Features / Overview
Sunday, 15th January 2017
RATIONALE BEHIND OIL&GAS SECTOR IMPROVEMENTS
By Nataša Kubíková
Months of diagnostic analyses, weeks of assessment sessions, hours of interviews, thousands of survey data, hundreds of verification calculations, and dozens of townhall meetings mark the launch of an overhaul Modernization Program starting in 2017 that the Egyptian oil and gas industry has embarked upon for the next three to five years at an average investment of $30 to $40 million.
Sunday, 18th December 2016
BRIDGING THE GAP: Oil & Gas Industry Tackles Skills Shortage
Human capital is a vital component in determining socio-economic development in any country. Enhancing human capacities within any business is, therefore, crucial. This is particularly true of the energy sectors in the Middle East where oil and gas are the key to sustaining economic growth and bettering the general standard of living.
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.