Features / Overview
Thursday, 24th November 2016
BETTER TOGETHER: Joint Ventures in Oil and Gas
When the first joint venture was formed in Egypt in 1911, the oil and gas industry was in its infancy. Anglo-Egyptian Oilfields Company was a marriage of two private companies: Royal Dutch Shell and British Petroleum (BP).
Saturday, 15th October 2016
A New Dawn in Egypt
By Rand Al-Obaidy & Chris Rachwal, Gaffney, Cline & Associates
Egypt is rich in oil and gas, with proved oil reserves of 3.5 billion barrels and reported gas reserves of 65.2 tcf at the end of 2015 (BP Stats). Egypt benefits from a relatively low cost operating environment and a good geographical location close to different markets.
Thursday, 13th October 2016
OILFIELD SERVICE COMPANIES ADOPT A NEW ROLE
Oil drillers have struck a “Gusher”! This is, however, a gusher they do not want, one of red ink signifying unprofitable budgets. The overproduction of crude oil, along with low price per barrel, has led to less demand for crude, resulting in loss of revenues for oil service companies. The question is, can service companies survive the severe fall in revenues, and still remain healthy enough to perform on future contracts?
Tuesday, 27th September 2016
COMPLEXITIES OF REGULATORY FRAMEWORK ALTERNATIVES
Investments in Egypt’s oil and gas sector have remained fairly weak over the last few years. This reality emerged not only because of the nation’s high political risk and unstable economic situation.
Wednesday, 3rd August 2016
Corporate Social Responsibility Offers Win-Win Scenario
By Gamal Shaban
Corporate Social Responsibility (CSR) has recently turned into a buzz word that is trending among all the savvy oil and gas companies all over the world. These companies are frequently caught publicizing the contributions they make to the economic development of their hosting communities, which focuses on ethical, philanthropic, and environmental practices.
Sunday, 3rd July 2016
UPSTREAM SECTOR’S STRATEGY FOR SURVIVAL
By Basma Mostafa
The entire oil and gas industry was shaken to the core, when oil prices began tumbling in mid 2014 after trading above $100 a barrel, but it was the upstream sector that bore the brunt of the dramatic price drop worst.
Saturday, 2nd July 2016
MIDOR & THARWA UNITED IN PEOPLE DEVELOPMENT
By Nataša Kubíková
Cost reductions in the oil sector seem to hit hardest human resources (HR) departments. In Egypt, this practice is argued by many to be detrimental to the companies themselves. Others point out that this approach may undermine economic prospects of the entire country as the oil and gas sector is strategic for Egypt and forms a core pillar of its future development.
Wednesday, 13th April 2016
The New Age of Zohr
Egypt’s gigantic Zohr field has raised enormous expectations for the future of offshore exploration in the Eastern Mediterranean. As it is one of the largest gas finds in this region, there is no doubt that the country has found itself a goldmine, which has marked a launch of a new age for Egypt’s industry.
Sunday, 13th March 2016
Will Foreign Investments Tip the Scales for Egypt’s Oil Industry?
Five years of political instability and internal struggles have dealt a huge blow to the already fragile Egyptian economy. A reality that manifested itself in the dwindling foreign currency reserves of the Egyptian state, threatening pay debts its capacity to import goods and to foreign partners.
Saturday, 13th February 2016
Egypt Is Not Suffering from $30 Oil. Here Is Why.
Having reduced its foreign arrears from $7b in 2013 to $3b in 2015, discovered the largest Mediterranean natural gas field, and received investment commitments for a combined $24b from BP and Eni, Egypt’s energy sector seems to have a positive outlook, while other neighbors suffer.