Due to the dynamic nature of the oil and gas industry, many factors force companies into signing agreements such as engineering, procurement, construction (EPC) contracts. Any delay or inefficiency in these contra ...
For the past four years, the Egyptian Ministry of Petroleum has been reaping the fruits of the ambitious modernization project that was launched in 2016. Under the leadership of H.E. Eng. Tarek El Molla, Egyptian ...
Many sectors including oil and gas industry, are now suffering due to the outbreak of the coronavirus pandemic. The global lockdown and imposed curfew everywhere have led to heavy economic and commercial losses as ...
In 2009, the internationally renowned economist, Mohamed El-Erian, coined the term New Normal: an economic alteration of normalcy in the aftermath of a global recession. Now that the coronavirus pandemic has posed ...
While an operational cost efficiency strategy is a notion that has been implemented in various companies in the oil and gas sector. So far, conventional operational cost efficiency strategies have been implemented ...
The oil and gas industry is no stranger to world economic turmoil; and recently it has brought the industry to a whole new low. Global oil prices crashed down with Brent crude recording $20.39 on April 21 as a res ...
The new coronavirus pandemic has spawned a serious public health crisis, devastated economies and changed social norms around the world. However, the danger of evolving it into a weapon that can be wielded in poli ...
Cost efficiency has been at the forefront of the agenda of oil and gas companies since the 2008 oil crash and the subsequent reduction in profit margins. Since then, many firms have opted to cut their manpower to ...
Crisis and opportunity are two sides of the same coin. As digital transformation in the oil and gas sector takes center stage amid the coronavirus (COVID-19) outbreak, everyone must rethink their business models. ...
Non-linear and unpredictable; the novel coronavirus (COVID-19) has ferociously hit the oil and gas markets leaving a rippling effect across the industry, leading to a possible global economic crisis and a grave de ...
