BP Seeks Approval to Sell GUPCO’s Stake
The Ministry of Petroleum will issue the approvals after Dragon Oil confirms its commitment to the new terms of agreement with BP in GUPCO's concessions.
BP | Egypt Oil & Gas - Part 13
BP to Sell Egyptian Stake to Dragon Oil
The transaction is set to take place in the coming weeks and would be the end of BP's 50 years journey in the Gulf of Suez Petroleum Company (GUPCO).
BP to Boost Production from Giza, Fayoum Fields to 700 mmscf/d
BP plans to add 300 million standard cubic feet per day (mmscf/d) from Giza and Fayoum natural gas fields to production.
El Molla Meets IOCs’ CEOs
El Molla met with CEOs of Schlumberger and BP to discuss the companies' work in Egypt.
BP, Eni Ink HoA with Oman
BP and Eni signed a heads of agreement (HoA) with the Omani Ministry of Oil and Gas for more exploration opportunities in the country.
BP, Mubadala Purchase 45% Stake in Eni’s Noor Concession
Egypt has approved the sale of a 25% stake in Eni's offshore exploratory Noor concession to BP.
BP to Invest $1.8B in Egypt
BP will spend $1.8 billion in Egypt next year, according to BP’s chief executive Bob Dudley.
Qatar to Pay $4.23B for Stake in Russia’s Rosneft
The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of 14.16% stake in Rosneft, the Russian oil giant announced on November 6.
Petronas to Acquire 10% Stake in Oman’s Al Khazzan Field
Malaysian Petronas is close to buying a 10% stake in Oman’s al Khazzan gas field from the state-owned Oman Oil Company.
SDX, BP Terminate Acquisition Talks
SDX Energy Corporation announced the termination of the transaction that was aiming to acquire a part of BP's assets in Egypt.
