Issue: December 2014

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COVER

  • EGYPT SITS ON MORE THAN 14 TCF OF STRANDED GAS RESERVES

    Industry Leaders Discuss Challenges and Potential at the First Stranded Gas Roundtable
    In Uptown Cairo on November 19, Egypt Oil & Gas held a roundtable to discuss the vast reserves of stranded gas in Egypt under the patronage of HE Eng. Sherif Ismail Minister of Petroleum. The event gathered industry leaders from the government and its foreign partners – representing the most promi- nent players and operators in the oil and gas sec- tor in Egypt. The roundtable was chaired by EGAS Vice Chairmen Geol. Mahfouz El Bony; its partic- ipants included the former Minister of Petroleum Eng. Abdallah Ghorab, EGAS Vice Chairman Eng. Osama Elbakly, Apache Vice President Thomas Maher, Country Manager of KUFPEC Egypt Mo- hamed Al Ajeel, Country Manager of Sea Dragon Ahmed Moaaz, and Egypt newcomer Aidan Mur- phy, the Country Chairman and Managing Director for Shell Egypt.

INSIDE ISSUE

  • New Technologies

    The pace of change in the oil and gas industry has been remarkable. Rapid industrialization over the past two decades has increased consumption of oil and gas, while technology has made meeting that demand possible. The expanding world population and chang- ing lifestyles means that the pressure to increase gas and oil production will never end.

  • BG Egypt Through the Eyes of Mr. Arshad Sufi President of BG

    I have 32 years’ experience in the oil and gas industry. I have a doctorate in petroleum en- gineering from Stanford University in the US, and I started my career in the US as well. I’ve been all around the world, joining BG in 2000. While I’ve lived in a lot of different places, Egypt is like my second home – I have lived here over 12 years. In fact, I first joined BG in Egypt. At that stage we were doing a lot of major developments, and BG had not yet produced any gas. By 2005, we were by far the leading gas producer in the country. This is something BG prides itself on—very rapid development and implementation, which has been the hallmark of our stay in Egypt.

  • Interview With Mr. Mark Fenton, General Manager of Dana Gas

    We managed to increase production targets of 2013 and we shall meet 2014 targets. The cash liquidity problem affects long-term growth plans. The total receivables balance as of mid-November 2014 is $277 million.

  • Offshore Oil and Gas Boom: A Brighter Future for the Mediterranean

    When we think of offshore energy, we usually think of places like the North Sea or the Gulf of Mexico. The Mediterranean is a relative latecomer, driven by the need to develop more energy to drive developing economies and increasing populations. Many countries that border the Mediterranean such as Libya, Algeria, and Egypt already have established onshore energy economies, while recent offshore gas finds in Israel and Cyprus have redoubled attention to its vast hydrocarbon resources

  • Universal Periodic Review: Egypt’s Human Rights Record Under the Spotlight

    On 5 November the stage was set for a public accounting of Egypt’s human rights record at the United Nation’s (UN) Universal Periodic Review (UPR); a mechanism that examines UN member states every four years. Egypt’s last review was in 2010, before the uprising that toppled former president Hosni Mubarak.

  • The Beginning

    At the end of the 20th century, Seaharvest Oil and Gas Services was established. Its first line of work was mainly in solid control and waste management. Then, at the start of the new millennia, gained an agency contract with Baker Bits. Starting off with little resources, Seaharvest Oil and Gas Services was able to open up a branch in Algeria offering all the services that Baker Hughes offers.

  • Pan Marine Group

    Pan Marine Group is your Egyptian diversified and independent group. Our organization has been doing business for over than thirty years, and we are proud of our past success and continue to strive into the future. We provide an efficient and trustworthy service supported by our branches covering all over Egypt, guaranteed by quality management systems ISO certificated 9001, ISO 14001 and OHAS 18001 by BUREAU VERITAS.