Risk | Egypt Oil & Gas

IEA Urges Restoration of Strait of Hormuz Oil Flows to Safeguard Energy Security

The International Energy Agency (IEA) Executive Director Fatih Birol warned that global energy security could face growing risks if the US and Iran fail to restore oil flows through the Strait of Hormuz in the coming ...

Shell’s Global LNG Plans Hit Pipeline Snag in Nigeria

Royal Dutch Shell announced on Friday that gas supplies to Nigeria’s LNG export terminal on Bonny Island had suffered a reduction thanks to the shutdown of a major oil pipeline in the country, reported Reuters. ...

Egypt’s Renewable Sector Held Back by Currency Instability

Egypt’s ministry of electricity and renewable energy and the Middle East Solar Industry Association (Mesia) sponsored a two-day roadshow in Cairo, which kicked off yesterday, to bring together international investors....

Honeywell Launches New Risk Assessment System for Refineries, Power Plants

Honeywell Process Solutions (HPS) has launched the first digital dashboard designed to proactively monitor, measure and manage cyber security risk for control systems for refineries, power plants and other automated p...

Canadian Banks Liable to US Shale Producers After Plunging Oil Prices

Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against plunging crude prices. Bank of Montreal, Canadian Imperial Bank of Comm...

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