[1] Bapco Energies was established in August 2007 as a subsidiary unit of the National Oil and Gas Authority (NOGA), the Government of Bahrain's petroleum industry regulator.
[4] In December 2015, Bapco Energies signed an agreement with Teekay Corp., a Canadian-based petroleum shipping firm, to build a liquified natural gas (LNG) import terminal in Bahrain.
Bapco Energies signed an agreement with Chevron Corporation to jointly study the nation's future natural gas needs and from where Bahrain should obtain supplies.
[10] The same month, Bapco Energies contracted with Air Products, an American corporation, to study how Bahrain could move to a hydrogen economy.
[1] By 2022, Bapco Energies was studying the possibility of allowing foreign investment in its oil and gas assets, or engaging in an initial public offering.
[13] Bapco Energies raised US$600 million in sukuk in April 2021,[1] and another US$2.2 billion in murabaha (a sharia-compliant bond similar to a cost-plus pricing agreement) in May 2022.