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).
President Abdel Fattah El-Sisi participated today in a round table in Berlin with representatives of the business community and heads of major German industrial companies, with the participation of a number of senior German officials, and in the presence of the ministers of petroleum and mineral resources, foreign affairs, electricity and renewable energy, planning and economic development, and transportation, commerce and industry.
President Abdel Fattah El-Sisi has met Germany's Chancellor Olaf Scholz to discuss boosting bilateral cooperation, especially in liquefied natural gas (LNG), green hydrogen and clean energy.
The Egyptian Ministry of Petroleum and Mineral Resources (MOP) is keen to respond quickly and immediately to citizens’ complaints received by it through the unified governmental complaints system in the Cabinet, based on its belief that dealing with complaints received through the system and removing their causes is an opportunity to improve and permanently develop services provided to citizens by oil and gas sector companies, especially for the distribution and use of fuel and natural gas, which is the backbone of daily life.
Minister of Supply and Internal Trade Ali Meselhy announced that bakeries will not be affected by the new prices of diesel, noting that bread prices will be the same.
SDX Energy Plc announced that the MA-1X well has shown good flow rates of c. 8.0 million standard cubic feet of natural gas per day (mmscf/d) during the testing process for the well which targeted the Mohsen prospect, within the Exploration Extension Area of South Disouq.
El Molla explained that the digital transformation of car refueling stations is proceeding in more than one direction in accordance with the ministry’s strategy that stems from Egypt’s Vision 2030
