Features / In Review
Reviewing the offshore rig market
The offshore rig market continues to suffer worldwide from an oversupply of new rigs that outstrips demand. As the newly delivered rigs have been built at advanced specifications, older rigs have more trouble securing contracts The overall Egyptian legislative structure
Throughout the time, the Egyptians have always believed in the rule and importance of Law in organizing their lives. Along the history Egypt has hosted numerous cultures and civilizations through concurrence and occupation since 332 B.C. This in term has affected the legislative structure. In the modern history, Egypt represents one of the strongest, well-founded and structured judicial and legislative systems in the world MidEast oil recovery enters a new phase
It has always been an axiom of world energy markets that Persian Gulf oil is both easy and cheap to produce. The crude that gushes from the scorching desert sands of Saudi Arabia, for example, is widely thought to cost less than $5 a barrel to produce, compared to the $70 price tag on raising a barrel from deep Atlantic waters. But, many of the Persian Gulf oilfields have been producing for decades, and an increasing number of the newer fields in the region contain heavier and harder to extract crudes. Squeezing out the remaining reserves from some existing fields and developing new more complicated ones will be costlier and will require more advanced technology. As a result, more Gulf countries are exploring the use of enhanced oil recovery (EOR) Unsolved equation: oil prices vs. economic recovery
Since the oil price hike in summer 2008, the oil prices have been witnessing dramatic decreases worldwide. However, this year, in the shadow of ongoing unrests in the Middle East and Africa region, oil prices have been escalating once more. This price increase is ringing the alert bell; would $100 per barrel harm the economic recovery? World’s largest gas find in Israel
The latest achievements hit by Noble Energy offshore Israel have attracted world's attention towards the probable gas potentials in Israel, which could turn it to a gas exporter instead of a current importer Oil and gas agreements over different Jurisdictions
Hydrocarbons and ownership of natural resources in general have played a principal role in classifying civilizations throughout the history of man and especially over the past six decades in the whole world. Such role has changed the political and economic map of the world and has also set the aims and poles of power. The history of mankind has also evolved and developed laws and rules to preserve the treasures and natural resources of every nation within its geographical and political borders. Gas potentials outline the Egyptian scheme
Egypt is a rapidly growing natural gas producer. The Suez Canal and Sumed Pipeline are strategic routes for Persian Gulf oil shipments, making Egypt an important transit corridor for world oil markets. Breakthrough in 2011 E&P spending
Global exploration and production spending is forecast to rise 11% in 2011 from $442 billion in 2010 to $490 billion. This increase will be driven by spending gains in Latin America, the Middle East North Africa and Southeast Asia. 
