Iraq Requests BP to Cut Production by 10%
Iraq has requested that supermajor BP cut its crude production by 10% at the southern field of Rumaila as Iraq ramps up efforts to comply with OPEC+ cuts.
BP | Egypt Oil & Gas - Part 11
Premier Oil Renegotiates Deal to Buy BP North Sea Assets
Premier Oil has managed to renegotiate with BP concerning their $625 million deal for the acquisition of North Sea oilfields.
BP Appoints Karim Alaa New Senior VP for North Africa
Karim Alaa, Country Manager for BP Egypt will be appointed as BP’s Senior Vice President for North Africa succeeding Hesham Mekawi, effective 1 July 2020.
Hesham Mekawi to Step Down from his Position in BP
BP announced that Hesham Mekawi, the Regional Presiden for North Africa, has decided to step down from his position and retire as of the end of 2020.
BP Profits Drop to $0.8 B in Q1 2020
BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019.
Agiba, Pharaonic Petroleum to Boost Investments for FY 2020/21
Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) both announced to boost their investments during Fiscal Year (FY) 2020/21.
Dragon Oil Celebrates Acquisition Amid Egypt’s Investment Climate
The Minister of the Petroleum and Mineral Resources, Tarek El Molla has witnessed the acquisition agreement ceremony of Dragon Company to the share of BP Company in a GUPCO concession costing $ 500 billion.
ADNOC LNG Inks Supply Agreements with BP, Total
ADNOC LNG, an Abu Dhabi National Oil Company (ADNOC) operating company, has completed the signing of supply agreements with subsidiaries of BP and Total.
Dragon Oil Acquires BP’s Stake in GUPCO
Dragon Oil, the fully owned exploration and production (E&P) platform of Emirates National Oil Company (ENOC), announced that it has acquired the stake of BP at the Gulf of Suez Oil Company (GUPCO) after obtaining ...
Baltim’s New Well to be Linked to National Grid
Ministry of Petroleum connected the first well at Southern-Western Baltim gas field, located 12km away from the Nooros field in the Nile Delta to the national grid. The new well is expected to produce 100mcf/d of ...
