ExxonMobil Egypt proudly joined the final round of Enactus Egypt’s annual national competition, bringing together 1,200 students. Ain Shams University Enactus team is the national champion of this competition with an innovative project entitled “Crevita”, for the use of crayfish shells in multiple applications, including poultry feed and bio-pesticides, among other uses.
Minister of Petroleum and Mineral Resources, Tarek El Molla, held bilateral talks with Amani Abou-Zeid, Commissioner for Energy and Infrastructure of the African Union. The talks dealt with discussing the unified vision for energy transformation in Africa, which will be presented at the COP27 climate summit scheduled to be held in Sharm El-Sheikh on the seventh of next November.
El Molla stated that Egypt welcomes Emirati investments in the various petroleum sectors, pointing to the promising investment opportunities that Egypt abounds in.
Tarek El Molla, Minister of Petroleum and Mineral Resources, and Yasmine Fouad, Minister of Environment, held a coordination meeting at the headquarters of the Ministry of Petroleum to discuss the preparations for Egypt’s hosting of the COP27 World Climate Summit in Sharm El Sheikh next November.
"Production-wise, Egypt continues to be an important part of our portfolio," Paul Smith, Wintershall Dea's CFO stated, confirming that the total production from the Egyptian fields recorded 35,000 barrels of oil equivalent per day (boe/d).
Minister of International Cooperation Rania Al-Mashat has announced that the European Union (EU) has provided €117.9 million (around $120.41 million) of development financing to support the budget of the water and energy sectors.
Petroleum Safety and Environmental Services Company (PETROSAFE) has signed a memorandum of understanding (MoU) with the Egyptian Red Cresent Charitable Organization in Hurghada to cooperate in providing training in first aid as well as health, safety and environment (HSE).
In the announcement of its quarterly performance results for Q2 2022, Centamin reported increased gold production of 110,788 ounces (oz) for the three months ending on June 30, an 11% increase compared to the same period of 2021 and a 19% growth from the output in Q1 2022. The production increase reflects the benefits of the improved open pit grade and the underground transition.
TransGlobe and VAALCO announced that they have entered into a definitive arrangement agreement pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at $307 million.
Egyptian Gas Holding Company (EGAS) has signed a memorandum of understanding (MoU) with Dea Nile Gmbh (Wintershall Dea) to prepare studies on carbon capture, utilization and storage (CCUS).
