U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy
Besides its important geo-strategic location, Egypt is the new potential gas hotspot in the potentially huge Eastern Mediterranean gas hub
Source: oilprice.com
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Energy majors seizing East Mediterranean opportunities
Abu Dhabi's ADNOC and BP have formed a joint venture to operate in Egypt and remain in protracted talks to buy Israel's NewMed.
Source: globes.co.il
BP, Adnoc to form Gas JV in Egypt
The JV will have BP's stakes in three development concessions and three exploration licenses.
Source: rigzone.com
bp plans $1.5bn investment in Egypt's oil and gas sector
UK oil and gas major bp has plans to make a $1.5bn investment in Egypt aimed at development and exploration activities.
Source: offshore-technology.com
The New BP-ADNOC Venture Signals A Western Fight Back Over Global Gas Assets
A joint venture between BP and the UAE’s ADNOC looks like it might be step towards some sort of positive working arrangement between the U.S. and its allies on the one side and one of the most important Arab states on the other side
Source: oilprice.com