Latest news with #ShellEgypt
TimesLIVE
6 days ago
- Business
- TimesLIVE
Kuwait, Shell to develop gas exploration at Egyptian field
A subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Tuesday a final investment decision with Shell Egypt to develop gas exploration at Egypt's Mina West field, the Kuwaiti state news agency reported. The field is located in the North East El-Amriya block in the Mediterranean Sea.
Zawya
6 days ago
- Business
- Zawya
KUFPEC announces final investment decision with Shell Egypt to develop gas exploration at Mina West field
CAIRO: A subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Tuesday a final investment decision with Shell Egypt to develop gas exploration at Egypt's Mina West field, Kuwaiti state news agency reported. The field is located in the North East El-Amriya block in the Mediterranean Sea. (Reporting by Menna Alaa El-Din and Muhammed Al Gebaly; Editing by Chris Reese)
Daily News Egypt
01-06-2025
- Business
- Daily News Egypt
Shell Egypt honours young innovators, supporting over 1,000 entrepreneurs
Shell Egypt, in collaboration with Flat6Labs Egypt, celebrated the achievements of young Egyptian entrepreneurs at the Intilaaqah Annual Awards Ceremony on 29 May 2024, marking the conclusion of a programme cycle that supported over 1,000 aspiring innovators. The Shell Intilaaqah Egypt Programme, which operated in three Egyptian governorates, empowered 120 teams with essential training and recognised six standout start-ups for their innovative ideas. Throughout this cycle, the programme provided hands-on entrepreneurial training, ideation sessions, and business development support to youth from diverse regions. More than 120 start-up teams benefited from intensive mentorship and capacity-building initiatives, including bootcamps, incubation activities, and matchmaking sessions, which assisted them in refining their business ideas, strengthening their operations, and preparing for investment. Dalia Elgabry, Vice President and Country Chair, Shell Egypt, commented on the programme's impact: 'We are incredibly proud of the tangible impact that Shell Intilaaqah Egypt Programme has achieved this year. At Shell, powering lives means providing energy, while creating opportunities for people to thrive. Our global strategy, Powering Progress, is built on driving sustainable development, supporting local communities, and accelerating human potentials. By nurturing Egypt's young entrepreneurs, we are investing in the country's long-term economic resilience, innovation ecosystem, and inclusive growth. Through this programme, we continue to deliver on our commitment to fostering meaningful opportunities for young people and communities across Egypt.' The programme commenced with a series of bootcamps held in Cairo, Alexandria, and Beheira, complemented by an online bootcamp to enhance accessibility. Participants engaged in intensive sessions focused on developing an entrepreneurial mindset, understanding customer needs through empathy mapping, crafting compelling value propositions, and building robust business models. Following the bootcamps, the Shell Intilaaqah Egypt Programme introduced two dedicated tracks in March 2025: the Best Idea Programme, focused on nurturing early-stage concepts, and the Best Startup Programme, designed to support growth-stage start-ups in enhancing investment readiness and scaling operations. Both tracks concluded with competitive judging days, where six teams were awarded financial prizes to accelerate their business development and growth. The winners of the Best Idea Programme were: Fast octopus BananaMed Gremrem The winners of the Best Startup Programme were: Oz Tech Bekya Pay Croptimus Hany Al Sonbaty, Chairman and Co-Founder of Flat6Labs, remarked: 'The energy, creativity, and determination we witnessed throughout this programme are truly remarkable. Together with Shell Egypt, we have helped build a pipeline of promising young businesses ready to tackle real-world challenges and drive sustainable economic growth in Egypt. It lies at the core of what drives Flat6Labs, in Egypt and abroad, to maintain its commitment to nurturing and scaling the big ideas of tomorrow.' Through initiatives such as the Shell Intilaaqah Egypt Programme, Shell Egypt aims to align with Egypt's Vision 2030 and the United Nations Sustainable Development Goals by investing in youth, innovation, and entrepreneurship. The company's broader Social Investment portfolio, developed in collaboration with national and international partners, underscores its commitment to creating a lasting positive impact across the country.
