The European Bank for Reconstruction and Development (EBRD), with support from the Green Climate Fund (GCF), and the European Union, is providing a financial package of up to €25 million to Crédit du Maroc to boost Morocco’s green transition. The financing, of which the equivalent of €18.75 million in local currency (MAD) will be provided by the EBRD and […]

Sound Energy, the energy transition company, has disclosed the entry of binding conditional agreements in respect of a US$18 million Phase 1 Tendrara LNG Development loan note financing and that, with the other remaining conditions precedent to the Phase 1 LNG gas sales agreement announced by the Company on 29 July 2021 (LNG GSA) now […]

Chariot has announced the arrival of Stena Don drilling rig at its location in the Lixuslicence, offshore Morocco, to carry out drilling operations on the Anchois gas development project. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbureset des Mines (ONHYM) which holds a 25% interest. Anchois-2 gas appraisal […]

The Company has entered into the GSA, which is in addition to the conditional Phase 1 micro liquified natural gas TE-5 Horst development related gas sales agreement entered into by the Company with AfriquiaGaz and announced by the Company on 29 July 2021, alongside its state-owned Tendrara Production Concession partner ONHYM (Office National des Hydrocarbures […]

Chariot, the Africa focused transitional energy company, has signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco. The Drilling operations is anticipated to commence in December 2021 and are expected […]

Chariot Oil & Gas, the Africa focused transition energy company, has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco. Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production, and processing […]

Chariot Oil & Gas Limited an Africa focused transition energy company has announced that it has negotiated the key terms of a new licence, Rissana Offshore in Morocco. The formal award of the licence is anticipated to occur in 2021 and is subject to the normal Moroccan regulatory procedures and approvals.  According to the new […]