hoping to attract the likes of BP and Gazprom, an Iranian energy official said on the sidelines of an energy industry conference in Istanbul, Turkey, on Monday.
EghtesadOnline: Energy giant BP is expected to announce whether or not it wants to play a role in developing Ahvaz Oilfield in Khuzestan Province after evaluating a contractual model proposed by the National Iranian South Oil Company, said Ahmad Mohammadi, head of a special workgroup at the NISOC responsible for developing southern oilfields.
EghtesadOnline: BP Company in its 2016 annual report pointed to receiving license to continue activities in Rhum gas field in the North Sea (joint gas field with Iran), announcing that it had a net profit of $31.6m in post-sanction era.
EghtesadOnline: BP and Iran's state-run oil company received a license from the US Treasury last year to operate their joint gas field in the North Sea following the lifting of international sanctions on Tehran, BP said on Thursday.
EghtesadOnline: The oil-trading boom that cushioned the profits of Royal Dutch Shell Plc and BP Plc through the price slump of 2015 and early 2016 is over.
EghtesadOnline: The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international affairs at NIOC said on Wednesday.
EghtesadOnline: Negotiations are underway between National South Oil Company and foreign oil executives including BP, Argentine oil company, Chinese Sinopec and CNPC of China for cooperation, NISOC Managing-director Bijan Alipour said on Monday.
EghtesadOnline: Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts.