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BP, EGPC sign $46m agreement for oil, gas exploration in Gulf of Suez
The Egyptian General Petroleum Corporation (EGPC) signed an agreement with the energy giant British Petroleum (BP) to explore and produce oil and gas in the northeast of the Ramadan concession in the Gulf of Suez with investments of $46m. The agreement was signed by the CEO of the EGPC, Abed Ezz El-Regal, and BP’s regional …
Egypt’s mega Zohr field production start record-breaking success: BP, Eni
Egypt’s natural gas production to reach 5.4 bcf/day, says El Molla
BP announces third gas find in North Damietta concession area
The new field has a gas carrier layer of 37 meters in thickness
BP returns to profitability in 2016
Petroleum Minister signs 3 agreements for gas, petroleum exploration in the Mediterranean
The agreements will inject investments worth $220m into oil and natural gas exploration in the Mediterranean
Eni agrees to export part of Shorouk concession
Arbitration case worth $8bn will be waived as soon as exporting begins
BP buys 10% of Eni’s massive Zohr gas field
The two companies agreed that BP could purchase another 5% before the end of 2017
BP produces 650m cubic feet from Taurus and Libra fields
BP agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source
As Nooros field reaches record production, BP and Ministry of Petroleum sign 3 concession amendments
BP announced it has signed three concession amendments with the Minister of Petroleum Tarek El Molla for the Temsah, Ras El Barr, and Nile Delta offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros field, where the company recently achieved record production. Hesham Mekawi, regional president of BP North …
BP acquires Shell’s Rosetta gas plant for $128m
Giza and Fayoum fields in northern Alexandria will produce 420m cubic feet per day in 2019, says source
Eni, BP complete drilling of second well in South Baltim
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source
Eni, BP target production of 350m cubic feet of gas from South Baltim field
Six wells will be linked from the new discovery to the national grid by the end of 2016/2017, says source
Eni and BP find 700bn feet of gas in south Baltim reservoir
Drilling the first well is completed at 4,000 metres depth, says source
BP sanctions development of 1.5tn cubic feet Atoll field in Egypt
Early production will bring up to 300m cubic feet per day starting 2018
BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
BP to establish natural gas processing plant with 77bn cubic feet/day capacity
BP to complete the LNG production facilities by end of 2020, says EGAS official
British companies visit Egypt bringing their experience in new energy discoveries
Egypt key market for leading British companies working in oil and gas sector, says EIC Director
British businesses must be partners of choice for Egypt’s energy future: Donaldson
British Gas and British Petroleum have together invested almost $40bn in developing Egypt’s energy sector
BP broadens stake in Egypt’s West Nile Delta project
Company acquired 22.75% in the North Alexandria concession as well as 2.75% in West Mediterranean Concession
BP accelerates development of first phase of Atoll field in Egypt
The first phase will consist of two development wells tied back to existing infrastructure, with production expected to start up in 2018, says Dudley
Al-Sisi meets British companies, experts during visit to UK
BP intends to pump investments of $3bn in gas field discovery over the next three years
EGPC opens revolving letter of credit pertaining to North Alexandria gas
Fines to be imposed on BP and WRE DEA if linking wells to production is delayed
Oil spill payments sink BP into the red
British energy giant BP recorded multi-billion dollar losses in the second quarter due to payments linked to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Low oil prices also weighed on results. The loss was "mainly relating to the recently announced agreements in principle to settle claims arising from the 2010 Deepwater Horizon accident," said Bob Dudley,…
$2.25bn cost of importing gas for FY 2015-2016
BP starts supplying 18 liquefied gas shipments to Egypt next month
Egypt’s economy needs FDI push for its flat battery: British Ambassador
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
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$23.5bn agreements signed in oil, gas, mining sector at Summit
Largest contribution in the sector made through BP
BP signs an agreement with Egypt to invest $12bn
BP plans to sign an agreement Saturday worth $12bn to invest in the West Nile Delta gas project. The agreement is considered one of the biggest investment agreements in the history of Egypt. The step comes as part of the British delegation’s participation, headed by Foreign Minister Philip Hammond in the Sharm El-Sheikh Economic Summit …
Protest, investment and BP: Egypt is open for business but not for accountability
With billions of dollars of investment due to flood Egypt, we look at how the government has introduced new legislation to silence citizens’ voices of dissent
BP signs project developing 5tn cubic feet of gas resources
West Nile Delta project underlines BP’s commitment to Egyptian market, company said
Offers received from BP, Vitol, Trafigura, and Golar LNG for gas import tender: EGAS
A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies. The official added that a decision on the financial proposals from applying companies will be made this week. The announcement of the final result …