BP | Egypt Oil & Gas

bp’s RC Profits Record $2.2bn in Q3 2025

bp, the leading energy giant, announced that its underlying replacement cost profit (RC profit) recorded $2.2 billion in the third quarter (Q3) of 2025, compared to $2.4 billion in Q2 2025 and $2.26 in Q3 2024.

Badawi Accelerates E&P Projects, Strengthens IOC Ties at ADIPEC 2025

Karim Badawi, Minister of Petroleum and Mineral Resources met with SLB, bp, Halliburton, and Baker Hughes CEOs at ADIPEC to advance key projects. Discussions focused on the East Med seismic survey, accelerating Ra ...

bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion

bp has reached an agreement with Sixth Street-managed funds for the sale of non-controlling interests in its Permian and Eagle Ford midstream assets. The transaction is valued at $1.5 billion and will be executed ...

Iraq Launches Kirkuk Fields Development Project to Boost Oil, Gas Output

Iraq’s Ministry of Oil highlighted that the Kirkuk Fields Development Project will raise oil and gas production and curb flaring through effective investment, with the Ministry noting that it will also help drive ...

bp Confirms Gas Condensate Discovery in Namibia, its 11th Find in 2025

bp confirmed a significant gas condensate discovery at the Volans-1X exploration well in Namibia’s Orange Basin, marking the company's eleventh exploration success this year. The well, drilled in Petroleum Explora ...

bp, Eni Extend Baltim East Lease Offshore Nile Delta

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian Eni and UK bp to extend the development lease for the Baltim East field in Baltim area offshore the Nile Delta region. Under t ...

bp Expects Higher Upstream Production in Q3 2025

bp, the giant integrated energy company, expects its results for the third quarter (Q3) of 2025 to show higher oil and gas production, compared to Q2. The company also expects its gas and low carbon revenues to be ...

bp Uses Valaris Deepwater Rig to Drill 5 New Gas Wells Offshore the Mediterranean

bp has signed a contract with Valaris, an American offshore drilling contractor, to drill five new natural gas wells in its Mediterranean concession areas at a depth of 300-1500 meters, utilizing the Valaris DS-12 ...

bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf

bp, one of the world's largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the comp ...

Baker Hughes Awarded Long-term Agreement to Supply Services to bp’s Tangguh LNG Plant

Baker Hughes, an energy technology company, won a long-term agreement for supplying services to bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia.

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