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.
BP | Egypt Oil & Gas - Part 8
San Misr Revenues Increase 30% in 2020
The Egyptian Maintenance Company (San Masr) achieved a growth rate of EGP 6.6 billion, an increase of 30% over 2019, Mohamed Shimy, Chairman of the company, stated during San Misr’s general assembly.
BP Launches Share Award Program for its Employees
BP company announced that it is launching its first share award program for its employees who are more than 60,000, motivating them to support its plan of renewable energy transition.
El Molla Discusses Cooperation Projects with BP
The Minister of Petroleum and Mineral Resources, Tarek El Molla, received a delegation from BP British Company to discuss the cooperation projects between petroleum sector and Bp in Egypt and to review the develop ...
Lightsource BP Complete $380 MM Financing Package for Solar Projects
Lightsource BP company announced it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas.
BP Completes First Well Stimulation in Ghazeer field
BP Oman has successfully completed the first well stimulation on Block 61 by Abraj Energy Services in the Ghazeer field.
Hilcorp Energy Acquires BP’s $5.6 B Business in Alaska
Hilcorp Energy has finally completed its $5.6 billion acquisition of BP business in Alaska, taking over BP's run of 60 years in operation.
Parliament Approves Draft Laws for New E&P Agreements
The House of Representatives approved a law authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract for exploration and production (E&P) projects across the republic.
BP Pledges Oil, Gas Investments in the Middle East
BP has affirmed it will continue it will invest more money into Iraq’s, Oman’s, and the United Arab Emirates’ (UAE) oil and natural-gas fields despite the company’s transition to renewable energy and tries to lowe ...
BP Commences Natural Gas Production from Qattameya, Atoll Fields
BP company announced starting natural gas production from Qattameya gas field in the North Damietta offshore concession and Atoll-4 fields.
