First Independent Mena Newspaper
Sound Energy confirmed gas discoveries while drilling its third TE-8 gas well in the Tendrara license area in eastern Morocco. The news comes after the company announced recent success at the company’s first two Tendrara wells (TE-6 and TE-7). The UK-based company said that gas has been discovered at a depth of 2,643 in the […]
Russia’s oil firm Rosneft has signed cooperation framework agreement with Libya’s National Oil Corporation (NOC) opening the door wide to Russian investments as Moscow deepens its foray into the chaotic North African country. The agreement signed between Rosneft’s Igor Sechin and NOC’s Mustafa Sanalla in London on Monday allows the Russian company to explore Libya’s […]
Chariot Oil & Gas announced that it received a 75% stake of the Kenitra offshore exploration permit which together with the neighboring offshore exploration in Mohammedia could contain more than 1 billion barrel. The UK company said its subsidiary Chariot Oil & Gas Investment (Morocco) will carry out the exploration in partnership with Morocco’s Office […]
Qatar Petroleum (QP) said it will lead exploration projects of oil and gas in Morocco and Cyprus as it seeks to compensate for sluggish growth at home by expanding its liquefied natural gas (LNG) assets abroad. “You will see us going internationally with some of the partners we have in Qatar, this year and next […]
The sector of renewable energy could enable Morocco to create up to half a million jobs by 2040, according to a report issued by Mediterranean Forum of Institute of Economic Sciences. Most of these jobs are expected to be created from the Noor-Ouarzazate solar complex, which will host a number of projects based on different […]
Sound Energy has stricken a deal to acquire all of Oil & Gas Investment Fund’s (OGIF) assets in Eastern Morocco – that includes 20% Tendrara, 75% of the Meridja project and a 75% stake in acreage close to Tendrara. Sound Energy will thus acquire the OGIF’s hydrocarbon assets in eastern Morocco in exchange for 272m […]
Italy’s Enel Green Power (EGP) said it launched a green bond totalling $1.2 billion to fund its green projects, notably the 850MW wind energy projects in Morocco, local media said. The Italian energy giant said in a statement that the green bond would help fund renewable energy projects covering the development, construction and repowering of […]
Morocco’s Electricity Utility (ONEE) selected two British firms as technical and financial advisors for its gas to power project. The London-based law firm Ashurst has been selected under a contract worth €1.9 million, while the Emirati branch of the British bank HSBC won a legal contract standing at $7.2 million. The gas to power project […]
Nigeria is poised to partner with Morocco to boost its energy security through developing solar energy, said Nigerian Today paper. “Nigeria is pursuing international partnership with Morocco to create collaborative platform for increased deployment of solar energy technologies to enhance security and sustainable development,” said the Nigerian paper. Today quotes Nigeria’s environment minister, Amina Mohammed […]
The gas pipeline agreement that will link Nigeria’s gas wells to Morocco is conducive to reaching energy independence in the whole West African region, Morocco’s Royal Office said in a statement. The statement was issued following a meeting held in Casablanca on Tuesday under the chairmanship of King Mohammed VI. The meeting that was attended […]