Country: Egypt

Demonstrating a firm commitment to Egypt’s Nationally Determined Contributions and its ambitious target of reducing greenhouse gas emissions by 65% by 2030, the Egyptian Ministry of Petroleum and Mineral Resources announces the launch of the region’s first CLIMATECH Challenge at the seventh edition of the Egypt Energy Show (EGYPES), taking place in Cairo from 19-21 February 2024. The CLIMATECH Challenge serves as a global platform for start-ups to pitch their technological solutions and business models before a panel of influential selection committee members, spotlighting pioneering start-ups with cutting-edge solutions to expedite the energy transition and amplify the role of undiscovered energy innovators in advancing global net-zero targets. Featuring a rich programme of keynote speeches, motivational talks, and panel discussions, the CLIMATECH Challenge will gather global energy industry visionaries, investors, change-makers, and emerging start-ups to showcase their critical innovations and groundbreaking climate technologies. HE Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, commented on the launch of the initiative, stating, “Egypt is accelerating its energy diversification and decarbonisation endeavours in line with Egypt Vision 2030. The world is currently witnessing unparalleled innovation paving the way for a low-carbon future, and we believe start-ups are the trailblazers leading this charge. Through the EGYPES 2024 CLIMATECH Challenge, we aspire to amplify the role of undiscovered energy innovators and shine the spotlight on their contributions in our shared journey towards a more sustainable, net-zero future.” No doubt that,  entries from start-ups worldwide are welcomed , serving the energy transition with modern technologies that are addressing climate change and supporting the shift to clean and sustainable energy sources, including but not limited to decarbonisation, CCUS, hydrogen, circular economy, energy storage and energy efficiency. The application deadline is set for Friday 24th November 2023. For more information about the CLIMATECH Challenge or to submit your entry as a participating start-up, visit www.egypes.com/climatech-challenge.

The following is submitted by dmg Events and published by Hawilti Ltd In line with Egypt’s ambition to be a global energy trading hub and its target to reduce 10% greenhouse gas emissions by 2030, the seventh edition of the Egypt Energy Show (EGYPES) is set to introduce the CLIMATECH Challenge, an initiative that is a collective response to climate change, featuring start-ups that are creating value and offering innovative solutions to accelerate net-zero greenhouse gas emissions. Taking place on Wednesday 14th February 2024, as part of the EGYPES Future Energy Zone, the CLIMATECH Challenge will serve as a platform for start-ups to showcase their groundbreaking climate technology and business models in front of a panel of influential judging committee members comprising investors, c-level executives, top government officials, thought leaders and an audience of senior energy executives. The Challenge will bring together energy industry visionaries, investors, and disruptive start-ups, with the aim of highlighting the emerging climate technology that will enable the transition towards a low-carbon energy system. In addition to start-up pitches, attendees can expect a well-curated lineup of keynote speeches, motivational talks, and interactive panel discussions, all tailored to nurture the rise of climate-tech ventures in a collective response to combat climate change. Commenting on the launch of the event, Salman Abou Hamzeh, Senior Vice President of DMG Events, stated, “We stand at a critical juncture in the current energy landscape where innovation and climate-centric technologies hold the key to a decarbonised future, and start-ups have a pivotal role in guiding us through this transformation.” He added, “The EGYPES 2024 CLIMATECH Challenge provides the opportunity for start-ups to present their innovative technological solutions before an influential judging committee, propelling their business growth and positioning them as catalysts in the journey towards net-zero.” The CLIMATECH Challenge is open to start-ups worldwide that are serving the energy transition with clean energy technologies. Five businesses will be chosen from the initial pool of applicants and invited to pitch to a jury of industry leaders. Start-ups will be evaluated on the innovation of their climate tech, the potential market size and growth prospects, their