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IT/OT Convergence Role in Oil & Gas Operational Efficiency

Just as many other industries around the world, the oil and gas industry, has recently passed through several crises, including the consequences of COVID – 19 pandemic, prices fluctuation, and the impact of the Russian–Ukrainian war. Many of these industries resorted to advanced technologies to respond to or mitigate the effects of such crises. The convergence of Information technology and operation technology (IT/OT) has become one of the growing trends in the oil and gas sector in this regard as it can enable businesses to close the gap between traditional systems that support the OT and modern IT layers.

Hedging Out of The Crisis

With the Russia-Ukraine war raging on, economists have been thrown into unchartered waters as the conflict rewrites all the energy market’s financial equations. The war has forced global energy prices to go through the roof, creating one of the most daunting economic crises the world has ever seen. With the world’s economy in flux and gas-starved Europe bracing itself for a long winter, corporate leaders, government officials, and the world’s top experts have been hard at work to implement a strategy that can help navigate the world out of this deep abyss, but crisis management is a complex science with its different opinions and approaches. In the world of energy economics, taking the right measures to counter a negative trend is a key part of mitigating its fallout. And for many economists, hedging does just that.

The Global Energy Crisis: A Game of Policies and Interests in The Middle East

It was not expected that Russia would have the courage to take harsh measures against European countries that oppose its war against Ukraine, especially concerning energy supplies from crude oil and natural gas, as the Russian economy has recently become highly dependent on oil and gas sales. But it seems that the US and Western sanctions against Russia have prompted Russia to take these harsh decisions, which will negatively affect the economies of European countries and the US, as well as the Russian economy.

Fugro’s Seep Hunting: Innovative Method for Economical, Effective Exploration

Fugro’s seep hunting and geochemical campaigns are an innovative method for economical and effective exploration, especially in frontier regions where prospectively is uncertain. Using world-class scientists and research assets, we provide results that exceed those of standard industry geochemical surveys.

Wintershall Dea, NWO to Cooperate on Wintershall Dea’s BlueHyNow Project

On Wintershall Dea's BlueHyNow project, Nord-West Oelleitung (NWO) and Wintershall Dea will collaborate. Wintershall Dea, Europe's largest independent gas and oil producer, is planning a plant to produce large quantities of low-carbon hydrogen from Norwegian natural gas. BlueHyNow is part of the EnergyHub being built in Wilhelmshaven. An MOU was signed between the two companies on 2 August, and a feasibility study will be completed by the end of the year. NWO's Wilhelmshaven site will be explored for the construction of a hydrogen production plant.

UOG Encounters Seven Meters of Net Oil While Drilling AJ-14 in Abu Sennan 

United Oil & Gas (UOG) announced that it has encountered seven meters of net oil pay in the Primary Abu Roash C ("ARC") reservoir while drilling Al Jahraa-14 development well ("AJ-14") in the Abu Sennan licence. 

bp to Invest up to £50 million in New Global Battery Research, Development Center

bp announced plans to invest up to £50 million (about $60 million) in a brand-new, cutting-edge analytical laboratory and electric vehicle (EV) battery testing facility in the UK. The UK's energy system will receive up to £18 billion in new investments from bp by the end of 2030; this additional investment is another another sign of BP's dedication to the nation.

El Molla Reviews Petroleum Achievements At Al Gomhuria Conference

This comes as El Molla reviewed a number of results achieved by the petroleum sector in a speech before the Al Gomhuria Newspaper Conference and Exhibition, entitled 'Egypt El Sisi.. The Road to the New Republic', which is being held under the patronage of Mostafa Madbouly, Prime Minister.

ExxonMobil Egypt Praises Enactus Egypt’s Champion

ExxonMobil Egypt proudly joined the final round of Enactus Egypt’s annual national competition, bringing together 1,200 students. Ain Shams University Enactus team is the national champion of this competition with an innovative project entitled “Crevita”, for the use of crayfish shells in multiple applications, including poultry feed and bio-pesticides, among other uses.

Ministers of Petroleum, Environment Discuss Preparations for COP27 Decarbonization Day

Tarek El Molla, Minister of Petroleum and Mineral Resources, and Yasmine Fouad, Minister of Environment, held a coordination meeting at the headquarters of the Ministry of Petroleum to discuss the preparations for Egypt’s hosting of the COP27 World Climate Summit in Sharm El Sheikh next November.

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