BP Oilfield Evacuation: Output from Iraq's southern oilfields for the time being remains unchanged with exports averaging 3.32 million barrels per day, two oil officials told Reuters.

BP has indefinitely paused its carbon sequestration project, which would have required a pipeline to run through hundreds of miles in six Indiana counties to store carbon emissions underground.

BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new ...

BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.

BP gets final approval from Iraq's government for Kirkuk project Mar. 26, 2025 10:22 AM ET BP p.l.c. (BP) Stock By: Carl Surran, SA News Editor Play (1min) Leon Neal/Getty Images News ...

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, the company said on Wednesday.

Iraq approved BP’s $25B contract to develop key Kirkuk oil fields. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions.

The deal, which could be worth $25 billion (€23.8bn) over the lifetime of the project, comes as BP is set to row back on previous targets to cut oil and gas production by 2030.

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and ...

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern roots and should help to bolster ...