Predator slumps on challenging Morocco well
As news of the drilling challenges broke, the companyโs share price fell 65%.
As news of the drilling challenges broke, the companyโs share price fell 65%.
Explorers are โtaking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiencyโ, Westwood said.
The company believes that optimisation of the drilling, informed by experience from the MOU-1 well, will keep costs around the same level.
Chariot has reached a framework agreement on gas sales from its Anchois project with Office National de l'Electricitรฉ et de l'Eau Potable (ONEE).
Despite scepticism around the plan, countries along the proposed gas pipeline route from Nigeria to Morocco continue to sign up.
NewMed Energy has signed up with Morocco to explore an area in the disputed Western Sahara.
SDX Energy has appointed Jay Bhattacherjee as interim executive chairman, while CEO Mark Reid is leaving immediately.
Europa Oil & Gas is relinquishing it Moroccan licence, which it acquired in 2019, after failing to find a partner.
Dubaiโs ENOC Group has signed a memorandum of understanding (MoU) with Japanโs IHI Corp. to establish a green ammonia project.
Morocco is working on plans to improve its gas supply links, while also ensuring it is ready to capitalise on the energy transition.
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
Chariot has signed a pipeline tie-in agreement with state-owned Office National des Hydrocarbures et des Mines (ONHYM) in Morocco.
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Emerging markets will not be immune to the disruption caused by Russiaโs invasion of Ukraine, but Africa brings positive signs of resilience.
SDX Energy has launched its delayed Morocco drilling programme at the Lalla Mimouna Sud concession with the spudding of the SAK-1 exploration well.
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Spanish transmission operator Enagas has shrugged off disruption to Algerian gas flows via the Medgaz link.
Chariot has upgraded the amount of gas it believes may be under its licence offshore Morocco, following the drilling of the Anchois-2 well.
SDX Energy faces opposition in its plans to sell itself to Canadaโs Tenaz Energy, with Aleph Commodities voicing its disapproval.
ILF Consulting Engineers and Doris Group have won project management consultancy (PMC) work on the proposed Nigeria-Morocco Gas Pipeline (NMGP).
Spain has begun flowing gas south, into Morocco, via the Gazoduc Maghreb Europe (GME).
Green grids and international renewable energy are the only way to save Africa โ and the world โ with the alternative being a โclimate abyssโ.
SDX Energy has struck a deal to sell itself to Canadian-listed Tenaz Energy for ยฃ21.4 million in an all-share offer.
Octopus Energy has struck a deal to invest in Xlinks, a project that aims to transport renewable energy from Morocco to the UK.