Issue: October 2013

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INSIDE ISSUE

  • Insurgency in Sinai and Suez: Threats to the Oil and Gas Sector?

    Since the ouster of Morsi much of Egypt has been in a state of fluctuation. In the realm of oil and gas, the past summer has witnessed a few signs of concern. In July a consortium of Indian companies declined to sign a production sharing agreement for previously awarded concession blocks.

  • The Impact of Gulf Aid on Egypt’s Economy

    The unrest following the removal of Former President Mohamed Morsi has heightened the post-revolution impact that declining tourism revenue and decreasing foreign investment have had upon Egypt's economy. In the wake of Morsi's ouster, and sensing both Egyptian need along with a broader political or economic opportunity, three Gulf countries pledged billions of dollars in aid.

  • The Redefining of the Muslim Brotherhood

    The election of the Muslim Brotherhood's candidate, Mohamed Morsi, as the president of Egypt seemed to signal a promising future for an organization that was banned for the nearly six decades leading up to the January 25th Revolution.

  • Implications of Apache’s Asset Sale

    Apache, one of the largest oil producers and US investors in Egypt, recently announced that it has sold a 33 percent minority interest in its Egypt operations to China's state-owned petroleum company Sinopec International Exploration and Production Corporation. This caused some to wonder if this is the first sign of oil and gas companies fleeing Egypt due to political turmoil. Optimistically however, the deal may actually mark another trend, China's growing influence in Egypt's energy sector.

  • Revitalizing a Brownfield: Kuwait Energy’s Area A

    This month Egypt Oil & Gas had the opportunity to visit Kuwait Energy's Area A concession located in the Eastern Desert. Accompanied by President of Kuwait Energy Egypt Harry Saul and Vice President of Operations Kamel Al-Sawi, we had the pleasure of touring a portion of Area A's Shukheir field along with Gamal Afifi the Assistant Field Superintendent, Hamid Fathy the HSSE Manager and Eng. Amr Abd Elrahman.

  • Fugro SAE Integrated GIS System for Offshore and Onshore Visualised Data Presentation

  • PICO Sponsors Ain Shams University Racing Team

    PICO actively supports numerous activities as part of its commitment to corporate social responsibility. In order to promote education and young people in Egypt, PICO recently sponsored the Racing Team from Ain Shams University. The team will participate in several prestigious international competitions in car manufacturing and racing.

  • Monthly News

    News of the month, know more about the recent activities this industry has shown during September 2013.