Features / In focus
Monday, 13th February 2017
MARIDIVE GROUP: Endless Sea, Endless Growth
With more than 20 operating marine units currently employed in the Mediterranean Sea and in the Gulf of Suez, Maridive Group counts to the top notch offshore service providers in Egypt. It is also proudly presenting its achievements with the rest of its fleet spread across several continents from the Arabian Gulf and North and West Africa, all the way to Latin America.
Sunday, 15th January 2017
ENERGY IN EGYPT 2017: A YEAR OF TRANSFORMATION?
By Hugh Fraser, Office Managing Partner, Andrews Kurth Middle East
2017 promises to be a year of transformation for the Egypt energy sector. The Minister of Petroleum, Tarek El Molla, speaking at the OTC Conference in Houston in May last year candidly pointed to the challenges the Egyptian Government was facing with IOC debt accumulations, the burden of fuel subsidies and the impact of currency and expatriation of funds concerns among foreign investors.
Thursday, 24th November 2016
THE EGYPTIAN UPSTREAM PETROLEUM SECTOR: LEGAL ANALYSIS OF JOINT OPERATING COMPANIES
Petroleum upstream projects in Egypt are considered a milestone in the growth of the Egyptian national economy and they are the main vehicle through which sustainable development may be achieved in the country.
Tuesday, 27th September 2016
Navigating through Production Sharing, Concession, and Service Agreements
Production Sharing, Concession, and Service Agreements are the three basic types of the contractual arrangements executed in petroleum exploration and production.
Sunday, 21st August 2016
Shell Boosting CSR in Egypt
By Ghada A. Abdallah
For a long time the corporate social responsibility concept was placed in the domain of philanthropy, before it developed to also embrace community development. In Egypt it involves areas such as education, health, safety, environment, and poverty.
Wednesday, 3rd August 2016
Where Environmental CSR and Profitability Intersect
By Salma Essam
The hydrocarbon industry involves intensive activities that have the potential to bring significant environmental transformations. Fossil fuel burning, incidents of oil spills, and the myriad of damages inflicted by the energy sector have long created on and off conflicts between oil companies and local communities.
Sunday, 3rd July 2016
PERPLEXITIES OF DITCHING OFFSHORE PROJECTS
By Salma Essam
Offshore drilling has been full of booms, busts, baulks, and boondoggles. Along with onshore exploration, countries of the Middle East, Africa, North America, and Asia have resorted to drilling in deep waters to boost oil production and to meet domestic as well as international demands.
Monday, 13th June 2016
OPTIMISM IN EGYPT’s INVESTMENT ENVIRONMENT
In the global low oil prices environment, oil and gas companies are facing a decline. Costs for field exploration and development are higher than generated profit. Major oil producing companies in the region are reported to have slashed their budgets by 40% to 50%, and cancelled as much as 50% of their planned operations.
Friday, 13th May 2016
BURNING GAS, BURNING MONEY
For a country that is already juggling several economic problems, the prospect of saving an additional $300m per year is an exciting piece of news. The amount corresponds with annual losses that Egypt suffers from as a result of 2.5bcm of gas being flared in the country every year, according to preliminary findings of a study conducted by the European Bank for Reconstruction and Development (EBRD).
Wednesday, 13th April 2016
Explore or Ignore? Egypt’s Western Mediterranean
The vast wealth of hydrocarbons that lie beneath Egyptian waters in the Mediterranean Sea has recently attracted international attention and possibly provoked envy of some countries. While massive finds in the eastern Mediterranean areas have intensified interest in expanding exploration activities in the region, Egypt’s future may be promising when looking at the country’s northwestern coast as well.