50 Years of Cooperation, BP’s Investments in Egypt Totalling $25 billion
UK-based oil and gas company British Petroleum (BP)’s investments so far in the country are exceeding $25 billion,…
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BP Wins Two Exploration Blocks in Egypt, with $240mn Investments
UK-based oil and gas company British Petroleum (BP) has been awarded today two new exploration blocks as a result…
BP Profit Drops; Says No Hit from Russia Sanctions
BP PLC posted a big fall in third-quarter profit from a year earlier, giving the first indication of how big oil…
BP Starts Drilling Atoll-1 Well Offshore Egypt
BP Egypt announced Tuesday the start of drilling the Atoll-1 well offshore Egypt. The deepwater exploration well is…
Putin Oil Deals With Exxon, Shell Imperiled by Sanctions
The U.S. and European Union are poised to halt billions of dollars in oil exploration in Russia by the world’s…
BP Announces First Gas from DEKA Project, Offshore Egypt
BP Egypt announced Thursday first gas from the DEKA project offshore Egypt with the start of production from the…
Sisi’s Government Clings to Debt to Pull Egypt’s Oil & Gas from The Brink
The Egyptian General Petroleum Corporation (EGPC), the country’s state-owned oil company, is in the market for a…
Egypt to Pay off All Arrears to Foreign Oil Firms by 2017
The Egyptian government has reached an agreement with foreign oil firms to pay off all of its arrears by 2017…
BP to Invest $10 billion in Egypt’s Gas Fields for 5 Years
Egyptian Prime Minister Ibrahim Mahlab finalised an investment deal on Tuesday with the CEO of British Petroleum…
Egypt to Finalise $10 Billion Deal with BP
Egypt is to finalise a deal with British Petroleum to invest $10 billion in gas fields in Alexandria governorate,…
