“This innovative project will benefit from our track record in developing large and complex integrated energy projects.”
HyAfrica carried out fieldwork in Morocco and South Africa earlier this year. The group reported “very promising” results in Ain Bni Matha and Mpumalanga respectively, detecting multiple hydrogen seeps.
Over 350 C-level executives from Oil and Gas companies, investors and top service companies will meet with ONHYM to discuss the Nigeria-Morocco pipeline, E&P opportunities in Morocco, and how to get involved in one of the world’s top future energy hubs.
Participants will be available to meet during dedicated 1:1 meetings with ONHYM and the country’s biggest Project owners, as the event has been tailored to host two full days of non-stop networking for E&P leaders to meet with Moroccan and African players in Marrakech.
A number of companies have come to explore Morocco’s offshore, drawn in by attractive tax rates and geological models, but have been largely disappointed.
The convertible notes fully fund Sound’s capital requirements until the end of the year. Sound launched a farm-out process in August 2022.
CWP CTO Guido Schumacher welcomed the work with Hydrogenious on the study. The work will “serve to further explore the viability of LOHCs for long-distance shipping of green hydrogen, using our 15 GW Aman project as a model”, he said.
The project could create 10,000 jobs in Morocco during construction, of which 2,000 will be permanent. In the UK, Xlinks believes it could create 1,350 permanent jobs.
“The business is now determined to add new revenue streams that build a stronger business”, said CEO Paul Weir.
“We remain fully focused on taking the Anchois project to first gas in a way that can continually grow the resource and project scale and help unlock the basin scale potential that we see across our licence area."
As news of the drilling challenges broke, the company’s share price fell 65%.
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, 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'Electricité 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.
Dubai’s ENOC Group has signed a memorandum of understanding (MoU) with Japan’s 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 Russia’s invasion of Ukraine, but Africa brings positive signs of resilience.