Africa Oil & Gas: BP Oil-Buying Spree Jolts Sleepy West African Crude Market

Africa Oil & Gas: BP Oil-Buying Spree Jolts Sleepy West African Crude Market

(Bloomberg) — Two of the world’s biggest oil companies are stepping up buying and selling of West African crude at the same time as a new regional swaps market has emerged, as merchants seek new ways to eke out profits in a tough trading environment.

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Global Oil & Gas: “Big Oil’s Winners and Losers Emerge” – Bloomberg

Global Oil & Gas: “Big Oil’s Winners and Losers Emerge” – Bloomberg

Crude prices rose to three-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil’s second-quarter earnings.

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Africa Oil & Gas: TechnipFMC grabs FEED award on BP’s West African development

TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the FPSO unit for the Tortue/Ahmeyim field development, a major LNG (liquefied natural gas) project located offshore on the maritime border of Mauritania and Senegal.

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