Neptune Energy Awards Drilling Contract in Germany to KCA Deutag
Neptune Energy has announced a drilling contract has been awarded to KCA Deutag for the Z17 well located in the Adorf carboniferous gas, in northwest Germany.
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Equinor Acquires Development of Two CO2 Storage Facilities
Equinor announced that it has been awarded the operatorships for the development of the CO2 storages Smeaheia in the North Sea and Polaris in the Barents Sea .
Madbouly Witnesses Green Hydrogen, Renewables Cooperation Agreements
Prime Minister Mostafa Madbouly witnessed the signing of a framework agreement for cooperation in renewable energy and green hydrogen projects in a number of African countries.
EPROM Announces 2021 Business Results
The Egyptian Projects Operation & Maintenance Company (EPROM) held a general assembly meeting in order to approve its business results for the year 2021, in the presence of Alaa El Batal, Chairman of the Egyptian General Petroleum Corporation (EGPC), his deputies, and members of the Board of Directors and the Central Auditing Organization.
South Korea to Stop Importing Russian Naphtha
South Korean naphtha cracker operators are willing to stop importing Russian petrochemical products after receiving the last deliveries from existing contracts this month due to its invasion of Ukraine.
El Molla Praises EOG Committee Efforts
Minister of Petroleum and Mineral Resources Tarek El Molla met with Egypt Oil and Gas Committee Executive Board to discuss committee’s plan for 2022. The meeting was held on March 28th, on the sidelines of the “She in Energy” Recognition Ceremony & Dinner.
El Molla Expresses Willingness to Promote Natural Gas Cooperation with France
In Prime Minister Mostafa Madbouly's meeting with Bruno Le Maire, French Minister of Economy, Finance and Economic Revival, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla indicated Egypt's readiness to cooperate with the French side in the area of natural gas.
Impact of the Oil Prices Hike on the Egyptian Economy
The Russian military operation in Ukraine destabilized global oil markets, taking prices to record high. The increasing oil prices are going to affect the Egyptian economy in several ways, either positively or negatively. Some of these effects were immediate while others may arise in the short term.
El Molla Welcomes Wide Participation at COP 27 During IEA Meeting
The Egyptian minister participated in a ministerial discussion session that included energy ministers from 44 countries under the title "The International Energy Agency Community", which was organized by the IEA, welcoming a number of countries to its membership, including Egypt, in the context of discussing intensifying efforts to implement the goals of the energy transition globally.
