Issue: November 2015

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COVER

  • POLITICS, SUBSIDIES AND GAS: A DIPLOMATIC OPINION

    It is often said that politics and the economy are two sides of the same coin. With a clear focus on energy, Egypt Oil & Gas sat down with one of Egypt’s leading political minds, Amre Moussa, to explore the other side of the Egyptian coin.

INSIDE ISSUE

  • ARCTIC SEA ENERGY: a Dream or a Nightmare?

    Laying beneath the approximately 15,558,000 square kilometers of frozen Arctic Sea is 30% of the planet’s undiscovered natural gas reserves and 13% of its undiscovered oil, according to US Geological Survey.

  • BRIDGING THE GAP: 2015 ANNUAL GLOBAL WORKING CAPITAL SURVEY OF THE OIL & GAS SECTOR

    The oil and gas industry is currently facing tough challenges following the fall in oil prices that commenced in the second half of 2014. With no expectations of a price rebound, exploration and production (E&P) companies in the sector are being forced to re-evaluate major capex projects, and implement long term cost reduction strategies as they get used to a life of lower prices for longer that expected. Meanwhile oil field service companies (OFS) are beginning to feel the margin pressure passed down from E&P companies implementing cost reduction strategies.

  • MODELS FOR EGYPT: SEISMIC DATA AS A PUBLIC GOOD

    In February of 2015 we posed the question on the Egypt Oil & Gas website whether Data Packages for new bid rounds should be free, with these answer categories – Disagree, Agree, and Strongly Agree. The results have come in: 64, 109, 74. The majority agreed with our proposal while those who disagree were still outnumbered by those who strongly agree!

  • EGYPT’S IMPORT SOLUTION: FSRUs

    The age of natural gas has come. Once considered a useless byproduct of drilling, natural gas was burned off during the course of oil production. But as oil has become scarcer and more difficult to access, natural gas has skyrocketed in value. Prized for its easy extraction, simple carbon structure, and clean-burning emissions, natural gas has become a natural choice.