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 has said that it has redeemed in full its US dollar-denominated senior unsecured bonds (Exchangeable Bonds) in ADNOC Distribution, maintaining a stable shareholding level in ADNOC Distribution following maturity of the Exchangeable Bonds.
During its plenary session on June 2nd, held under the chairmanship of Counselor Ahmed Saad, First Deputy Speaker of the Egyptian. House of Representatives, the House of Representatives approved a number of draft laws authorizing the Minister of Petroleum and Mineral Resources to search for oil in a number of places.
ExxonMobil Egypt, in cooperation with the Ministry of Petroleum and Mineral Resources (MoPMR), the Egyptian General Petroleum Corporation (EGPC), and the owners and operators of gas stations bearing the “Mobil” brand, has hosted a conference on digital transformation in the petroleum sector and the efforts made towards implementing sustainable energy solutions. The conference activities focused on discussing advanced technological systems and strategies that pave the way for more efficient and sustainable energy industries in Egypt.
Rosetta for Energy Solutions, a subsidiary of TAQA Arabia specializing in investment, development, and operation of LNG value chains, has announced the signing of a memorandum of understanding (MoU) with Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, specialized in developing, managing, and operating state-of-the-art industrial cities.
ExxonMobil Egypt’s loyalty program – Mobilawy - won Best B2B program at the 2024 International Loyalty Awards conference held in Dubai, U.A.E. The program is designed and managed in collaboration with Dsquares – a tech savvy loyalty solution provider, who have been working on it since its birth in 2020.
bp and US shale producer EOG Resources are in talks to cooperate on developing a natural gas field located offshore Trinidad and Tobago, according to Reuters.
Capacity building is a critical component for introducing many different innovations and is an essential prerequisite for introducing a digital infrastructure to any properly functioning economic system, most notably the oil and gas sector. Though experts agree that digitalization to ensure the oil and gas market’s competitiveness within the global economy, funding and investing in the necessary capacity-building initiatives to enable digital transformation is a detail that is often overlooked.
ADNOC has acquired 10% of Portuguese oil and natural gas company, Galp’s interest in the Area 4 concession of the Rovuma basin in Mozambique, granting the UAE company a share of the liquefied natural gas (LNG) production from the concession, which has a combined production capacity exceeding 25 million tons per annum (mtpa).
