Features / Industry Insights

Robust Cyber Resilience in the Upstream Sector

With the world shifting towards remote working, increasing volumes of sensitive data in the oil and gas industry may be at risk.The digitization of the sector is becoming a double-edged sword, providing exciting opportunities but simultaneously posing a security threat. A cyberattack on the energy sector can, in fact, extend far beyond oil and gas production to hit the political and economic spectrum. Increasingly sophisticated cybercrime, often driven by nation-state actors with geo-political goals in mind, has become a national security threat and serves as an alarm bell for oil and gas companies to take action.

Breaking the Stigma: Mental Health in O&G Industry

For quite a long time now, it seems like there has been no talk in the world except about the coronavirus (COVID-19) pandemic. This remains true to date. Without a vaccine, life cannot fully return to its former way; the oil and gas industry is no exception. There is no doubt that almost all companies have prioritized health and safety as a result of the pandemic. However, one aspect of health and safety that is often ignored is mental health and the role it can play in challenging productivity.

Egypt Natural Gas Boom Making Waves

The latest data issued by the Natural Gas Vehicles (NGV) Global website showed that the number of vehicles running on natural gas in Africa reached nearly 295,000 vehicles in 2019. In North America the number jumped to 224,500 while Europe surpassed expectations by reaching nearly two million cars.

Has COVID-19 Knocked the Wind Out of Egypt’s Transition to Renewables?

Against the background of low oil prices, the market has been flooded with cheap energy which threatens to derail the global transition to renewables. The Financial Times maintains that the perfect storm of disruption to supply chains, coupled with historically low oil prices, could potentially alter governments’ policies towards energy transition. However, Omar Nagi, Head of Wind Energy at Infinity Energy, views this as a chance to accelerate the low carbon economy and set the world on a green path.

Will Financial Stimulus Be Enough to Recover from A Pandemic?

To begin with, it is important to note that the recent developments of the COVID-19 pandemic have differed based on several elements. While some countries have cases that increase at an exponential rate, some have managed to keep the spreading of the virus under control. With the current number of international COVID-19 cases beginning to stabilize and decrease slowly, new and innovative financial programs and incentives have been developed to aid in the economic recovery process of various sectors, with priority given to oil and gas sectors.

Petroleum Consumption Shift in COVID-19 Time

Ever since the outbreak of the first coronavirus case in Egypt back in February, one-by-one, several industries began slightly shifting their mode of behavior, anticipating the inevitable shift of the economy. The past few months have also witnessed a shift in the consumption of petroleum products as it was largely affected by the decrease of transportation and the halting of almost all flights inside and outside of the country.

Joining the Petroleum Sector in the COVID-19 Era

When it comes to job hunting in the midst of a pandemic, the COVID-19 generation has seen it all. From interviews on Zoom, to the horror of maskless face-to-face interviews, and to the constant disappointment of rejection letters; there is no surprise that the current crisis will have a profound impact on all industries. However, the oil and gas sector can learn from this crisis. It can actually be acatalytic moment to accelerate permanent shifts, flatten hierarchies, reduce bureaucracy, and push decision-making to the limit. In short, paving the way for a new era of future opportunities.

The Covid-19 Frontline Heroes

Amid the coronavirus outbreak and shutdowns that are imposed on most industries around the world, some workers have to continue their missions and take risks in order to serve others. During the crisis, workers of fuel stations kept their positions in the frontlines of the pandemic to keep delivering energy and fuel across Egypt.

Smart Meters Solution: The Future of Natural Gas Billing System

Lately, the world has been directed to the digitalization of all industrial sectors, replacing human beings with machines. By the evolution of machine learning, artificial intelligence (AI) and internet of things (IoT), new smart machines enabled easier, faster and more accurate data through cost-saving devices. Also, these devices are saving human efforts and enabling distant working, which is the future trend.

Deal or No Deal: A Post Coronavirus M&A Landscape

Aftershocks of the recent oil-price war and production cuts, fueled by the COVID-19 pandemic, have created an unprecedented environment for mergers and acquisitions (M&A) in the oil and gas industry. During uncertain times, companies tend to place a stronger emphasis on cash flow and, as Adi Karev, the global oil and gas leader at EY, says, “Everything in the oil and gas sector has switched to a short-term perspective.” Subsequently, many upstream companies have announced major cuts in planned 2020 operational expenditure (Opex), in some cases in excess of a 50% decrease from 2019 figures. However, opportunities present themselves in times of chaos and companies may have the chance to enact structural change by making strategic and opportunistic investments, securing their long-term success.

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