Many companies around the globe have had to transition to new methods of operation in order to comply with social distancing and COVID rules as a result of the global pandemic. Workers in the oil and gas industry believe that the events of 2020 have now ushered in a new standard for the industry, with 86% claiming that this is the current case or will be in the immediate future.
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.
Needless to say, the world of oil and gas is very rough and tough; it is traditionally known as a male-dominated environment. However, some oil and gas companies are keen to ensure gender parity and workforce diversity, while others are leaving the gender gap to get wider. Although many companies seek to integrate gender parity in their policies, activities, and processes, they still fight a lot of issues like gender disparity, and unconscious bias in many aspects. Hence, changing mindsets, offering fair opportunities, and implementing supportive policies are necessary to promote diversity.
To begin with, the employment of women in male-dominated industries has increased exponentially over the last several decades. However, the fact remains that this achievement does come with its own set of challenges.There are several obstacles that women face as they attempt to climb the business hierarchy in their field of expertise. Due to the diverse range of skills that the renewable energy and the oil and gas industry have to offer, the possibilities looking into the future for successful women in the energy industry are endless.
With Women’s International Day around the corner, Women in Energy is a topic that comes under the spotlight every March. But is the myriad of topics that this occasion brings along is getting a little bit old and a little bit redundant? Does this also mean that if we removed this seasonal variation, will it reveal an adverse long-term trend? Women in Energy is an indispensable topic but it is not new. Thus, this topic-homogeneity must be tackled to achieve actual results.
To begin with, the natural gas investment climate as of Q1 2021 has proved to be a financial opportunity that cannot be ignored for both the upstream and downstream sectors. The trend in natural gas popularity has changed dramatically between 2019 and 2021; starting with a low-sloped rise, continuing with a plateau and eventually exponentially increasing at present. However, before further analyzing the current state of the financial market, it is important to understand the journey that led to the present day interest in natural gas.
For years, the privatization program has been oscillating back and forth with promises that fail to see the light of day. However, the government has been pushing forward with the program’s comeback in an attempt to flourish the investment climate and pump more foreign direct investments (FDIs) amid the coronavirus pandemic. One of the companies that has kickstarted the program and is currently being offered to the private sector is the state-owned oil distribution company, Wataniya Petroleum. Will this perhaps be the first of many national oil companies (NOCs) to be up for grabs by private sector investors?
International organizations have declared 2020 as one of the worst years for the world economy. The COVID-19 consequences were to blame for the economic damage that left only a handful of countries to come on top with little economic damage by the end of the year. Trade, being one of the main driving forces of the economy, was not able to escape a hit over the past year too. As some parts of the world begin their way to recover, health-wise and consequently, economic-wise, Egypt Oil and Gas (EOG) takes a look back on what 2020 has brought on the global and national trade through the lens of the Suez Canal; one of the most vital links connecting the world economy.
The refinery industry is one of the essential pillars of the petroleum sector. The Egyptian government has given great attention to this important industry, where Egypt is ranked as the second-highest oil refining country in Africa by refining about 23% of the total domestic refined oil in the continent.
To begin with, the coronavirus has affected the global energy markets as well as the primary energy consumption in multiple ways. While this global pandemic was only seen as a minor threat to the city of Wuhan in China, its turbulent and intense effect on the energy market hasn’t been seen since the Swine Flu that spread between 2009 and 2010, with a similar global impact. The unpredictability of the coronavirus’s spread has caused a major fluctuation in the oil and gas industry, especially when concerned with supply and demand.
