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Market Chatter: BP Reportedly Discussing Sale of Certain Egyptian Oil, Gas Assets to Energean
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12:20 PM EDT, 08/27/2026 (MT Newswires) -- BP (BP.L) is in exclusive discussions with Energean (ENOG.L) for the sale of certain oil and gas assets in Egypt, Reuters reported Thursday, citing two people involved in the process. The deal covers the oil giant's stakes in its operated West Nile Delta assets, jointly owned with Harbour Energy (HBR.L), as well as its 50% contractor working interest in the Temsah concession, co-owned with Eni (ENI.MI). BP and Energean did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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