SDX Energy reported a strong first quarter based largely on its fixed price gas business.
Chariot Oil & Gas has cut its running costs by around 45% while continuing to seek a partner for its Moroccan gas project.
SDX Energy’s capital expenditure will fall to $24.7 million this year, while production is expected to be 66-72% higher than 2019.
SDX Energy has extended its gas discoveries in Morocco, through the play-opening BMK-1 well, although a well in Egypt has disappointed.
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Sound Energy’s talks with a potential purchaser of its eastern Moroccan holdings have ground to a halt, with the company opting instead to pursue a micro LNG plan, ahead of more grandiose pipeline development works.
SDX Energy is set for a year of growth, although there are some concerns about impairments that might see it relinquish one of its longest-term producing assets.
As the cost of solar power decreases, the UK should consider a cable connection with Morocco in order to supply cheap electricity to consumers, Labour's Barry Gardiner has suggested.
Vivo Energy has acknowledged it is being investigated in Morocco over its part in the country’s fuel retail sector.
Predator Oil & Gas Holdings has signed a rig option agreement with Star Valley Drilling for work on Morocco’s Moulouya-1 prospect.
SDX Energy is making strong operational progress in North Africa but lower realised prices for production have dragged down revenues in the first nine months of the year.
Well engineering and project management firm Zenith Energy, of Aberdeen, has started work on a £1 million, six-month contract in Morocco.
The US is eager to export LNG and coal to African states, US Assistant Secretary for Fossil Energy Steven Winberg told the Africa Oil Week conference.
SDX Energy has begun its 12-well campaign in Morocco, targeting 15 billion cubic feet (425 million cubic metres) of gross resources.
Chariot Oil & Gas is covered for its near-term work commitments but to step ahead it must sign up partners for its various projects.
Europa Oil & Gas has signed up to explore Morocco’s Inezgane offshore permit, with the aim of hunting Lower Cretaceous fans.
London-headquartered SDX Energy has struck gas at a well in Morocco.
London-headquartered SDX energy has spud an exploration well in Morocco.
London-headquartered SDX Energy has announced the discovery of a natural gas well in Morocco.
London-listed Sound Energy has completed the sale of its Italian subsidiary to Coro Energy, previously named Saffron Energy.
Gulfsands Petroleum's shares dropped 6% to 5.88p in London in early trading after the firm announced its decision to back out of Morocco.
SDX today confirmed a gas discovery in its Morocco play.
North-Africa focused oil firm SDX Energy said drilling had started on a development well in Morocco as the company gets set for a “very busy period”.
Sound Energy has been given the go-ahead for its gas export pipeline in Morocco.
Sound Energy said today that its second Tendrara well in Morocco will have 40billion square cubic feet of gas in place for production once it reaches full pressure stabilisation.