scalability and revenue generating avenues, the composition of their team, as well as their investment potential. The judges will determine the first-place winner of the CLIMATECH Challenge, while the audience will decide the second-place winner, known as the ‘people’s choice’ award. The winning startup will receive a prize to support the growth of their business. Furthermore, the Challenge offers an unparalleled opportunity to provide the shortlisted start-ups with post-event mentorship, unrivalled networking opportunities, and extensive media coverage. The EGYPES 2024 CLIMATECH Challenge welcomes disruptive startups to propose their inventions and climate technologies for a greener tomorrow. Submit your application to enter the competition here: www.egypes.com/climatechallenge For sponsorship opportunities related to the EGYPES 2024 CLIMATECH Challenge, contact Sangeeta Dhanak, Event Manager, EGYPES 2024 at sangeetadhanak@dmgevents.com

With the global energy transition underway, the 6th edition of the Egypt Petroleum Show (EGYPS) returns to Cairo from 13-15 February 2023 at the Egypt International Exhibition Center to propel the dialogue on energy security and climate action through collaborative industry efforts. Taking place under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt and with support of the Ministry of Petroleum and Mineral Resources, EGYPS 2023 brings an expanded agenda across its conferences with focused programmes covering Strategic, Technical, Finance and Investment in Energy, Equality in Energy, and Sustainability in Energy topics. More than 65-panel discussions, two thousand delegates, and over 260 speakers will convene, engage in dialogue, and identify solutions and strategies that will support the reshaping of global energy markets across the entire oil, gas and energy value chain. The two-day Strategic Conference features ministers, C-suite executives, and CEOs of the largest energy companies to share industry insights within the framework of 3 pillars: geopolitical and global economies, energy transition and energy solutions, and the next generation of oil, gas and energy ecosystems. The conference will address the growing importance of North Africa and the Mediterranean in supporting sustainable global energy supply and demand. Ministerial-led discussions include the participation of His Excellency Tarek El Molla, Minister of Petroleum and Mineral Resources, Arab Republic of Egypt;  Commissioner for Energy at the European Union, Kadri Simson; Chairman of the Palestinian Energy & Natural Resources Authority, Zafer Milhem; Equatorial Guinea’s Minister of Mines and Hydrocarbons and incoming OPEC 2023 President, Gabriel Mbaga Obiang Lima; OPEC Secretary General, Haitham Al Ghais; OAPEC Secretary General, Ali Sabt BenSabt; General Director of Observatoire Méditerranéen de l’Energie (OME), Dr. Houda Ben Jannet Allal; Chairman and CEO of Baker Hughes, Lorenzo Simonelli; CEO of Wintershall Dea, Mario Mehren; President and CEO of Axens, Jean Sentenac; CEO of AspenTech, Antonio Pietri; CEO of DESFA, Maria, Rita Galli; CEO of Saipem, Alessandro Puliti; CEO of Energean, Mathios Rigas; CEO of Capricorn Energy, Simon Thomson; CEO of Methanex, Rich Sumner; CEO of HELLENiQ ENERGY, Andreas Shiamishis; CEO of ThyssenKrupp, Dr. Cord Landsmann; Executive President, UEG and CEO of Kuwait Energy, Song Yu; Vice President of Global Exploration at ExxonMobil, John Ardill; Minister of Energy and Natural Resources of Republic of Djibouti, His Excellency Honourable Yonis Ali Guedi; Minister of Petroleum and Energies, Senegal, Her Excellency Dr Aissatou Sophie Gladima; CEO of Sonatrach, Toufik Hakkar; Secretary General of Union for the Mediterranean (UfM), Nasser Kamel; and President, Energy of Bechtel, Paul Marsden. The Finance and Investment in Energy Conference returns, bringing global investors, industry leaders, and financial and economic experts. The conference will address stimulating industry growth and transformation.  Panelists will examine forward-looking partnership models for the new energy investment landscape, balancing ESG with energy security and net-zero targets.  Plus, a look at the implications of the Russia-Ukraine conflict on oil and gas investment markets.  