Oil and Gas Investor


Naomi Sutorius-Lavoie, Adam Pletts

Egypt Oil & Gas 2005 OGI Release

June 05, 2005

By no means the first Middle Eastern country that would spring to mind for its petroleum industry, Egypt is nonetheless a significant player. And although oil production is on the decline, with crude oil falling from a peak of 922,000 barrels per day in 1996 to around 600,000 in 2004, this is overshadowed by the exploitation of sizable gas discoveries. Current estimates are that oil reserves stand at 3.7 billion barrels (27th in world), and gas reserves at 65 trillion cubic feet (23rd in world) and could be as high as 120 trillion cubic feet (tcf). Cumulative gas production to July 2004 stood at 14.6 tcf, and has more than doubled since 1999. These figures underlie the recent dynamics of the Egyptian petroleum industry, which is undergoing a swift change of emphasis from oil to gas.


"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
ENI updates GBR on the progress of its operations across Sub-Saharan Africa.
Grupo Videre looks at the massive LNG developments in Northern Mozambique from the perspective of a service company.


Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."