Advancing in Green Hydrogen
To begin with, because green hydrogen is produced by electrolyzing water with electricity produced from sources of renewable energy like the sun, wind, and hydropower, it is unlike any other clean fuel.
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Is Hydrogen the Economic Remedy for Inflation?
In economics, the laws of supply and demand are two factors that drive price fluctuations and govern market dynamics in any economy around the world, big or small. Scarcity drives prices up while an increase in supply forces prices down.
BAPETCO’s Obaiyed Team Eradicates Waste Burning
Badr El Din Petroleum Company (BAPETCO), under the patronage of Ashraf Abdel Gawad, the company’s Chairman, and Shamrendra Singh, General Manager & Managing Director, has announced the success of the Obaiyed site work team in completely eliminating the process of burning waste and recycling it, in cooperation with the solid waste recycling plant in Marsa Matrouh Governorate.
ADNOC Extends Contract with Vallourec Smart Tubular Solutions for Oil, Gas Fields Development
ADNOC has signed a two-year extension contract with Vallourec Smart Tubular Solutions to supply the complete range of tubes and connections for both conventional and complex applications in onshore and offshore Oil and Gas fields.
Wintershall Dea Makes Gas Discovery in Norway Cuvette Exploration Well
Wintershall Dea and its partners, Petoro and DNO, have made a gas condensate discovery at the Cuvette prospect in the North Sea, with estimated recoverable volumes of 16-38 million barrels of oil equivalent.
Shell to Acquire 100% Shares of Pavilion Energy, Expanding Global LNG Portfolio
Shell’s subsidiary, Eastern Trading Pte. Limited, has signed a deal with Carne Investments Pte. Limited, an indirect wholly owned subsidiary of Temasek to acquire 100% of the shares in Pavilion Energy Pte. Ltd.
Saudi Aramco to Raise $11.2B in Stock Offering
Saudi Arabia is poised to raise more than $11.2 billion, selling about 60% shares in oil giant Aramco to International investors, aiming to bolster funds for the country’s spending plans, according to Bloomberg.
Ad Ports Consortium Signs MoU to Establish Green Methanol Facility in Egypt
ADPORTS, Transmar, and Orascom Construction signed an MoU to develop a green methanol storage and export facility in Egypt. This project aims to supply low-carbon fuel for maritime shipping and potentially establish a global network for clean alternative energy storage.
Madbouly: MoPMR to Settle 20%-25% Arrears in a Week
Prime Minister Mostafa Madbouly instructed Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Finance Mohamed Maait to begin paying 20% to 25% of the Ministry of Petroleum and Mineral Resources' (MoPMR) arrears starting next week, with the late amount being scheduled over a period of time in agreement with foreign partners.
