Modern Gas Brings Natural Gas to El-Qal’a Village As Part of Haya Karima Initiative
Modern Gas lit the first natural gas flame for the first housing unit in El-Qal'a Village, located in Abu Tesht city in the Qena Governorate.
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ExxonMobil Shares Its Strategy to Grow Shareholder Value
By delivering solutions that help meet global energy needs and reduce greenhouse gas emissions, ExxonMobil plans to grow shareholder value. At the annual meeting of shareholders, Darren Woods, chairman and chief executive officer, explained how the company's strategy leverages its strengths and competitive advantages
Equinor Cancels All Joint Ventures in Russia
Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.
Petrofac to Support a Pioneering Geothermal Study
In a first-of-its-kind geothermal study, Petrofac, a leading international energy services provider, will assist CeraPhi Energy with their advanced closed loop system for repurposing oil and gas wells as geothermal energy sources.
The Inevitability of Energy Transition
Though energy transition may be perceived as a modern trend, it is as old as humanity itself. Human history can in a sense be thought of as a chain of energy transitions.
Aramco’s Q1 Net Income Shoots Up 82% YoY Amid Skyrocketing Oil Prices
Saudi Aramco's net income soared by 82% year-on-year (YoY) in the first quarter of the year, as the group took advantage of the volatility in global energy markets and surging oil prices after Russia invaded Ukraine.
Capacity Building Gains More Momentum in Egyptian Oil & Gas Sector
Capacity building as well as developing effective and efficient human resources were on top of Egypt’s agenda while preparing for vision 2030. In this regard, the Egyptian government is undertaking a series of investments, capacity building, and training programs which were closely followed up by the political leadership.
bp Reports Robust Q1 Performance Despite Russia Withdrawal
The Q1 2022 report from bp also indicated a replacement cost profit of $6.2 billion, up from $4.1 billion in the previous quarter. This was due to excellent oil and gas trading, greater oil realizations, and a superior refining result, partially offset by the absence of Rosneft from the underlying result in the first quarter.
Egypt Converts 9,000 Vehicles to Run on Natural Gas in April
Around 150 gas fueling stations are entering service, El Molla noted, adding that the spread of stations in various regions encourages and motivates citizens to use natural gas as a fuel for cars.
El Molla Follows Up on Latest Petrochemical Sector Developments
The Minister of Petroleum and Mineral Resources Tarek El Molla confirmed that the petrochemical sector targets an ambitious vision aims to support the industry during the coming period as an added value industry which positively reflects on the Egyptian economy.
