During a recent press conference announce the government's vision to deal with the current global economic crisis, Prime Minister Mostafa Madbouly stated that Egypt is on track to becoming a major center for the production of future energy represented by green hydrogen and green ammonia.
Minister of Petroleum and Mineral Resources Tarek El Molla inaugurated the trial operations of the comprehensive development projects in the Egyptian Petroleum Company's (EPC) factories in Alexandria.
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.
Prime Minister Mostafa Madbouly stated that Egypt exports part of the natural gas it produces and receives gas from neighboring countries in order to create an added value for it.
To begin with, the oil and gas sector, like most other sectors, faces challenges with employee retention. Training in the oil and gas sector may be costly, and professionals need years of professional experience. If these experienced individuals depart their companies for any reason, it proves to be hard to replace them.
As the Ukraine crisis is increasing the West’s need for energy from other sources than Russia. Many experts refer to Iranian energy resources as a potential solution to the current energy crisis and a factor that can stabilize the fluctuated oil markets.
The Petroleum Pipelines Company (PPC) has assigned Petrosafe Company for supplying and installing lightning protection systems using “Early Streamer Emission” system at its site in Mostorod.
The Minister of Petroleum and Mineral Resources Tarek El Molla announced that Egypt is currently implementing several projects in order to raise the natural gas grid efficiency with investments exceeds EGP 6 billion.
Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, has signed the Production Sharing Contract (PSC) with Petrobras to acquire 25 % stake of the Atapu field.
Neptune Energy announced that it has discovered oil and gas at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea.
