Shell Declares Q1 2023 Euro, GBP Equivalent Dividend Payments
Shell's Board declared the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2023 interim dividend.
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The Road to Energy Security
To begin with, the market of natural gas is currently undergoing significant change, shifting from regional cooperation to an increasingly international and interconnected economy. Given the ongoing condition of surplus in the gas market, this change is causing new security-related worries, which are still present. Natural gas plays a significant role in the transition to cleaner energy because of the amalgamation of two main factors—a decrease in greenhouse gas (GHG) pollution and increased energy security.
The MENA Region’s Renaissance in Advanced Energy Technology Takes Center Stage
Helal & Fraser International law office, established by Egyptian corporate/commercial lawyer Hader Helal and Scottish corporate/energy lawyer Hugh Fraser, believes that the Mediterranean and North Africa region offers significant opportunities in energy. The Energy Industries Council is tracking over $60 billion of energy sector projects in Egypt alone.
Shell Lubricants Egypt to Launch the 7th Technology Leadership Conference
Shell Lubricants Egypt is preparing to launch the 7th edition of the Technology Leadership Conference under the slogan of “Together Powering a Better Future”.
El Molla Inaugurates North Geisum Field Expansions
Minister of Petroleum and Mineral Resources, Tarek El Molla, inaugurated the expansion of the North Geisum field in the Petrogulf concession area in the Gulf of Oil in the Eastern Desert, which witnessed a development and increase in production and reserves, as the field’s production jumped from 4 thousand to 19 thousand barrels of oil per day, and the proven reserves increased from 118 million to about 203 million barrels during the first half of the current year 2023.
TotalEnergies Set to Sell 50% Stake in Surmont Oil sands Asset
ConocoPhillips is exercising its preemption right to purchase the 50% stake in the Surmont asset held by TotalEnergies EP Canada Ltd. for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.
Eni Launches Program to Decarbonize Heavy Transport Sector
Eni has initiated a dedicated program to encourage the use of HVOlution, which is Eni’s first diesel produced from 100% renewable raw materials by its suppliers' vehicles transporting fuels to Eni Live Stations.
EMGF’s 23rd EB Meeting Discusses Activities, Future Plans
The 23rd East Mediterranean Gas Forum (EMGF) Executive Board meeting was held via video conference with the participation of EB members from EMGF Member Countries and Observers, discussing the latest updates of its activities.
