Oil & gas company bp launches gas production in Raven field, Egypt

EGYPT – bp, a British multinational oil and gas company, has announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt. The approximately US$9 billion WND development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea. bp and its partners, working with the Ministry of Petroleum, have developed the WND in three stages. Raven follows the Taurus/Libra and Giza/Fayoum projects, which started production in 2017 and 2019…

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BP starts gas production, expected to produce up to 50 million cubic feet of gas per day

EGYPT – British Petroleum, an oil and gas major, has reported that it has started gas production from the Qattameya gas field in the North Damietta concession offshore Egypt. BP stated that it developed Qattameya via its Pharaonic Petroleum Co.(PhPC) joint venture. The firm noted the field – expected to produce up to 50 million cubic feet of gas per day – reached the production start-up via a one-well subsea development and tie-back to existing infrastructure. “We are proud to have brought this project safely onstream through an extremely challenging…

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Italian oil major Eni makes new gas discovery in Egypt’s Great Nooros Area

EGYPT – Italian oil and gas major Eni in collaboration with British multinational oil and gas company BP has announced a new gas discovery in the “Great Nooros Area”. The Greet Nooros Area, where the discovery was made, is located in the Abu Madi West Development Lease in the conventional waters of the Nile Delta, offshore Egypt.  According to a joint statement by Eni and BP, this new discovery, was achieved through the Nidoco NW-1 exploratory well, and is located in 16 meters of water depth, 5 km from the…

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Italian energy giant Eni discovers new gas deposits in Egypt’s Nile Delta region

Italian energy giant, Eni discovers new gas deposits in Egypt’s Nile Delta region

EGYPT – Italian oil and gas company Eni has discovered new gas deposits in Egypt’s resource rich Nile Delta Region. The company in a statement explained that the discovery was in its first exploration in a well that it is developing in cooperation with BP and Total. The well according to Eni, is located in the North El Hammad, 12 kilometers away from the Nooros field and around 1 kilometers away from Baltim South West field. Eni further noted that the newly discovered prospect christened “Bashrush”, will be soon tested…

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BP commits to fighting climate change, unveils new ambitious goal to be carbon neutral by 2050

ENGLAND – British oil multinational, BP has unveiled a new ambitious goal to be a net zero company by 2050 or sooner. BP in a statement explained that its net zero ambition seeks to get rid of the greenhouse gas emissions from its operations worldwide, currently around 55 million tonnes of CO2 equivalent (MteCO2e) a year. It also revealed that new goal also sought to reduce the carbon in the oil and gas that it produces, equivalent currently to around 360 MteCO2e emissions a year – both on an absolute…

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BP’s head of upstream business Bernard Looney to succeed Bob Dudley as CEO

Global – BP, a British oil major has announced that Bernard Looney, 49, currently chief executive, Upstream, will succeed Dudley as group chief executive and join the BP Board on 5 February 2020. The oil company also revealed that Looney will continue in his current role until this date. The appointment came after Bob Dudley, 64, decided to step down as group chief executive and from the BP Board. According to a statement from the oil multinational, Dudley who had had served BP for over 4 decades and over nine…

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