BP | Egypt Oil & Gas

bp Q2 Profit Surges 144%, Highlights Off-Shore Egypt Gas Discoveries

British Petroleum (bp) reported an underlying replacement cost (RC) profit of $5.73 billion for the second quarter (Q2) of 2026, up 144% year-on-year (YoY) , according to a press release by bp.

bp Starts Process to Sell North Sea Assets

British Petroleum (bp) is launching a process to market its North Sea business for a potential sale, as part of its ongoing portfolio review and its approach to capital allocation for creating a simpler, stronger, ...

bp Sells 15% Interest in Iraq’s Kirkuk Oil and Gas Business to TPAO

British Petroleum (bp) has sold 15% of its working interest in its subsidiary in Iraq, BP Energy Company of Kirkuk Limited (BP ECKL), that operates a series of oil and natural gas fields to Türkiye Petrolleri Anon ...

bp in Talks to Sell Lightsource to Kuwait-Backed Consortium

British Petroleum (bp) is having late-stage talks to sell its Lightsource solar energy unit to a consortium backed by Kuwait’s sovereign wealth fund, as bp is focusing on oil and gas to boost returns, Reuters repo ...

bp Uses Sidetrack Drilling to Accelerate Fayoum North 4 Output

As part of the Ministry of Petroleum and Mineral Resources' strategy to increase domestic natural gas production, maximize the use of existing infrastructure, and reduce reliance on imports, it is working with bp ...

International Energy Companies Sign Over $60 Bn in Agreements with Iraq

Several international energy companies, including Chevron, ConocoPhillips, and bP, signed non-binding agreements and memorandums of understanding (MoU) with Iraq worth more than $60 billion to advance oil and gas ...

CocoPhilips Acquires 42% Stake in bp Energy Kirkuk

ConocoPhillips announced it has agreed to acquire a 42% stake in bp Energy Company of Kirkuk Limited (bp ECKL), a subsidiary of British Petroleum (bp), supporting the redevelopment of four oil-producing fields in ...

bp Signs Deal to Transfer Most Venture Investments to Verdane

bp has agreed to sell the majority of bp Ventures’ minority investment portfolio to European investment firm Verdane, as part of its strategy to simplify its business and sharpen capital allocation. The transactio ...

bp Expects Lower Upstream Production in Q2 2026

British Petroleum (bp) expects a lower upstream production of between 2.17 million and 2.22 million barrels of oil equivalent per day (mmboe/d) in the second quarter (Q2) of 2026, down from 2.339 mmboe/d in the fi ...

bp Secures 10% Stake in UAE’s Bab Gas Project

British Petroleum (bp) has signed a concession agreement with  Abu Dhabi National Oil Company (ADNOC) and other partners to develop the Bab Gas Cap project in the United Arab Emirates.

The project comprises ...

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