BP | Egypt Oil & Gas

BP Weighs UK North Sea Asset Divestment in $2.69 Billion Deal

British Petroleum (bp) is in talks with Ithaca Energy, a North Sea oil and gas operator and producer, regarding the sale of its UK North Sea assets in a deal worth nearly $2.69 billion, according to Reuters.While ...

Egypt, bp, Harbour Sign Deal to Boost Mediterranean Output

The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both  British Petroleum (bp) and Harbour Energy to establish the ex ...

bp Reports 131.88% Surge in Net Profit in Q1 2026

British Petroleum (bp) reported a first-quarter (Q1) profit of $3.2 billion on April 28, more than doubling its year-on-year (YoY) performance and beating analyst expectations by 20%, Reuters reported. The British ...

bp Sees Stable Upstream Output, Strong Trading Boost in Q1 2026

bp reported that upstream production in the first quarter (Q1) of 2026 is expected to remain broadly stable compared with the fourth quarter (Q4) of 2025, at 2.344 million barrels of oil equivalent per day (mmboe/ ...

Badawi Inspects Valaris DS-12 as bp,Arcius Launch New Mediterranean Drilling Campaign

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling vessel, which has recently entered Egypt's territorial waters to begin a five-well natural gas exploration program in ...

ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean

ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells.

Harbour Energy Briefs Badawi on Developments in Dissouq field

Ezz, the first well in Harbour Energy’s recent gas discovery at the Dissouq field, has been brought into production, lifting the field’s gas and condensate output to about 14,000 barrels of oil equivalent per day ...

bp Reports $3.4 Bn Loss in Q4 2025 and Suspends Share Buybacks

The British energy company, bp, reported a loss for the fourth quarter (Q4) 2025 worth $3.4 billion, a significant decline from the $1.2 billion profit recorded in the third quarter. Following these results, the b ...

Badawi Unveils 5-Year Production and Investment Plan in Meeting with IOCs

Karim Badawi, Minister of Petroleum and Mineral Resources, held an expanded meeting with leaders of international oil and gas companies (IOCs) operating in Egypt to discuss a five-year roadmap to intensify explora ...

bp Expects Flat Q4 Upstream Production Amid Revenue Pressure

bp, the British energy major, revealed that its upstream production in the Q4  2025 is expected to be broadly in line with the previous quarter, according to company guidance, with stable output in oil production ...

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