With a deal signed with Shell for LNG supply over 12 years, Morocco has formally entered the LNG market. Its renewable energy plans are moving slowly, suggesting gas will play a key role in the country’s plans to phase coal out of its carbon-heavy generation mix. [Gas in Transition, Volume 3, Issue 8]
Japanese-Turkish JV s First FSRU Readies for Senegal Journey
Mar 16, 2021 11:10:am
Summary Senegal is transitioning from coal and oil-fired power to gas-based generation over the coming years, emboldened by recent gas discoveries offshore.
by: Joe Murphy
Japan s Mitsui OSK Lines and Turkey s Karpowership announced on March 16 that their first jointly-owned floating storage and regasification unit (F.
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Norwest Raises Funds for West Oz Drilling
Jan 19, 2021 6:30:am
Summary The proceeds of the placement will be used to cover the company s 20% share of drilling costs at the Lockyer Deep-1 exploration well.
by: Shardul Sharma
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Norwest Raises Funds for West Oz Drilling
Sydney-listed Norwest Energy has raised A$2mn (US$1.5mn) through a placement of shares to fund exploration activities in Western Australia’s Perth basin, it said on January 19.
The capital raised will be used to cover the company s 20% share of drilling costs at the Lockyer Deep-1 exploration well, located in Perth Basin exploration permit EP 368, the company said. The funds will also be used for planning and preparation for a 3D seismic survey across EP368 and EP426, desktop studies at TP/15, and general working capital.