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Arkab Calls on African Countries to Join GECF

During his speech at the Gas Exporting Countries Forum (GECF) , Mohamed Arkab, the Algerian Minister of Energy and Mines, the alternate president of the current session of the forum, congratulated Egypt for hosting the COP 27 summit, wishing for good results that would be reflected in the natural gas industry and achieve the goals of African countries that possess natural resources and need to invest them for the benefit of their people, calling on those countries to join the forum.

Schlumberger Rebrands Itself as SLB to Demonstrate Low-Carbon Commitments

The largest provider of oilfield services in the world Schlumberger has announced that it is rebranding as "SLB" with a new name, color scheme, and logo that emphasizes its goals for a future with less carbon emissions.

PetroTrade Offers New Technologies for Natural Gas Services

As part of the petroleum sector's digitalization strategy, PetroTrade has provided new electronic machines to facilitate all natural gas services which will be available over all the country.

El Molla, Fayad Discuss Arrangements for Natural Gas Delivery to Lebanon

The meeting emphasized Egypt's commitment and readiness to pump natural gas to Lebanon immediately upon completion of the procedures related to the start of exporting Egyptian gas and receiving it in Lebanese territory.

An Interview with David Thomas, Cheiron Chief Executive Officer

I am pleased to say that with the kind support of the Ministry, EGPC, Bapetco, Shell, and Capricorn (our Partner in the acquisition) the transition period was managed very successfully. The highlights included the establishment of a new Cheiron team of secondees within the Bapetco organization (including many ex-Shell employees who we are pleased to welcome to our company); building new relationships with Bapetco and our Partners; achieving alignment on the planned work program; the novation of numerous commercial agreements and; the setting up new financial and management systems.

Unlocking Wealth of Talent and Expertise: An Interview with Alexandra Thomas, Egypt Managing Director at Neptune Energy

Our Neptune Energy portfolio in Egypt includes the Northwest El Amal exploration concession offshore in the Gulf of Suez, which is a 100% Neptune-operated block and where we are preparing to drill our first exploration well, Yakoot-1X. We also hold a non-operated interest in the producing asset, Alam El Shawish South West (AESW) in the western desert.

Adapting to New Oil Market Dynamics

Have oil and gas companies finally been able to profit since the pandemic? The short answer: yes… but this does not come without a handful of complications. To begin with, it has become of high interest to know that, recently, major oil and gas corporations reported multi-billion figure earnings over the course of the 2nd quarter. Simultaneously, worldwide inflation has reached record levels over the course of the last half-century, and downturns are looming. The oil and gas sector's enormous profits are astonishing when juxtaposed with the many homes now having to pay for basic heat, conditioning, and nutritional demands.

The Economics of Egypt’s Petroleum Production Boom

Egypt’s vision of promoting itself as a regional energy trading hub is an initiative that is both inspirational and challenging, but no country with such an ambition can really establish its credentials in the global energy market without flexing the muscles of its own energy sector. Though rich with energy resources, most notably natural gas, Egypt’s role as a force within the energy market was not up to its full potential decades ago. But that reality is quickly changing with effective economic policies that have sought to boost production, not only to ensure that the needs of the local market are fully satisfied but to secure Egypt’s place in the global economy as an attractive source of energy supplies for export.

Wintershall Dea, EGAS Sign Letter of Intent to Reduce Greenhouse Gas Emissions

To underline this commitment, Sameh Sabry as Senior Vice President and Managing Director Wintershall Dea Egypt, signed a letter of intent with Magdy Galal in his capacity as Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), to significantly reduce operational greenhouse gas emissions at the Disouq concession.

Petrofac Wins Well Management Services Contract by Dana

Dana Petroleum has chosen Petrofac to supply well management services for all of its assets operating in the UK North Sea. These include the FPSO (Floating Production Storage and Offloading) boats in the North Sea, Triton and Western Isles.

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