Zawya
05-03-2025
- Business
- Zawya
Petroleum Minister, Shell discuss boosting gas production in Egypt's Mediterranean operations
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cedric Cremers, Executive President of LNG at Shell, and his delegation on Monday to discuss increasing natural gas production from the company's operations in Egypt's deep-water Mediterranean areas. Discussions also encompassed regional integration plans for developing Cypriot gas discoveries, specifically the Aphrodite field, utilising Egypt's gas sector infrastructure. This follows an agreement signed at the Egypt Energy Show (EGYPES) 2025. Yassin Mohamed, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS); Kelly Howe, Vice President of LNG at Shell; Dalia El Gabry, Country Chair Shell Egypt; and Azza Shalabaya, Head of Corporate Relations at Shell Egypt, also attended the meeting. Shell's ongoing operations and efforts to develop gas resources in the West Nile Delta deep-water areas, including Phases 10 and 11, to enhance natural gas production, were reviewed during the meeting. Badawi commended Shell's commitment to its operations in Egypt, despite existing challenges, as well as its expansion plans and the successful projects implemented, which have added more wells to Egypt's natural gas production map. He also praised Shell's efforts and its strategic partnership with the Egyptian petroleum sector. Badawi emphasised the importance of expediting the inclusion of new wells into Shell's work plan to increase natural gas production. He stated that increasing gas production rates is a priority for the Egyptian economy, as it supports domestic market needs, reduces import bills, and benefits all stakeholders. The minister highlighted the significance of regional integration for developing gas resources from the Cypriot Aphrodite field in collaboration with Chevron and Shell. He reiterated Egypt's continuous cooperation with Cyprus and international companies, following the agreement signed in Cairo during EGYPES 2025. Badawi pointed out the opportunities available for Shell to increase its investments in new areas, citing new investment opportunities offered through the Egypt Upstream Gateway (EUG) for undeveloped fields and exploration areas. He also noted that, in parallel with efforts to increase gas production, there is an integrated approach to the energy sector, in cooperation with the Ministry of Electricity and Renewable Energy, to enhance renewable energy's contribution to power generation. Work is also underway to strengthen electrical interconnection with Saudi Arabia, which is expected to reduce energy import costs, alleviate financial burdens, and increase efficiency across the energy sector, particularly in the petroleum and gas sectors. Cremers expressed his pleasure in visiting Egypt and praised Shell's achievements in the Egyptian natural gas sector. He affirmed Shell's commitment to its investments in Egypt, with an ambitious work agenda. He noted that Phases 10 and 11 projects in the West Nile Delta are key objectives for Shell in Egypt, with the company aiming to integrate them into its production map. Cremers added that Shell aims to expand its operations in the region and accelerate the development and production of the Cypriot Aphrodite natural gas field, in cooperation with Egypt, Cyprus, and the field partners. El Gabry stated that 2025 will see a rise in natural gas production due to the implementation of Phases 10 and 11 projects to increase gas production in the West Nile Delta area. She also noted the ongoing development of the West Mina discovery in the North East El Amriya area in the Mediterranean Sea. The existing partnership between Egypt and Shell in the Idku LNG complex on the Mediterranean Sea was also reviewed during the meeting. In addition, both parties discussed cooperation in energy efficiency, environmental sustainability and carbon reduction.
Daily News Egypt
04-03-2025
- Business
- Daily News Egypt
Petroleum Minister, Shell discuss boosting gas production in Egypt's Mediterranean operations
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cedric Cremers, Executive President of LNG at Shell, and his delegation on Monday to discuss increasing natural gas production from the company's operations in Egypt's deep-water Mediterranean areas. Discussions also encompassed regional integration plans for developing Cypriot gas discoveries, specifically the Aphrodite field, utilising Egypt's gas sector infrastructure. This follows an agreement signed at the Egypt Energy Show (EGYPES) 2025. Yassin Mohamed, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS); Kelly Howe, Vice President of LNG at Shell; Dalia El Gabry, Country Chair Shell Egypt; and Azza Shalabaya, Head of Corporate Relations at Shell Egypt, also attended the meeting. Shell's ongoing operations and efforts to develop gas resources in the West Nile Delta deep-water areas, including Phases 10 and 11, to enhance natural gas production, were reviewed during the meeting. Badawi commended Shell's commitment to its operations in Egypt, despite existing challenges, as well as its expansion plans and the successful projects implemented, which have added more wells to Egypt's natural gas production map. He also praised Shell's efforts and its strategic partnership with the Egyptian petroleum sector. Badawi emphasised the importance of expediting the inclusion of new wells into Shell's work plan to increase natural gas production. He stated that increasing gas production rates is a priority for the Egyptian economy, as it supports domestic market needs, reduces import bills, and benefits all stakeholders. The minister highlighted the significance of regional integration for developing gas resources from the Cypriot Aphrodite field in collaboration with Chevron and Shell. He reiterated Egypt's continuous cooperation with Cyprus and international companies, following the agreement signed in Cairo during EGYPES 2025. Badawi pointed out the opportunities available for Shell to increase its investments in new areas, citing new investment opportunities offered through the Egypt Upstream Gateway (EUG) for undeveloped fields and exploration areas. He also noted that, in parallel with efforts to increase gas production, there is an integrated approach to the energy sector, in cooperation with the Ministry of Electricity and Renewable Energy, to enhance renewable energy's contribution to power generation. Work is also underway to strengthen electrical interconnection with Saudi Arabia, which is expected to reduce energy import costs, alleviate financial burdens, and increase efficiency across the energy sector, particularly in the petroleum and gas sectors. Cremers expressed his pleasure in visiting Egypt and praised Shell's achievements in the Egyptian natural gas sector. He affirmed Shell's commitment to its investments in Egypt, with an ambitious work agenda. He noted that Phases 10 and 11 projects in the West Nile Delta are key objectives for Shell in Egypt, with the company aiming to integrate them into its production map. Cremers added that Shell aims to expand its operations in the region and accelerate the development and production of the Cypriot Aphrodite natural gas field, in cooperation with Egypt, Cyprus, and the field partners. El Gabry stated that 2025 will see a rise in natural gas production due to the implementation of Phases 10 and 11 projects to increase gas production in the West Nile Delta area. She also noted the ongoing development of the West Mina discovery in the North East El Amriya area in the Mediterranean Sea. The existing partnership between Egypt and Shell in the Idku LNG complex on the Mediterranean Sea was also reviewed during the meeting. In addition, both parties discussed cooperation in energy efficiency, environmental sustainability and carbon reduction.
