BP | Egypt Oil & Gas - Part 2
Venezuela Awards Gas License to bp, XRG, and UCC
Venezuela has awarded a license to British Petroleum (bp), UAE-based XRG, and Qatar-based UCC Holding to explore and develop the second phase of the Loran offshore natural gas field, as Caracas seeks to attract foreig...
bp Q2 Profit Surges 144%, Highlights Off-Shore Egypt Gas Discoveries
British Petroleum (bp) reported an underlying replacement cost (RC) profit of $5.73 billion for the second quarter (Q2) of 2026, up 144% year-on-year (YoY), according to a press release by bp. Replacement cost profit ...
bp Starts Process to Sell North Sea Assets
British Petroleum (bp) is launching a process to market its North Sea business for a potential sale, as part of its ongoing portfolio review and its approach to capital allocation for creating a simpler, stronger, and...
bp Sells 15% Interest in Iraq’s Kirkuk Oil and Gas Business to TPAO
British Petroleum (bp) has sold 15% of its working interest in its subsidiary in Iraq, BP Energy Company of Kirkuk Limited (BP ECKL), which operates a series of oil and natural gas fields, to Türkiye Petrolleri Anonim...
bp in Talks to Sell Lightsource to Kuwait-Backed Consortium
British Petroleum (bp) is having late-stage talks to sell its Lightsource solar energy unit to a consortium backed by Kuwait’s sovereign wealth fund, as bp is focusing on oil and gas to boost returns, Reuters reported...
bp Uses Sidetrack Drilling to Accelerate Fayoum North 4 Output
As part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to increase domestic natural gas production, maximize existing infrastructure, and reduce reliance on imports, it is working with bp to brin...
International Energy Companies Sign Over $60 Bn in Agreements with Iraq
Several international energy companies signed a series of non-binding agreements and memorandums of understanding (MoU) with Iraqi officials, valued at more than $60 billion, during the US-Iraq Business Summit in Wash...
CocoPhilips Acquires 42% Stake in bp Energy Kirkuk
ConocoPhillips announced it has agreed to acquire a 42% stake in bp Energy Company of Kirkuk Limited (bp ECKL), a subsidiary of British Petroleum (bp), supporting the redevelopment of four oil-producing fields in nort...
