SUBSCRIBE
PROFILE

Bahrain signs strategic energy agreement with EOG Resources

Bahrain has signed an energy concession agreement with EOG Resources and Bapco Energies, reinforcing its national strategy and opening the way to new opportunities in oil and gas exploration.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE
The Kingdom of Bahrain has formalized the signing of an energy concession agreement between the Ministry of Oil and Environment and Bapco Energies, with the participation of the American company EOG Resources through its local subsidiary, EOG Resources Bahrain Awali. This commitment is part of the National Energy Strategy and…

The Kingdom of Bahrain has formalized the signing of an energy concession agreement between the Ministry of Oil and Environment and Bapco Energies, with the participation of the American company EOG Resources through its local subsidiary, EOG Resources Bahrain Awali. This commitment is part of the National Energy Strategy and aims to develop the country’s natural resources in cooperation with an international actor specialized in hydrocarbon exploration.

A partnership between national and international players

The signing ceremony gathered several officials, including Shaikh Nasser bin Hamad Al Khalifa, chairman of Bapco Energies, as well as the Minister of Oil and Environment and Special Envoy for Climate Affairs, Mohammed Bin Daina. Also present were Bapco Energies Group CEO Mark Thomas and a delegation from EOG Resources led by Joseph Korenek, president of EOG Resources International. The participation of these various representatives reflects the importance given to bilateral cooperation in the energy sector.

Strengthening the national energy strategy

Shaikh Nasser emphasized that the agreement represents a major step in the implementation of the National Energy Strategy. According to him, this collaboration combines the national vision promoted by Bapco Energies with the international expertise of EOG Resources. The stated objective is to expand oil and gas exploration opportunities, increase productive capacity, and strengthen long-term energy security for the country.

Future cooperation prospects

This agreement follows discussions initiated in January of the same year between the two organizations. The preliminary talks focused on evaluating opportunities in the field of energy exploration and development. For his part, Ezra Yacob, chairman and chief executive officer of EOG Resources, expressed his interest in working with Bapco Energies to enhance Bahrain’s natural resource potential.

The partnership is part of a broader dynamic of diversifying strategic alliances for the kingdom. By connecting national and international expertise, the agreement provides an operational framework designed to support the evolution of the energy sector and strengthen its regional competitiveness.

  • Popular on energynews.pro
U.S. Court Halts Transfer of 51% of YPF Shares to Creditors
Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Norway exceeds its oil and gas production forecasts in July
Washington strengthens ties with Pakistan over minerals and hydrocarbons
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
Ithaca Energy doubles production in H1 2025 and raises its forecasts
Thanks to strong operational performance, Ithaca Energy recorded record production in the first half of 2025, supporting improved annual guidance and significant dividend distributions.
Oil prices rise after unexpected decline in US crude stocks
A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.
Resumption of Russian Oil to Hungary Despite Tensions Linked to Ukrainian Strikes
The Druzhba pipeline has resumed flows to Hungary, while recent strikes raise questions about the energy interests at stake within the European Union.
Namibia: FPSO shortage and rig costs constrain the oil agenda
The resumption of Shell’s drilling operations and the advancement of competing projects are unfolding in a context dominated by the availability of FPSOs and deepwater drilling capacity, which dictate industrial sequencing and development costs.
Indonesia Energy enters the Brazilian market with a strategic exploratory agreement
Indonesia Energy Corporation signs a memorandum of understanding with Aguila Energia to identify oil and gas assets in Brazil, marking a first incursion outside its domestic market.
YPF Transfers Seven Oil Zones to Terra Ignis to Refocus Its Assets
YPF transfers management of seven conventional zones to Terra Ignis, marking a key step in its strategy to refocus on higher-value projects.
Viper Energy finalizes the acquisition of Sitio Royalties to strengthen its production
Viper Energy, a subsidiary of Diamondback Energy, has completed the acquisition of Sitio Royalties and is raising its production forecast for the third quarter of 2025.
Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032
Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025
Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
Russian Oil Deliveries to Hungary and Slovakia Suspended After Strike
Oil flows to Hungary and Slovakia via the Russian Druzhba pipeline have been halted, following an attack Budapest attributes to repeated Ukrainian strikes.
Resumption of drilling at Sèmè field: Benin restarts its oil production
After twenty-seven years of inactivity, the offshore Sèmè field sees operations restart under the direction of Akrake Petroleum, with production targeted by the end of 2025.
China: Refineries Increase Output but Maintain Crude Oil Surplus
In July, China maintained a crude oil surplus of 530,000 barrels per day despite high refining activity, confirming a stockpiling strategy amid fluctuating global prices.
Petrobras negotiates to increase capacity of three FPSOs in Brazil
Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.
Obsidian Energy Repurchases $1.4 Million in Unsecured Bond Debt
The Canadian company finalized a partial repurchase of its high-yield bonds, well below the initially proposed amount of $48.4 million.
SNF acquires Obsidian Chemical Solutions and strengthens its foothold in the Permian Basin
SNF acquires Obsidian Chemical Solutions, a Texas-based SME specialized in chemical solutions for well completion. Transaction amount and conditions undisclosed, but the acquisition comes in a growing North American market.
Putin Signs Decree Paving the Way for Exxon’s Return to Sakhalin-1
A new Russian presidential decree could allow Exxon Mobil to reclaim its stake in Sakhalin-1, under strict conditions tied to Western sanctions and equipment logistics.
South African court blocks TotalEnergies oil project off Cape coast
The South African judiciary has revoked TotalEnergies’ authorization to explore a 10,000 km² offshore block, forcing the group into a new procedure that includes a public consultation.
An Elliott affiliate raises bid to $8.82bn for Citgo’s parent company
Amber Energy, an affiliate of hedge fund Elliott Investment Management, submitted an $8.82bn offer for PDV Holding, intensifying competition in the court-supervised sale process in Delaware.
OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
Russian Shadow Fleet Disrupts Global Oil Balance in Asia
Hundreds of aging tankers transport Russian oil to Asia, circumventing Western sanctions while creating major environmental risks and transforming global trade flows.
Consent Preferences