BP | Egypt Oil & Gas

bp Sells Stake in Norway’s Aker for Over $1Bn

British Petroleum (bp) has sold a $1.06 Bn stake in Norway’s Norwegian oil and gas producer Aker, according to a statement on November 5. The sale will reduce bp’s stake in Aker BP from 15.9% to 10.9%, leaving it with...

Egypt Holds Talks with Global Energy Firms on Oil, Gas Development

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi has held talks with executives from Eni, bp, Baker Hughes, Halliburton and United Energy Group (UEG) on accelerating oil and gas field development, boo...

bp Sells 65% of Castrol for $6Bn

British energy major bp has completed the sale of a 65% stake in its industrial lubricants company, Castrol, to investment firm Stonepeak for $6 Bn in after-tax proceeds, the company said on November 2. bp will use th...

bp Posts 49 % hike in Q3 2026 Profit

British Petroleum (bp) has reported underlying replacement cost profit of $8.5 Bn in the third quarter (Q3) of 2026, up from $5.7 Bn in the previous quarter, supported by higher refining margins and stronger gas and m...

bp Reaffirms Middle East Commitment Amid Restructuring

British Petroleum (bp) has no ​intention of shying ‌away from the Middle ​East, CEO Meg ⁠O’Neill told ​the Energy ​Intelligence conference in London on Monday. O’Neill ​added that ​bp is working ‌with ⁠the...

Badawi, bp Discuss $700 Mn Drilling Program to Boost Egypt Gas Output

Karim Badawi, Minister of Petroleum and Mineral Resources, met with senior bp officials to review the company’s exploration, drilling and production plans in Egypt, including a $700 million program targeting four well...

Baker Hughes Wins bp Contract to Boost North Sea Production

Baker Hughes has secured a contract from British Petroleum (bp) to provide offshore well stimulation and production enhancement services across bp’s UK North Sea operations, supporting both new well development and re...

bp to Sell Brazilian and Gulf of Mexico Exploration Assets to Shell

British Petroleum (bp) has agreed to sell stakes in several exploration assets to Shell as part of its strategy to streamline its portfolio and strengthen capital allocation, bp said in a press release. Under the agre...

bp Appoints Ian Tyler as New Chair Amid Strategic Reset

British Petroleum (bp) has appointed Ian Tyler as Chair of the company following an extensive search process, including both internal and external candidates. He will assume the role immediately, according to a press ...

bp Begins Fayoum-4 Well Production, Adding 80 mmcf/d to Egypt’s Gas Supply

British Petroleum (bp) has started production from the Fayoum-4 well in Egypt’s West Nile Delta, adding an estimated 80 million cubic feet per day (mmcf/d) of natural gas to the domestic market. The well’s production ...

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