On the occasion of the Women International Day in March, Egypt Oil & Gas (EOG) Committee caught this opportunity for launching its first edition of the “She is Energy” webinar, on March 29, under the patronage and with the participation of Minister of Petroleum and Mineral Resources, Tarek El Molla. The event aimed to highlight the impact of women’s inclusion in the oil and gas sector and how to empower them, especially in the leading positions. A number of oil and gas leaders along with the minister participated in the panel discussion. The webinar was organized by EOG Newspaper, supported by the Ministry of Petroleum and Mineral Resources, and sponsored by ENAP.

Despite numerous challenges and COVID-19 impact on the oil and gas industry, Dana Gas was able to achieve strong operational results and maintain its position regionally and internationally during 2020. It was also able to initiate one of Egypt’s recent significant acquisition processes. In a live interview with EOG, Patrick Allman, Dana Gas’ CEO, shed the light on Dana Gas strong performance and ambitious plans. He also revealed the latest details of the sale of Egypt onshore assets. However, he totally refuted rumors that Dana Gas is leaving Egypt.

DNV is the global independent expert in risk management and quality assurance . Its main purpose is to safeguard life, property and the environment. EOG has the chance to conduct a very interesting interview with one of the men that makes this possible; Ditlev Engel, CEO of DNV’s Energy Systems business unit, who shared with us his thoughts regarding the company’s operations in Egypt, its latest services and hydrogen projects developments, and also revealed a passion for challenges.

February 24th was a good day – where we announced a solid set of results. Firstly, achieving operational stability during what has been a very challenging year. We, like everybody else in the sector, are facing new challenges and we are particularly proud of how our teams and the business have performed in the face of extremely difficult circumstances.

To begin with, the concept of Green Hydrogen is a new trend in the industry pertaining to its formation from natural gas resources. Over the last few years, interest in this particular topic has peaked exponentially. Green Hydrogen can be used as a raw material for chemical reactions to generate a variety of biofuels, and it is a good energy carrier for applications that are isolated from electricity grids or need a high energy content by weight. Green hydrogen has the potential to bridge the gap between increasing and sustainable renewable energy production and hard-to-electrify sectors.

The liquefied natural gas (LNG) scene has witnessed a remarkable change in 2020 and actually this change was inevitable and imperative due to the COVID-19 pandemic; the crisis that revealed how Egypt could be an active exporter of LNG despite any circumstances. It could even reach a huge milestone by restarting the long-awaited Damietta LNG Plant after eight years of hiatus. To review the ebb and flow of the market, it is important to look at how both plants, Idku and Damietta, performed in 2020.

Schlumberger Egypt held its annual International Women's Day ceremony, celebrating International Women’s Day on March 8, 2021, through a virtual event that aimed to empower women and encourage a diversified culture in the oil and gas industry.

International benchmark Brent crude futures jumped above $70 for the first time in nearly two years after Saudi oil facilities were targeted by missiles and drones on March 8. The attack was one of the recently renewed attacks by Yemen's rebel Houthi movement that used to launch missile attacks on Saudi Arabia infrastructure and territory, including oil tankers and facilities and international airports, in response to Saudi intervention to restore Yemen’s internationally-recognized government.

Amid the major discoveries that took place in the Eastern Mediterranean region during the past ten years, some regional countries including Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine have agreed to establish the East Mediterranean Gas Forum (EMGF) as an international organization to utilize the full potential of the Eastern Mediterranean offshore gas wealth. The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that EMGF intends to respect the members’ rights of natural gas according to the principles of international law and support their efforts to benefit from their oil reserves and infrastructure.

A long journey of achievements and resilience shaped the growth of Methanex Egypt today enabling the company to establish itself as a strong player and a responsible neighbor, in just a few years. Through its power of agility, strong culture and commitment to the Responsible Care ethics, Methanex Egypt ensured safe operations and reliable production throughout the past ten years while fostering productive and impactful relationships with its key stakeholders with significant results within the sector and community in Damietta.