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Europa Oil & Gas receives new exploration permit

The National Office of Hydrocarbons and Mines (ONHYM) is preparing to grant a new oil exploration permit on the Moroccan coast to the British company Europa Oil & Gas. The UK oil and gas exploration, development and production company Europa Oil & Gas announced on Wednesday (18 September) that ONHYM …

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Oil prices soar after attacks in Saudi Arabia

Oil prices soared by 10% Monday morning in Asia, two days after the attacks on oil infrastructure in Saudi Arabia resulted in a halving of production. Around 02H10 GMT, the barrel of “light sweet crude” (WTI), US crude reference, for delivery in October, earned $ 5.38, or 9.81% to 60.23 …

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New change in fuel prices in Morocco

From next week, the price of fuels in Morocco will change. The President of the National Federation of Managers and Service Station Owners (FGNPS) Jamal Zrikom said that the price of petrol will fall by 80 cents at some service stations. The price of diesel, however, will increase slightly by …

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Oil is falling sharply in Europe

Oil prices were down sharply Thursday during European trade, against a backdrop of fears about the supply of oil. Brent North Sea crude for November delivery was worth $ 59.48 in London, down 2.19% from Wednesday’s close. In New York, the US barrel of WTI for October delivery traded at …

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Total goes solar for its service stations

The tanker Total has just inaugurated its thousandth solarized service station in the world, and its 34th in Morocco since the beginning of its program of solarization of its stations in 2016. And it is in Marrakech, in the Palm Grove that this station has designed and equipped, equipped with …

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Oil prices rise in Europe

Oil prices were up on Tuesday in the course of European trade, pulled by the tone of American President Donald Trump more accommodating to China in the trade dispute between the two countries. The North Sea Brent crude for October delivery was worth $ 59.11 in London, up 0.7% from …

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SDX Energy will start drilling 12 wells in Morocco

SDX Energy announced on Thursday, August 22, the launch of its new drilling campaign in Morocco in the fourth quarter of 2019. The British company will drill 12 wells and is expected to complete operations in the first half of 2020. “The program will target 15 billion cubic feet of …

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