Gas Exploration: UK Chariot Company Gets New Moroccan Onshore Licence

UK Chariot Energy Company announced on Monday that it has signed a Petroleum Agreement for a new exploration licence, Loukos Onshore, located onshore Morocco. Under the agreement, Chariot holds 75 % interest in, and operatorship of the Loukos licence sealed in partnership with the Moroccan National Office of Hydrocarbons & Mines (ONHYM) which will hold […]

Libya’s central bank resumes operations after kidnapping of senior employee

Libya’s central bank has resumed normal operation after it was forced to suspend activities due to a kidnapping of one of its senior officials. Head of the bank’s information technology department, Musaab Muslamm was abducted on Sunday by an “unidentified party,” in Tripoli, while other bank employees received threats of similar kidnappings. The Bank resumed […]

Africa needs to invest $9.3bn to expand oil infrastructure — report

With Africa’s aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to a new report by energy company Puma Energy and Africa energy consultancy CITAC. The rapidly growing populations and urbanization trends, which […]