BP commits $1.5B investment in Egypt for gas projects, drilling activities

Thu, 29 Feb 2024 - 10:32 GMT

The investment will be injected into Egypt's energy sector over a period of three to four years, as confirmed by the BP spokesperson in a statement to Bloomberg.

BP plans to inject new investments in Egypt amounting to $1.5B

Mon, 19 Feb 2024 - 02:55 GMT

This comes in light of maximizing the use of land and maritime facilities established to accelerate development and production plans to meet the growing demand of the local market, and to support the state’s efforts to export surplus energy, according to statements by the CEO of British Petroleum, Murray Auchincloss.

President Sisi Meets BP’s CEO on Sidelines of EGYPS 2024

Mon, 19 Feb 2024 - 01:13 GMT

Egypt’s President Abdel Fattah al Sisi met with Chief Executive Officer of BP, Murray Auchincloss, on the sidelines of the Egypt Petroleum Show, EGYPS 2024.

BP to pump up to $8B in energy transition

Sun, 12 Feb 2023 - 04:10 GMT

The British Petroleum Company (BP) celebrates 60 years of operations in Egypt, BP CEO Bernard Looney, announced.

BP wins rights to explore for natural gas in concession in Egypt

Tue, 28 Jun 2022 - 02:10 GMT

The concession area is located about 20 kilometers west of the Raven field in the Mediterranean Sea, with an area of ​​about 2,600 square kilometers, at a depth ranging between 500 and 2,000 meters.

Sisi: Impediments facing BP’s work need to be removed to advance oil exploration, production in Egypt

Mon, 14 Feb 2022 - 07:43 GMT

BP’s CEO, Mr. Looney, lauded President El-Sisi’s wise leadership and ambitious vision, which have led Egypt to become a successful economic and developmental model, at both the regional and international levels.

Oil minister confers with BP delegation on means of enhancing joint ventures

Tue, 16 Feb 2021 - 02:49 GMT

He pointed out to recent agreements signed with a number of major international companies with the aim of flourishing the oil sector and adding new reserves to Egypt's mineral wealth.

BP starts natural gas production from Kattameya field

Mon, 26 Oct 2020 - 12:14 GMT

The Kattameya field is located in the North Damietta offshore concession area.

Eni announces new gas discovery in Egypt’s ‘Great Nooros Area’

Wed, 16 Sep 2020 - 08:42 GMT

The announcement came in a joint statement by Eni, as the Operator of the Block, and bp, as contractor member.

Egypt's production of renewable energy surges in 2019

Mon, 31 Aug 2020 - 12:27 GMT

Egypt’s production jumped by 82.7 percent on an annual basis to reach 6.5 terawatt hours (TWh), exceeding the average increase of 14.3 percent during the previous 10 years.

Egypt’s gas exports double to 4.5 bcm in 2019

Mon, 31 Aug 2020 - 12:07 GMT

About 1.7 billion cubic meters of exports went to Europe, while Asia and the Pacific countries received 2.7 billion cubic meters, led by Pakistan with about 900 million cubic meters.

Italian Eni announces new gas discovery in Egypt’s Nile Delta

Wed, 01 Jul 2020 - 04:14 GMT

Italian oil and gas company Eni said it managed to drill the first exploration well in waters of Egypt’s Nile Delta, in cooperation with contractor members of BP and Total.

Oil minister confers with BP officials on new gas projects

Mon, 09 Dec 2019 - 02:47 GMT

The meeting took up the company's activities in Egypt and the development of new gas projects as well as present and future plans.

BP to sell oil assets in Egypt to Dragon Oil

Tue, 04 Jun 2019 - 03:36 GMT

The deal is subject to the Egyptian Ministry of Petroleum and Mineral Resources’ approval.

Petroleum min. highlights importance of developing human resources

Mon, 27 Aug 2018 - 01:19 GMT

Molla lauded the BP's initiative and its support to talented researchers, saying that such initiatives contribute to achieving sustainable development in the society in all domains.

Egypt signs new petroleum agreement with BP to explore oil, gas

Mon, 30 Jul 2018 - 10:57 GMT

The agreement was signed by Chief Executive Officer of the Petroleum Authority Abed Ezz al-Ghanim, and Regional President of British Petroleum (BP) North Africa Hisham Makkawi.

How BP found shale profits with 'crystal ball' oilfield technology

Mon, 30 Jul 2018 - 08:35 GMT

Thousands of automated wells feed data on their performance into the firm’s supercomputers each evening.

BP back on its feet but CEO senses no respite

Mon, 21 May 2018 - 08:45 GMT

BP is stronger today than at any other time since the 2010 Deepwater Horizon rig accident.

BP profits surge as output grows, but debt rises

Tue, 01 May 2018 - 08:16 GMT

BP reported a 71 percent jump in first-quarter profit on Tuesday driven by higher oil and gas prices and increased production.

Petroleum min., BP official discuss expanding in ship refueling

Thu, 26 Apr 2018 - 01:49 GMT

The meeting came as part of talks that kicked off in February in London to follow up underway efforts and steps to turn Egypt into a regional energy hub.