BP | Egypt Oil & Gas - Part 2

BP | Egypt Oil & Gas - Part 2

bp Uses Sidetrack Drilling to Accelerate Fayoum North 4 Output

As part of the Ministry of Petroleum and Mineral Resources' strategy to increase domestic natural gas production, maximize the use of existing infrastructure, and reduce reliance on imports, it is working with bp ...

International Energy Companies Sign Over $60 Bn in Agreements with Iraq

Several international energy companies, including Chevron, ConocoPhillips, and bP, signed non-binding agreements and memorandums of understanding (MoU) with Iraq worth more than $60 billion to advance oil and gas ...

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 ...

bp Signs Deal to Transfer Most Venture Investments to Verdane

bp has agreed to sell the majority of bp Ventures’ minority investment portfolio to European investment firm Verdane, as part of its strategy to simplify its business and sharpen capital allocation. The transactio ...

bp Expects Lower Upstream Production in Q2 2026

British Petroleum (bp) expects a lower upstream production of between 2.17 million and 2.22 million barrels of oil equivalent per day (mmboe/d) in the second quarter (Q2) of 2026, down from 2.339 mmboe/d in the fi ...

bp Secures 10% Stake in UAE’s Bab Gas Project

British Petroleum (bp) has signed a concession agreement with  Abu Dhabi National Oil Company (ADNOC) and other partners to develop the Bab Gas Cap project in the United Arab Emirates.

The project comprises ...

BP Weighs UK North Sea Asset Divestment in $2.69 Billion Deal

British Petroleum (bp) is in talks with Ithaca Energy, a North Sea oil and gas operator and producer, regarding the sale of its UK North Sea assets in a deal worth nearly $2.69 billion, according to Reuters.While ...

Egypt, bp, Harbour Sign Deal to Boost Mediterranean Output

The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both  British Petroleum (bp) and Harbour Energy to establish the ex ...

bp Reports 131.88% Surge in Net Profit in Q1 2026

British Petroleum (bp) reported a first-quarter (Q1) profit of $3.2 billion on April 28, more than doubling its year-on-year (YoY) performance and beating analyst expectations by 20%, Reuters reported. The British ...

bp Sees Stable Upstream Output, Strong Trading Boost in Q1 2026

bp reported that upstream production in the first quarter (Q1) of 2026 is expected to remain broadly stable compared with the fourth quarter (Q4) of 2025, at 2.344 million barrels of oil equivalent per day (mmboe/ ...

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