To date, confirmed speakers include President of MEDREG, Abdellatif Bardach; CEO and Head of E&P Business Unit at Hellenic Petroleum Upstream, Anastasios Vlassopoulos; CFO of Dragon Oil, Ahmad Ali BinObood; Executive Director and Chief Investment Officer of Africa Finance Corporation, Sameh Shenouda; Vice President and Group Chief Financial Officer of Elsewedy Electric Group, Sherif El Zeiny; Managing Director – Africa Energy Investments Corporation, African Petroleum Producers’ Organization (APPO), Zakaria Dosso; and Director of Exploration and Research Innovations, National Authority of Petroleum and Minerals (ANPM), Mateus da Costa. The Equality in Energy Conference hosts a full day of sessions defining the workforce and workplace of the future, championing equality, diversity and inclusion.  Organisational change management and inclusion and diversity specialists to lead the conversation on how the industry is creating equal, diverse and inclusive workforces and workplaces of the future to deliver sustainable low-carbon business models. To date, confirmed speakers include Chief Human Resources Officer of Thyssenkrupp Industrial Solutions AG, Walter Schön; Chief Sustainability Officer of Elsewedy Electric, Manal Hassan; Group Director of Energy Policy and International Affairs, Hellenic Petroleum, Liana Gouta; Executive Vice President, People, Communications & Transformation at Baker Hughes, Deanna Jones; Senior Vice President Oman, UAE, Iraq and North Africa at Worley, Amru Alabidi; Vice President, Human Resources of Apache, Brandy Jones; President, Automation Solutions, Middle East & Africa (MEA) at Emerson, Vidya Ramnath; and Vice President, Customer Satisfaction & Quality of Schneider Electric, Manal Messiha. With an ever-increasing focus on sustainability, EGYPS 2023 hosts its Sustainability in Energy Conference with an agenda set to address the rise of CSR, ESG and HSE across the industry.  Bringing together global energy leaders, sustainability and HSE experts to explore how oil and gas operators are integrating sustainability practices into their business models and workplaces ensuring a positive impact on the planet, their employees, and the communities in which they operate.  To date, confirmed speakers include Chief Sustainability Officer of Baker Hughes Allyson Book; Vice President of Environment, Health and Safety at Apache, Jessica Jackson; COO of Capricorn Energy, Paul Mayland; Group Senior Vice President Sector Lead Upstream, Midstream, LNG at Worley, Jim Lenton; and Vice President Socioeconomic Development at TotalEnergies, Laila Chemane-Chilemba. Spanning the entire oil, gas and energy value chain, the EGYPS Technical Conference has been created from a global industry-wide call for papers campaign featuring 19 technical categories and a thorough two-stage Technical Committee review, comprising over 80 industry specialists.  Across the three days of EGYPS, over 180 technical experts will be speaking in 45 sessions, delivering insights on the latest technical excellence across the world. Driving excellence across the industry, EGYPS 2023 will host two Awards Ceremonies.  Having received an exceptional mix of global and regional entries across eight categories, the Awards Juries selected 30 finalists through a two-stage evaluation process.  In celebrating both winners and finalists, the Sustainability in Energy Awards Ceremony will take place on Tuesday 14 February and the Equality in Energy Awards Ceremony on Wednesday 15 February 2023.  See the category finalists on www.egyps.com

AMEA Power, a Dubai-based developer, owner and operator of green energy projects, has developed a strong appetite for Africa over recent years. The company already built West Africa’s biggest solar plant, a 50 MW PV facility in Blitta, Togo. Its commissioned and under-construction solar projects total some 130 MW, spread between Morocco, Burkina Faso, Togo, and Uganda. The company has now embarked on a significant scaling up of its renewable energy capacity on the continent via new solar, wind, and hydrogen projects. Its has a pipeline of over 1 GW of solar PV projects in various stages of development in Morocco, Tunisia, Egypt, Mali, Chad, Gabon, Angola, and Djibouti. In November 2022, it also signed an MoU for a new 50 MW facility in Malawi, and announced in January 2023 the signing of a concession agreement and 25-year power purchase agreement (PPA) for a new 50 MW solar PV project in Côte d’Ivoire. Its African portfolio is also on the verge of diversification, with wind projects of some 950 MW in total being developed in Morocco, Egypt, Ethiopia, and Kenya. Last but not least, AMEA Power intends to leverage on Africa’s significant renewable energy potential to produce green hydrogen. It has currently selected Morocco, Egypt, Ethiopia, and Angola for up to 3.5 GW of green hydrogen projects that could be approved over the coming years.  

