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Tag: BP
egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Eni Bashrush

Eni makes new gas discovery in Mediterranean Sea offshore Egypt

Posted: July 1, 2020 at 2:54 pm   /   Oil & Gas

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called “Great Nooros Area”. Eni (as […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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BP

BP appoints Karim Alaa as new Senior Vice President, North Africa

Posted: May 21, 2020 at 4:01 pm   /   Oil & Gas

BP announced the appointment of Karim Alaa as the incoming Senior Vice President for North Africa, effective 1 July 2020, following the retirement of Hesham Mekawi. Speaking of his new role, Karim said: “I look forward to continuing to grow our current business and generate new opportunities in the region. We are reinventing bp to […]

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Hesham Mekawi

Hesham Mekawi to retire as BP North Africa Regional President

Posted: April 30, 2020 at 3:06 pm   /   Oil & Gas

BP announced that Hesham Mekawi, Regional President, North Africa, has decided to retire. After a distinguished and very accomplished career with BP spanning over 30 years, he will leave at the end of 2020 to pursue non-executive director opportunities. He will continue in his current role until 1 July 2020 and will then spend 6 […]

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bp supercomputer

BP’s CHPC supercomputer mobilized to assist in coronavirus research

Posted: April 17, 2020 at 8:23 pm   /   Oil & Gas

BP is joining forces with the US government, universities, and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19. The company will donate its supercomputing capability to the public-private consortium formed in March 2020 by the White House’s Office of Science and Technology Policy, the […]

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BP

BP Egypt donates EGP 2 mln in medical equipment to COVID-19 Hospitals

Posted: April 10, 2020 at 8:50 pm   /   Oil & Gas

BP Egypt is donating medical equipment to the Abasaya and Embaba fever hospitals in Cairo, and Alexandria fever hospital, all of which are treating COVID-19 cases. The much-needed equipment – that has a value of around 2 million Egyptian Pounds – includes an ultrasound machine, a digital radiography (DR) machine with lead aprons, and ventilators, […]

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BP

BP starts drilling gas exploration well in North El Tabia offshore block

Posted: March 10, 2020 at 9:45 pm   /   Oil & Gas

BP begins drilling exploratory gas well in North El Tabia: BP began drilling yesterday its Atoll Nooros exploratory gas well in its North El Tabia block in the Mediterranean, Al Shorouk reported, citing an EGAS source. The company will complete drilling in four months and reveal results in 2H2020. BP had signed an agreement with […]

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WestMed MEES

Egypt agrees with five majors on West Mediterranean exploration

Posted: February 16, 2020 at 2:09 pm   /   Oil & Gas

Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal […]

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ElBurg

Egypt modifies gas price of El-Burg offshore concession to $5.88/MMBtu

Posted: February 10, 2020 at 3:53 pm   /   Oil & Gas

Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu. The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price […]

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