First Independent Mena Newspaper
ADX Energy is in the process of completing two farm outs in relation to its Chorbane permit. The two farm outs are found onshore. The company is seeking for the permit so that it can carry out a seismic acquisition campaign next year. It is therefore working towards getting the permit as early as possible […]
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
Reports from Algeria claim that Egypt has received in the last few days a 53,000 tons shipment of gas from Algeria in a move to ease its energy demands. The shipment is part of a negotiated deal brokered between the Egyptian government and the Algerian petroleum company SONATRACH for the increment of butane gas imports […]
Spain’s oil company Repsol has discovered lately gas in the Illizi basin, in the south east of Algeria. The discovery was made during an exploration campaign launched in 2011 at the Tihalatine South-1 well in the Sud-Est Illize block. A consortium led by Repsol won in 2010an exploration license to dig for oil and gas […]
Tunisia has approved the renewal for an additional three year period of the Sfax offshore exploration permit awarded to Eurogas International Inc. and its joint venture partner, Atlas Worldwide Exploration Ltd (“APEX”). Under this first renewal period that will extend from December 9, 2012 to December 8, 2015, the exploration corporation will have to drill […]
Vienna plays host November 6 through 8 to the seventh annual North Africa oil and gas summit that will provide attendees with the opportunity to share insights on the region’s recent development prospects and a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region. […]
Chariot Oil & Gas Limited, an independent Africa focused oil and gas exploration company, has reinforced its petroleum partnership with Morocco through its recent acquisition two more blocks off the coast of the North African Kingdom. Under the exploration deal sealed with Morocco’s national oil company (Office National des Hydrocarbures et des Mines), Chariot gets […]
The Algerian government is planning to invest over $ 24 billion between 2012 and 2016 to enhance electricity production and distribution in the North African country experiencing power shortage and outages that have affected lately business and households. Many Algerians were angry over the frequently power cuts in the oil & natural gas producing country. […]
Iraq’s oil exports during September reached the highest peak in three decades with about 2.6 million barrels per day, earning the country 8.4 billion dollars. The oil ministry which disclosed the figures earlier this week said oil exports in August were slightly lower at 2.564 million bpd and brought in $ 8.445 billion at an […]
A consortium led by Saudi’s company ACWA Power International has won a $1 billion contract to build a 160-megawatt solar plant in Southern Morocco. The plant, to be built near city of Ouarzazate, is the first phase of a 500-megawatt ambitious project, first of its kind in Northern Africa. The Saudi-led consortium includes Spanish firm […]