BP today announced a transaction that will deliver a material exploration position in the deepwater offshore Brazil and significantly enhance its position in core strategic areas
In a broad-ranging deal, BP will pay Devon Energy $7.0 billion in cash for assets in Brazil, Azerbaijan and the US deepwater Gulf of Mexico. These include interests in ten [...]

Ras Laffan Liquefied Natural Gas Company Limited (3) (Ras Laffan 3) today announced the completion and start-up of Train 7 at Ras Laffan Industrial City, Qatar. The project is a joint venture of Qatar Petroleum (70 percent) and ExxonMobil Ras Laffan (3) Limited (30 percent) and represents another expansion of LNG production facilities operated by [...]

Qatar Petroleum and Exxon Mobil Corporation today announced the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009.
“This is another major achievement to ensure the optimal use of Qatar’s hydrocarbon resources to meet increasing local demand and [...]