The Egyptian government is limiting electricity use with daily power cutbacks nationwide, putting people’s economic and social rights at risk, Human Rights Watch said today. The cuts appear to last longer in rural areas, which have higher poverty rates, and have left many people without power amid soaring temperatures, hindering their ability to perform their jobs, including for some […]
Eni has formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in 2014, was revoked following the completion by […]
Chariot Limited has sealed a new exploration licence Petroleum Agreement on Loukos oilfield located onshore Morocco. Chariot has 75% interest in, and operatorship of the Loukos licence signed by a wholly owned subsidiary of Chariot Limited in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which will hold a 25% interest. Loukos […]
Egypt is consolidating her power investment portfolio in energy transition through new wind power project. This time round, the oil rich-country and ACWA Power, a Saudi-listed company has signed a fresh memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt. The […]
The Board of SDX Energy are aware of rumours concerning its Egyptian business and confirms that the Company has received multiple offers in regard to the sale of its Egyptian assets, which the Board are evaluating. Any proposed transaction would be subject to the usual conditions associated with a transaction of this nature, including but […]
Predator Oil & Gas Holdings the Jersey based Oil and Gas Company with near-term gas operations focused on Morocco has announced an interim drilling update for the MOU-3 well appraising the Moulouya Fan primary reservoir target for which contingent gas resources have been previously announced. Operations update Prior to setting 95/8″ casing an inflow of […]
SDX Energy has, together with the Office National des Hydrocarbures et des Mines (ONHYM), renegotiated a gas sales agreement with one of its key customers in Morocco aligned with the regional development strategy and consequently will receive a higher gas price for production with effect from 1 May 2023. This price increase will enable the […]
Tunisia based exploration and production firm Serinus Energy has announced that the workover operations on the Sabria N-2 well in Tunisia have been completed. Having successfully removed wellbore restrictions and recompleted the well, the Company has mobilised surface testing equipment to the well site to evaluate well production. Upon completion of the testing program the […]
Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino today, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 billion cubic metres per year, or approximately 7% of Italy’s gas demand. The LNG was […]
Panoro Energy ASA is pleased to announce that it has entered into a definitive agreement with Beender Tunisia Petroleum Limited to acquire its 40 percent shareholding in Sfax Petroleum Corporation AS (SPC) for a total consideration of approximately USD 18.2 million in a mix of cash and shares. SPC through its subsidiaries, indirectly owns a 49 percent […]
