The oil and gas sector is grappling with a slew of challenges, ranging from occupational health and safety to financial limitations, as a result of COVID-19 and the ensuing economic crisis. Many of these worries are familiar to industry leaders who have built a living out of risk mitigation. The degree to which leaders can continue to rely on longer-term goals like decarbonization and preparing for the energy transition is being challenged as firms regain their ground following the crisis.

Over the past few years, Egypt has taken proactive constant steps to become a hub for trading and exporting energy. In 2016, a high committee was formed to implement this strategy as a part of Egypt’s vision 2030 for sustainable development. Egypt’s plan to become an energy hub will secure the domestic needs of energy, support economic development, provide more foreign currency and perfectly exploit Egyptian infrastructure. In addition, this strategy will provide more opportunities for investments.

Recently, the world trend has turned toward renewable energy to overcome the decline of the conventional resources of energy as well as the climate change caused by greenhouse emissions. However, one of the public debates around renewable power spread is to what extent it can be competitive while renewable Resources suffered from high operation and maintenance (O&M) costs.

Egypt’s integration history in the oil and gas sector dates back to late of the eighteenth century when the Egyptian Government was able to dig oil from Ras Gemsah in 1886, which marked the beginning of the country’s oil industry. Since then, a long journey of attainments and failures shaped today’s history of the Egyptian petroleum sector.

The promise of tomorrow is reshaping a clean world with clean energy, at least that is the case for the oil and gas industry. With the climate crisis in focus, the oil and gas industry needs to step up its game to downsize its greenhouse gas (GHG) emissions. According to McKinsey, oil and gas operations account for 9% of all human-made GHG emissions in addition to producing fuels that contribute to another 33% of global emissions. One effective way the industry can reduce its GHG emissions is through utilizing Combined heat and power (CHP) technology.

In 2019, Methanex Egypt launched a new graduate training program, designed to enrich the pipeline of talent available to Egypt’s oil & gas and petrochemicals sector -through a three-year intensive training program with the country’s only methanol production company, through its state-of-the-art facility that is considered among the most energy efficient methanol plants in the world.

Throughout human history, energy transitions have always represented turning points that led to deep geopolitical consequences. The shift from wood to coal for example was the locomotive for capitalism and the imperial ambitions of colonial powers in18th century.

Since Paris Agreement invited the world countries to formulate a long-term low greenhouse gas emission strategies to limit global warming to 1.5 to 2.0 degrees Celsius above pre-industrial levels, more countries and businesses began to formulate their carbon neutrality plans. This made zero-carbon solutions competitive across economic sectors that produce nearly 25% of emissions, while the United Nations Framework Convention on Climate Change (UNFCCC) expects such zero-carbon solutions to be more competitive in sectors representing over 70% of global emissions by 2030.

In 2019, Methanex Egypt launched a new graduate training program, designed to enrich the pipeline of talent available to Egypt’s oil & gas and petrochemicals sector - through a three-year intensive training program with the country’s only methanol production company, through its state-of-the-art facility that is considered among the most energy efficient methanol plants in the world. The program is considered an exciting opportunity for candidates who are interested in building a career in the petrochemicals industry. It provides talents with an opportunity to work in a multicultural and high-performing environment enabling the leadership development and growth potential of fresh graduates and allowing them to develop technical, commercial, and interpersonal skills through on-the-job training, individual learning, and hands-on experience in multiple roles throughout the organization.

Exploration and Production (E&P) stage in the Oil and Gas field is a process that requires real drudgery that must be applauded especially when it is followed by lucrative results. That's why, Egypt Oil and Gas (EOG), who is always keen to shed the light on striking examples of upstream breakthroughs, conducted this interview, with a company managed recently to reach production results too remarkable to be overlooked.