ExxonMobil has signed contracts to explore two blocks offshore Morocco, Upstream Online reported on Wednesday.
Moroccan mining company Managem has acquired the gas assets held in Morocco by UK operator Sound Energy under its subsidiary Sound Energy Morocco East for a total consideration of up to USD 45.2 million, the companies announced on Friday.
The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said.
Oil and energy officials from Nigeria and Morocco met to elevate discussions toward a final investment decision for a planned transborder gas pipeline linking North and West Africa.
The quest by the federal government to supply uninterrupted gas to the Nigeria-Morocco gas pipeline, a $25 billion project aimed at transporting Nigerian gas to Europe through Morocco, is being threatened by lingering gas supply challenges in the country, BusinessDay’s findings have revealed.
Morocco is at a crossroads. Its ecological conditions, with the sun of the Sahara and the wind of the Atlantic coast, make it a prime candidate for massive-scale solar and wind farms.