MENA | Egypt Oil & Gas - Part 3
ADX Acquires Kerkouane Exploration Licence Extension in Tunisia
ADX Energy has announced that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have granted ADX an additional six month extension of the exploration period for the Kerkouane permit, offshore Tunisia, to...
Moroccan Power Company Taqa Doubles Full-Year Net Profit
Moroccan power company Taqa Morocco, owned by Abu Dhabi National Energy Co , reported 2014 net profit attributable to shareholders up 102 percent to 799 million Moroccan dirham ($83.6 million), citing production from ...
Sonatrach Implements Fracking in Southern Algeria Despite Backslash
The head of state-owned oil company Sonatrach said Sunday that gas exploration in southern Algeria would not be halted despite protests by residents against the use of hydraulic fracturing, or “fracking.” ...
Libyan Violence Threatens Presence of International Oil Companies
The violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in a country that helped trigger the world-wide rout...
LNG To Support Industrial Growth in Morocco
BMI View: Morocco’s plans to build a new LNG terminal at the port of Jorf Lasfar will be crucial to supporting diversification of energy supply and boosting industrial production over the longer term. Morocco re...
$755 Billion for MENA Energy Projects
The Middle East and North Africa (MENA) countries are set to invest about $755 billion in energy projects over the next five years despite plunging oil prices, according to a report. The Arab Petroleum Investments Cor...
EnQuest Halts Investment in Tunisia
EnQuest Plc has exited from its small investment in Tunisia. In May 2013, EnQuest agreed to acquire interests in the Didon producing oil field and the Zarat permit, from PA Resources AB and certain of its subsidiaries...
Gulf Marine Services SESVs for MENA
Gulf Marine Services has been awarded a major new long-term contract in the MENA region for one of its Large Class SESVs (self-elevated support vessels) ‘The signing of this new contract is testament to our long...
