News Agencies Feed :

    OIL AND GAS

    August 14, 2018

    Sound Energy Mobilises Drilling Rig To TE-9 Well Pad In Morocco

    Sound Energy PLC said Monday the mobilisation of a land drilling rig is under way to reach the company's TE-9 well pad onshore Morocco.

    The rig, which was used for all the company's previous wells in Morocco,"...

    August 2, 2018

    Boehringer Ingelheim launches the initiative In Reach Africa to address key healthcare infrastructure and access priorities across Africa

    Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, announced recently the launch of the ‘In Reach Africa’ program, an initiative aimed at facilitating quality and innovative human and animal healthcare access across the African continent.

    ...

    July 24, 2018

    Schlumberger directly entering eastern Morocco gas licences

    Sound Energy, the Moroccan-focused upstream gas company, has announced, following the initial success in Eastern Morocco and in anticipation of the forthcoming drilling programme, the initiation of the process of converting the existing 27.5% synthetic interests held by an affiliate of"...

    July 19, 2018

    SDX Energy receives $10 million credit facility from EBRD

    SDX Energy Inc., the North Africa focused oil and gas company has announced that through its subsidiary SDX Energy Morocco Limited, has signed a facility agreement with the European Bank for Reconstruction and Development for the provision of a three year $10 million Reserves Based Lending"...

    July 17, 2018

    SDX Energy Inc. Successful production test at SD-4X well, Egypt

    SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce that a successful production test has been conducted at its SD-4X appraisal well at South Disouq, Egypt (SDX 55% working interest and operator).

    The"...

    July 15, 2018

    Morocco’s Govt. Fears Impact of Rising Oil Prices

    Morocco’s government has expressed concern about the increase in fuel prices and protectionism ahead of the presentation of the draft of 2019 Finance Bill. The government said in a statement that 2019 “will be fraught with challenges due to increasing protectionist tendencies in the international economy and rising oil prices.” Reuters reported on Friday that the North African country is the “largest energy importer” in the region with MAD 70 billion of imports in 2017. Morocco’s government spokesperson Mustapha El Khalfi said following the weekly Government Council that the 2018’s budget “was......

    July 14, 2018

    Government Should Retrieve MAD 17 Billion from Morocco’s Fuel Companies: Balafrej

    Omar Balafrej, MP of the Federation of the Democratic Left (FGD) has criticized Moroccan fuel companies of “immorally and unreasonably” making an additional profit of MAD 17 billion from the liberalization of fuel prices. Balafrej has also proposed the retrieval of the extra profit the companies made, owing to the liberalization of fuel prices enacted in December 2015. Balafrej recommended Tuesday in a plenary session of the House of Representatives retrieving MAD 17 billion in profits from oil companies for government-funded......

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