Eni Announces New Gas Discovery in the Mediterranean Offshore Egypt
Eni announced the discovery of a single 152 meters thick gas column within the Messinian age sandstones of the Abu Madi formation in the Mediterranean Sea offshore Egypt.
BP | Egypt Oil & Gas - Part 15
El Molla: New 12 Petroleum Agreements Worth $1 B
The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature ...
BP Oman to Launch 500-million-cubic feet gas project
BP Oman has announced plans to ramp up gas production by a massive 500 million cubic feet per day (mcf/d) from its Ghazeer development in Block 61 by the end of 2020.
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.
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.
