Today, flare-to-power solutions are garnering more and more attention as an innovative new method for tackling the environmental and economic hurdles tied to flaring within the oil and gas sector. These solutions have the potential to transform wasted gas into a valuable source of energy, while mitigating the harmful effects of flaring.
The EMGF will continue to play a critical role in leading the future sustainability efforts for the East Mediterranean market and the only way anything significant can be accomplished is through combining the efforts and resources many countries have together.
With the world working towards achieving a carbon-free future, Egypt leads the African continent’s efforts to realize a just and realistic energy transition that shall guarantee a sustainable economic growth for the African countries. Egypt Oil and Gas sits with Minister of Petroleum and Mineral Resources Tarek El Molla to discuss Egypt’s decarbonization strategy and the steps that the country has taken to meet the objectives of The Paris Agreement.
Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of a memorandum of understanding (MoU) between the United Gas Derivatives Company (UGDC) and the Indian chemical company TCI Sanmar.
Italy Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem's share of the contract amounts to around $4.1 billion.
ADNOC has announced that its Ruwais Refinery has obtained the International Sustainability Carbon Certification (ISCC) to produce Sustainable Aviation Fuel (SAF), making it the first company in the Middle East to earn the distinction.
Dana Gas PJSC, Middle East’s first and largest regional private sector natural gas Company, announced the appointment of Ahmed Abdulhamid Alahmadi as a new member of the Company's Board of Directors, effective immediately. This appointment follows the resignation of Jassim Alseddiqi from the Board.
On the sidelines of ADIPEC exhibition and conference 2023, the Minister of Petroleum and Mineral Resources, Tarek El Molla has met with the CEO of bp Company, Murray Auchincloss, who affirmed that the company’s investments and plans in Egypt will continue, noting that the company is aiming to expansion.
The average production of natural gas during fiscal year (FY) 2022/23 reached about 6.2 billion cubic feet per day (bcf/d). Meanwhile, the average daily domestic consumption of natural gas was around 5.9 bcf/d, including 57% for the electricity sector, 25% for the industrial sector, 10% for the petroleum and gas derivatives sector, 6% for the residential sector, and 2% for supplying cars, the Egyptian Natural Gas Holding Company (EGAS), Magdy Galal, stated.
The Ministry of Petroleum and Mineral Resources announced that it has awarded the bid round offered by the Egyptian Natural Gas Holding Company (EGAS), which closed in mid-July, to one consortium and two major companies.
