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Egypt: A Land of Opportunity for Energy Investors
Egypt is a hub for energy trading and investments, with potential and opportunities in different energy sectors. The Egyptian government is cognizant of the need for a sustainable energy mix to both address increasing demand and to move to a more environmentally-sustainable and diverse electricity sector. Not only in terms of its rich oil and gas resources, but the country also has an abundance of land, sunny weather, and high wind speeds, making it a prime location for renewable energy projects. Egypt is further working on developing several hydrogen projects to secure a sustainable energy mix.
How Technology Has Become a Key Catalyst for Energy Investments
Many have spoken about the energy transition, but few talk about what it will take to accomplish it. Never have the issues of energy security, energy transition, and energy efficiency been as closely intertwined as they are today. With production cuts, price hikes, and global inflation creating a tumultuous global economy and an atmosphere of uncertainty within energy markets around the world, nothing better can remedy economic volatility than increased investment.
BRICS Expansion: A New Game Changer in Global Geopolitics, Energy Dynamics
The recent enlargement of the BRICS group, which now includes Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates, is widely seen as a significant development that will have far-reaching implications on the world’s geopolitical and economic scene. It is also seen as a new game changer in the world’s energy dynamics.
ExxonMobil to Acquire Pioneer Natural Resources in $59.5B Merger
ExxonMobil Corporation and Pioneer Natural Resources have jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023.
Aramco Assesses Possible Investment in Shandong Yulong Petchems
Aramco, a global leader in the energy and chemical industry, has announced the signing of a memorandum of understanding (MoU) with Shandong Yulong Petrochemical Co. Ltd., Nanshan Group Co. Ltd., and Shandong Energy Group Co. Ltd.
SLB, AWS, Shell to Deliver Digital Subsurface Workflows
SLB, Amazon Web Services (AWS), and Shell Global Solutions Nederland BV (Shell) have entered into a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, utilizing SLB subsurface solutions on AWS cloud infrastructure.
Powering A Greener Future: How Huawei Digital Power Is Leading The Energy Revolution
AN INTERVIEW WITH JOEY DENG, CEO OF DIGITAL POWER BUSINESS AT HUAWEI EGYPT
Why Oil & Gas Sector Needs Technology-Open Approach to Emissions Reduction
It’s the time of year again, as across the world nations prepare for the world’s biggest climate-focused conference: COP. With COP28 set to be hosted by the UAE, all eyes are on the energy sector to see how it responds and engages with the event, and the industry-wide commitment to the energy transition. IOGP supports this commitment to the energy transition and works with its members to help them decarbonise whilst maintaining the careful balance of energy security and affordability.
