The Israeli company NewMed Energy announced the signing of a memorandum of understanding for the exploration and production of offshore natural gas located off Boujdour, on the South Atlantic coast. The document signed with the Ministry of Energy and Mines and the Moroccan company Adarco concerns a gas field extended …
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The signing of a memorandum of understanding between the Nigerian National Oil Company (NNPC Ltd), the National Office of Hydrocarbons and Mines of Morocco and ECOWAS is scheduled for Thursday, September 15 in Rabat. The Nigeria-Morocco gas pipeline project was at the center of discussions, on Tuesday September 13 in …
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British company Predator Oil & Gas operating in Morocco, Trinidad and Ireland plans to raise £3.3 million by issuing 60 million new shares at a discount. These funds will be used to expand and execute its drilling program in Morocco, says Predator Oil & Gas. The new shares are sold …
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The Federal Executive Council (FEC) under the Nigerian Presidency has authorized the Nigerian National Petroleum Corporation (NNPC) to enter into an agreement with ECOWAS for the construction of the Nigeria-Morocco gas pipeline. Minister of State for Petroleum Resources, Timipre Sylva, informed State House officials of the decision after the FEC …
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Foreign investors are showing growing interest in the Morocco-Nigeria gas pipeline project expected to be a revolution in the world of energy. The Nigerian Minister of Petroleum said that several investors have contacted the Nigerian authorities, including Russians. “We are securing funding and many people are showing interest,” said Nigerian …
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The Director General of the National Office of Hydrocarbons and Mines (ONHYM), Amina Benkhadra, indicated, Wednesday in Rabat, that 67 wells were drilled in Morocco during the period 2000-2022, of which 40 revealed the presence quantities of natural gas. Speaking before the Infrastructure, Energy, Mines and Environment Committee in the …
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Morocco and the OPEC Fund for International Development have signed a $100 million loan agreement to finance the inclusive financial sector, aimed at developing the economy and supporting recovery from the Covid-19 pandemic. According to a press release from the Fund, this loan is granted under the “Financial and Digital …
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Morocco and the International Energy Agency (IEA) signed, in Paris, a new joint work program for the period 2022-2023. This new work program was signed by the Executive Director of the International Energy Agency, Fatih Birol, and the Minister for Energy Transition and Sustainable Development, Leila Benali, on the sidelines …
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UK company Sound Energy has extended its binding Gas Sale and Purchase Agreement (GSA) for the development of Phase 2 of the Tendrara production concession with the Office National des Hydrocarbures et des Mines (ONHYM). Sound Energy and the Office national de l’Electricité et de l’eau potable (ONEE) have agreed …
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Chariot Oil & Gas officially obtained the Rissana offshore license in Morocco after agreeing key terms of the contract in December 2020. The formal award of the license was subject to normal Moroccan regulatory procedures and approvals. Chariot will hold a 75% stake and operate the Rissana permit, in partnership …
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