Oil And Gas

September 20, 2017

Hong Kong Company Seeks to Buy SAMIR Oil Refinery

A Hong Kong-based company has expressed its interest in the buyback of the SAMIR oil refinery. While the proposed amount was deemed insufficient Moroccan oil company, a site visit was scheduled and a proper proposal is pending approval.

According"...

September 19, 2017

SDX Energy spuds KSR-14 development well in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, has announced the spud of its KSR-14 development well on the Sebou permit in Morocco.

This is the first of a nine-well drilling program on the Company’s"...

September 19, 2017

The ARF 2017 in Morocco to focus on Africa’s renewable energy development

The Africa Renewable Energy Forum (ARF) is going to take place from 29 November 2017 to 1 December 2017, at the Hyatt Regency Hotel in Casablanca, with focus on driving the development of renewable energy projects across the continent

Organised"...

September 18, 2017

SDX Energy kicks off KSR-14 well at Sebou onshore Morocco

SDX Energy Inc (LON:SDX) told investors it has now kicked off the drilling of its KSR-14 development well at the Sebou project onshore Morocco. It is the start of a nine-well programme that will cover the Sebou, Gharb Centre and Lalla Mimouna projects. The plan is to increase Moroccan gas sales by around 50% and to increase the Moroccan reserve base by more than 100%. Results from KSR-14 are expected by mid-October. It is anticipated that the well will be completed, flow tested and connected to infrastructure within 30 days after the drill......

September 18, 2017

Synetics: Oil and Gas Surveillance Specialist Wins Multiple Middle East Contracts

(AETOS Wire)-- Surveillance solutions business Synectics has secured multiple contracts for onshore and offshore oil and gas developments, spanning Egypt, Saudi Arabia, the UAE and Iran. Encompassing a broad mix of Synectics’ surveillance and security management solutions, the contracts will see the business deploy over 700 COEX™ camera stations across the Middle East region – in a number of cases incorporating new, customer-led feature developments. Off the Egyptian coast, Synectics will be providing an offshore platform with a range of C3000 HD IP, C2000 HD IP and C2000 (PTZ and fixed) camera stations, with specific models......

September 17, 2017

Kuwait Oil Company Awards Major Contract to Grandweld Shipyards

Grandweld Shipyards has secured a contract to design, Construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company,"...

September 14, 2017

Sound Energy Reviews Disappointing Italian Assets Amid Morocco Focus

Sound Energy PLC on Thursday reported a swing to loss for the first half of 2017, and said its eastern Morocco portfolio remains its 'absolute priority' going forward.

For the half year to the end of June,"...

September 13, 2017

Sound Energy completes takeover of OGIF Eastern Morocco interests

Africa and Europe-focussed upstream gas company Sound Energy announced the completion of its previously-announced acquisition of the interests of Oil & Gas Investment Fund in Eastern Morocco, after receiving final approvals in relation to the Anoual and Tendrara licence areas.
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September 9, 2017

Newmont Ranked Mining Industry Leader by Dow Jones Sustainability World Index for Third Consecutive Year

(AETOS Wire)-- For an unprecedented third year in a row, Newmont Mining Corporation (NYSE: NEM) was ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industry’s overall leader in sustainability. Newmont’s inclusion on the index also marked the 11th consecutive year the company has been selected for the DJSI World. This year, 942 companies participated in RobecoSAM’s Corporate Sustainability Assessment (CSA), which evaluates and ranks the highest-scoring companies on the DJSI – one of the most rigorous and highly regarded sustainability indices in the world. Newmont was the first gold company......

September 6, 2017

Morocco's spending on cooking gas, sugar subsidies exceeds 1 bln USD in eight months

Morocco's spending on cooking gas and sugar subsidies has exceeded 1 billion U.S. dollars since the beginning of 2017, showed statistics released on Tuesday.

During the first eight months of 2017, spending"...