Globeleq has announced today the signing of a Memorandum of Understanding with Egypt’s New and Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for Investment and Development (TSFE), and the Egyptian Electricity Transmission Company (EETC), to jointly develop a large-scale green hydrogen facility within the Suez Canal Economic Zone. The project will be developed in three phases totalling 3.6 GW of eletrolysers and 9 GW of solar PV and wind power generation. Globeleq will act as lead developer and investor and start with an initial pilot phase relying on a 100 MW electrolyser and focusing on green ammonia fertilizers. Egypt’s vast solar and wind resources have already attracted global investors into some of the world’s largest green energy projects there, including the Benban Solar Park. Earlier this year, Scatec had also signed a Memorandum of Understanding with the General Authority for Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA), to jointly develop a green ammonia facility with a production capacity of one million tonnes per year, with a potential for an expansion to three million tonnes annually.

Shell’s production of liquids and natural gas in Africa has been halved in only two years. The major closed 2021 with a liquids production of only 89,000 barrels per day (bpd) from the continent, compared with 183,000 bpd at the start of 2020. Similarly, its African production of natural gas was down to 448 MMscfd in Q4 2021 compared with 784 MMscfd in Q1 2020. Source: Shell quarterly earning results A Focus on African Offshore Only The data represents output volumes for both Nigeria and Egypt, where Shell is currently rationalizing its portfolio. In Egypt, it sold its onshore upstream assets in the Western Desert to a consortium of Cheiron Petroleum Corp. and Cairn Energy in September 2021 for $646m. Meanwhile, it also recently acquired seven new offshore concessions in the West Mediterranean, the Red Sea and the West Nile Delta. Shell’s strategy to exit onshore assets and focus on offshore projects also applies to Nigeria. The company is currently selling its 30% interest in the Shell Petroleum Development Co. joint-venture (SPDC JV). The JV still operates as many as 19 onshore and shallow-water licences, where Shell’s interest represented 60,000 barrels per day (bpd) of liquids and 484MMscfd of gas at the end of 2020. A Decreasing Pipeline of pre-FID African Projects Moving forward, Shell will be focusing only on African LNG projects or deep-water development projects with attractive economics. And their number is limited. In Nigeria, it holds a 26% interest in Nigeria LNG where the already delayed Train 7 project will be adding another 7.6 million tonnes per annum (mtpa) of liquefaction capacity to the Bonny Island LNG export terminal. Related to Train 7 is Shell’s HI Development on OML 144 where it has a 40% interest. HI is expected to produce 75,000 barrels of oil equivalent per day (boepd) and be a major supplier of feedstock to Train 7 once commissioned in the middle of this decade. Finally, Shell confirmed once again in its Q4 2021 earnings results that it continues to explore a few pre-FID options for the further development of its deep-water Bonga asset on OML 118. The PSC for the block was renewed in 2021. As a result, the major continues to study the Bonga Main Life Extension & Upgrade project with a projected peak production of 60,000 boepd and the Bonga North Tranche 1 subsea tie-back project with a projected peak production of 120,000 boepd. Both projects remain attractive because of their ability to add significant production volumes from the existing Bonga FPSO. However, the Bonga South-West/Aparo project, which plans to utilise a brand new FPSO with a capacity of 150,000 bopd, is delayed. Shell recently put the bidding process on hold for the project. While it continues to accept open bids, the major has declared it would not be proceeding with the development in the immediate future.