BP | Egypt Oil & Gas - Part 12

BP Raises Dividend, Announces Buyback Program

Net debt dropped to $32.7 billion. BP declared it would start a $1.4 billion payback from its H1 surplus cash flow.

BP Commences Production from the East South Flank of Azeri Shah Deniz field

BP has started production from the East South flank of Shah Deniz 2 gas field in Azerbaijan, and adding an extra 400 million standard cubic feet of gas per day (mmscf/d) to the initial production.

BP Announces Successful Start-up of Manuel Project in Gulf of Mexico

BP announced that it has successfully started the Manuel project in the US Gulf of Mexico.

BP, Aker, Statkraft to Develop Offshore Wind Project Off Norway

BP along with Statkraft and Aker Offsore Wind agreed to establish a consortium bidding to develop offshore wind energy in Norway.

Singapore’s Pavilion Energy, BP Sign 10-Year LNG Deal

Singapore’s Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP’s Singapore unit beginning in 2024, in order to diversify its gas supply sources.

El Molla Highlights Oil, Gas Achievements During BEBA Webinar

The British Egyptian Business Association (BEBA) hosted a webinar in honor of Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighting the oil and gas sector's achievements.

BP Entrusts Projects in Mauritania, Sengal to Petrofac

Petrofac company announced that it has been awarded a contract to develop operational procedures for BP Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal.

Wintershall Dea, BP get Approx 600 mmscf/d of Gas from Raven Field

Wintershall Dea and operator BP could  get a gross production of gas from Raven, the fifth field of the offshore West Nile, estimated approximately at 600 million standard cubic feet of gas per day (mmscf/d). At i ...

BP Strikes Oil in Gulf of Mexico

BP has made a new oil discovery at Green Canyon Block 821 in the Puma West prospect in the deepwater US Gulf of Mexico.

BP to Hit $35 B Net Debt Target Ahead of Schedule

BP expected to hit $35 billion net debt target including the delivery of sale proceeds and performance in the Q1 of 2021, according to BP’s press release.

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