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CO2 Foam Injection: An Effective Path for Enhanced Oil Recovery

In light of the increasing demand for oil and gas globally, efforts are drawn to boost production. Reducing CO2 emissions while providing the needed energy at the lowest costs becomes vital for a safe and secure future. With the continued technological development, CO2 foam injection has emerged as one of the much-needed technologies seeking to enhance oil recovery and can be used for carbon storage, which is useful in achieving decarbonization goals.

Egypt, World Bank Explore Cooperation in Natural Gas, Mining, Emissions Reduction

The Minister of Petroleum and Mineral Resources Tarek El Molla has received the Regional Director of the World Bank's (WB) Infrastructure Department in the Middle East and North Africa region, Paul Noumba where they discussed how to boost cooperation on natural gas, emissions reduction and natural gas fields.

bp to Purchase Shell’s Stake in Australia’s Browse Gas Project

bp will expand its holding in Australia’s largest untapped gas resources by buying the 27% stake of the Browse joint venture that is owned by Shell, Reuters reported.

El Molla: Natural Gas Delivered to 8 Million Homes in Nine Years

Minister of Petroleum and Mineral Resources Tarek El Molla confirmed the delivery of natural gas to more than 8 million housing units in nine years.

El Molla Emphasizes Importance of EGPC’s Economic Role

Minister of Petroleum and Mineral Resources Tarek El Molla has emphasized the important economic contribution of the Egyptian General Petroleum Corporation (EGPC) describing it as the most important economic institution and its performance reflects this description.

Chevron’s Anchor Platform to Give Much-Needed Production Boost

Chevron announced that the Anchor semi-submersible oil platform, part of the company’s U.S. Gulf of Mexico offshore project, is near completion.

Town Gas Achieves Revenues Worth EGP 3.2B in 2022

Town Gas announced that it has achieved revenues of EGP 3.2 billion in addition to a net profit worth more than EGP 72 million during 2022.

bp, Uber Join Forces to Cut Emissions  

Uber, bp declared a new global mobility partnership that would see the two businesses collaborate to assist Uber meet its goal of becoming a zero-emission transportation platform in the US, Canada, and Europe by 2030 and internationally by 2040.
 

ADNOC to Create Low-Carbon Ammonia Value Chain

To support climate-neutral transformation of industry, ADNOC declared exploring new opportunities to create a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia.

Modern Gas Achieves Revenues of EGP 2.45B in 2022

Chairman of Modern Gas Mohamed Qandil stated that the company has achieved revenues of EGP 2.45 billion in 2022 which increased by 9.6% compared to the previous year.

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