British company bp plans to inject new investments estimated at $1.5 billion in Egypt's natural gas exploration and development during fiscal year (FY) 2026/2027, Minister of Petroleum and Mineral Resources Karim Badawi announced.
Updated 3/29/2026 8:49:00 AMDrilling vessel Valaris DS-12 has arrived in Egyptian territorial waters as part of a program aimed at drilling four new wells for bp and Arcius Energy.
Updated 3/24/2026 5:32:00 AM