Peak oil, put simply, refers to the point in time when global oil extraction reaches its maximum capacity. After this point, the rate of production enters into terminal, irreversible decline. As a theory, it has generated more controversy than is perhaps appropriate for what remains a logical statement of fact. That is, oil, like any finite resource...
Nuclear power has long been the subject of intense discussion, and ever more so in the wake of meltdowns and accidents. Fears of environmental and health risks have sparked fierce resistance in some quarters against a form of power generation that is cheap, clean and long-lasting after incidents at Chernobyl, Three Mile Island and Fukushima – often...
While Egypt’s proven reserves for oil and gas are expected to continue growing, this increase will likely require moving exploration and production into more costly offshore deepwater blocks. Offshore drilling targets oil and natural gas deposits trapped beneath the ocean floor – or in some cases beneath inland lakes and seas – which are accessed...
With an insatiable demand for power to fuel their economies and few reserves of their own, European countries have been in an increasingly symbiotic relationship with the hydrocarbons giants of the Middle East and North Africa (MENA) region, but this may be set to change as shale gas discoveries in the US shake up energy markets around the world....
The upstream energy sector in Egypt is a tale of two resources: oil exploration and production is proceeding as planned, but the country’s leadership has yet to find the right mix of factors to leverage its natural gas deposits, which are much larger. A growing population and heavily subsidised products have resulted in fast-rising domestic...
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