Features / Spotlight
Definitions and Opportunities: Driving Development Through Optimization
Optimization is one of those catchall terms that has taken the business world by storm, not least in the petroleum sector. Even our own newspaper is hosting a convention centered around it. In truth, optimization is an engineering concept straight out of the textbook, amply used by mechanical and electrical engineers to reconcile opposing priorities. In the world of petroleum engineering it is about balancing cost versus quality and getting the best (optimal) technological result within existing financial constraints.
WORDS OF THE WISE: RELYING ON EXPERIENCE
After leaving academia for a fulltime political career, Dr. Moustafa El-Fiqi was once described as a “former thinker.” His logical reply, “When does somebody stop thinking”? By the same logic, just because someone is retiring doesn’t mean he has stopped being useful to the industry. Egypt Oil & Gas is celebrating our 100th issue, dedicating this month to celebrating the people who have made important contributions to the oil and gas sector here in Egypt.
BUILDING TALENT: HOW THE INDUSTRY SUPPORTS THE BEST AND BRIGHTEST
Since the sharp fall of oil prices in mid-2014, the oil industry has been forced to act with dexterity and composure, like an acrobat balancing across the tight rope. In spite of uncertainty, the acrobat relies on skill, instinct, and great effort to cross the suspended bridge that will lead him to stable ground.
WOMEN IN THE OIL AND GAS INDUSTRY
Nerine Elwy is the current Communications Manager for Shell in Egypt and Kuwait. She began her career at the company in 1994, substituting for someone else’s maternity leave. Her excellent performance granted her a job offer in the company and few years later, she was in charge of the upstream and downstream External Affairs department.
CEOs Less Optimistic about Global Economy in 2015, but Confidence in Growth Remains Steady
PwC Egypt is pleased to announce its Global EU&M industry perspectives on the 18th Annual Global CEO Survey. As part of the Global CEO Survey research, PwC carried out 72 interviews with Oil & Gas CEOs from 39 countries, 73 P&U CEOs from 35 countries, and 25 Mining CEOs from 18 countries. PwC spoke face-to-face with the following CEOs: Oil & Gas CEOs Dr. Javier Genaro Gutiérrez Pemberthy, Chief Executive Officer, Ecopetrol, Colombia Abdulrazaq Isa, CEO, Waltersmith Group, Nigeria Power & Utilities CEO H.E. Sim Sitha, Director General, Phnom Penh Water Supply Authority (PPWSA) Mining Andrew Mackenzie, Chief Executive Officer, BHP Billiton, Australia
FUGRO SAE: International Company with Egyptian heart
Fugro SAE (FSAE) is responsible for Fugro’s survey and subsea activities in Egypt. Benefiting from investment in Egypt over more than 30 years, FSAE has developed a strong capability in the country, allowing delivery of world-class services to the Egyptian offshore industry entirely by Egyptian staff and locally available resources.Page 1 of 1
