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Methanex Celebrates the Publishing of “Towards Safer Processes in the Oil, Gas, and Petrochemical Industries – An Overview of Egyptian PSM Standards and Guidelines” Book Introducing Egypt’s Full Set of Process Safety Standards and Guidelines

Methanex celebrates the publishing of the book “Towards Safer Processes in the Oil, Gas, and Petrochemical Industries – An Overview of Egyptian PSM Standards and Guidelines” – documenting the unique journey of collaboration between members of the Egyptian Process Safety Steering Committee, leading to the development of a full Process Safety Management framework for the Egyptian Oil, Gas and Petrochemicals sector. The book summarizes the 24 PSM standards and guidelines developed by the Egyptian Process Safety Steering Committee’s Technical Sub-Committee and approved and issued by the Egyptian General Petroleum Corporation (EGPC).

Seeking Investors, Developing Investments

Attracting investors in the oil and gas industry has been an ongoing chess game for decades. With worldwide pandemics, financial crises, stock crashes, and technological advances, it becomes a question of which piece must be sacrificed to save the king. There is no denying that oil and gas businesses are finding it difficult to get investors. The energy environment is changing, and oil prices are still erratic. According to a PwC poll of oil and gas sector experts and company executives, both groups are aware that finding investors would be difficult in the future. Though many are making progress, others aren't quite there yet. Oil and gas businesses should keep searching for fresh approaches to up their game in order to regain investor trust and funding.

One Year After Russia-Ukraine War – Ripple Effects of Conflict Reshape Global Energy Scene

A year has passed since the beginning of the Russia-Ukraine conflict with no clue about how and when this crisis may end. The Ukraine crisis has left the world with severe economic pain and a new global energy system.

Petronet Seeks Additional LNG Under Long-Term Qatar Agreement

Petronet, India's largest gas importer, is seeking 1 million tonnes per year in additional liquefied natural gas (LNG) supplies when it renews its long-term deal with Qatar

PM Highlights Importance of Hydrogen Production Strategy

Prime Minister Mostafa Madbouly highlighted the growing importance of the integrated national strategy for hydrogen production during this period as a promising source of energy for the near future.

Cabinet Approves 13 Oil, Gas Draft Agreements

The Cabinet approved 13 draft petroleum commitment agreements for the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies, in preparation for completing legislative procedures to issue proposed laws related to them.

Petroleum Sector Participates in Development Projects in Hagar El Maris Village

The petroleum sector, in cooperation with the Orman Association, implemented several projects to support the neediest and most vulnerable families in the Hagar El Maris village, Luxor Governorate.

El Molla to IOCS: You Have All Gov’t Support to Explore More, Develop More, And Produce More with Less Emissions – An Interview with H.E. Tarek El Molla Minister of Petroleum and Mineral Resources – Arab Republic

We are also working on measures to maximize the utilization of energy resources through the rationalization of consumption and rationalizing the use of energy through proper pricing, in addition to benefiting from technology to raise energy efficiency
raise energy efficiency

To Phase-Out or to Substitute: That Is the Question

Why do oil and gas sources need to be entirely cut out? What consequences could arise from a complete halt of these fossil fuels? Are renewable energy technologies ready to carry this load overnight? Other than the known issue of increasing carbon emissions, the oil and gas industry is starting to feel the heat to reduce the impact on climate change by mitigating their respective carbon dioxide footprint. The global community has not been able to come together to stop using fossil fuels. However, there are a couple of middle-ground solutions: phase-out and/or substitutes.

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