First Independent Mena Newspaper
Morocco expects its demand on natural gas to spike to 3 billion cubic meters by 2040, the energy ministry said in a document that spells out the broadline for a strategy to secure gas supply. The document outlines Morocco’s ambition to raise the share of natural gas in powering the industrial sector as Morocco presses […]
British company Predator Oil & Gas, listed on the UK stock exchange, announced that it has submitted a bid to build and operate a floating storage and regasification unit (FSRU) in Morocco. It responds to a call for tenders launched in April by the Ministry of Energy and Mines, which expires on May 31. Predator […]
Gas and oil giant Sonatrach has signed a Memorandum of Understanding (MoU) with US Exxon to identify exploration opportunity in the North African country and to boost partnership between the two companies. Sonatrach made the announcement Monday on its website arguing that the agreement confirms the renewed dynamism of the Algerian mining sector, as part […]
Algeria risks becoming a net gas importing country as its domestic production continues to be devoured by a rising consumption that could turn the country into a net gas importer in ten years, head of oil and gas at the ministry of energy Mustapha Hanafi said. Domestic gas consumption has grown faster than gas production […]
The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said. The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]
Moroccan government has reacted to a boycott campaign that targeted three leading companies producing gas, bottled water and milk saying the boycott was based on fake news. The government’s spokesperson Mustapha Khalfi told reporters in Rabat that the campaign was based on unfounded information, saying that prices of the three products are reasonable and have […]
UK-based SDX Energy has decided to abandon the ELQ-1 well in the Gharb Center permit, northwestern Morocco, after failing to achieve desired results from a drilling campaign. Drilled to a total depth of 1,484m, the well has encountered 22.6 net meters of reservoir interval and two meters of marginal net conventional gas pay in the […]
Is the US seeking to tap into Morocco’s natural gas projects? This question rose to the fore after media reports said that chief of the US Environmental Protection Agency (EPA) Scott Pruitt is in Morocco this week to “update” environmental cooperation under the US-Morocco Free Trade Agreement to include an option to supply the Kingdom […]
British company, SDX Energy, confirmed a new natural gas discovery as part of its well drilling campaign in Sebou, Eastern Morocco. “We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%,” Paul Welch, SDX’s president and CEO, […]
Algeria’s state-run energy producer, Sonatrach, will inject about $2 billion to maintain production on the country’s largest gas field, local media reported. This field produces between 190 and 210 million cubic meters of natural gas per day, about 60% of the North African nation’s total gas production. Sonatrach’s CEO, Abdelmoumen Ould Kaddour, said the goal […]