Search results for: tangier

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  • 7 December 2016
    Business & Finance

    Terminal operator APM Terminals MedPort Tangier has awarded a contract for managing construction of a new container facility at the Tangier-Med Port Container Terminal in Morocco to US-based firm Hill International. Under the two-year contract, Hill International will provide project management and supervision engineering services during the construction of the new facility. The company said that the contract has an estimated […]

  • 9 September 2014
    Business & Finance

    Due to the outbreak of Ebola in some countries in West Africa, Maersk Line’s ships calling the region have over the past couple of weeks been facing increasing health and safety measures. The main objective of these measures is to prevent the spread of the virus, the company said in a release. One of these […]

  • 8 October 2013

    Tangiers Petroleum Limited (Tangiers) advises that it has terminated its Farm-out Agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 (Permits) located in the Joseph Bonaparte Gulf, northern Australia.  Tangiers said it terminated the agreement because CWH did not meet the deadline to satisfy the conditions precedent. These conditions precedent included Tangiers obtaining from the […]

  • 4 February 2014
    Business & Finance

    Tangiers Petroleum Limited advises that Eve Howell and Max de Vietri have resigned respectively as Executive Chairman and Non-executive Director, effective immediately, citing the loss of support of several major shareholders. Executive Director Brent Villemarette today thanked both directors for their efforts and their contribution to the Company, and wished them all the very best […]

  • 10 May 2013
    Business & Finance

    Tangiers Petroleum Limited has announced that its Board has approved the final terms of its Farm-Out Agreement with CWH Resources Limited (CWH) and Ansbachall Pty Limited (Ansbachall) covering two of Tangiers’ Australian exploration permits (the Farm-Out Agreement). Tangiers has also been informed that the Boards of CWH and Ansbachall have approved the final terms and conditions of this Farm-Out […]

  • 1 May 2014
    Business & Finance, Operations & Maintenance

    Tangiers Petroleum Limited informed that the TAO-1 well off the Moroccan coast is on track to be spudded in June, with the Moroccan National Office of Hydrocarbons and Mines providing its final approval relating to the farm-out agreement between Tangiers and Galp Energia. The signing of the Amended and Updated Association Contract by the Moroccan National Office of Hydrocarbons […]

  • 9 September 2013
    Business & Finance

    The 18,000 TEU Maersk Mc-Kinney Moller has blazed a trail of record productivity as the world’s largest ship has visited a number of container terminals in the APM Terminals network. Latest example was a visit to Tangier at Morocco’s Tanger-Med port facility, where a vessel record of 7804 TEUs was handled during the port call. […]

  • 8 October 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Tangiers Petroleum Limited (Tangiers) advises that it has terminated its Farm-out Agreement with CWH Resources Limited in relation to the offshore permits WA-442-P and NT/P81 (Permits) located in the Joseph Bonaparte Gulf, northern Australia. Tangiers terminated the agreement because CWH did not meet the deadline to satisfy the conditions precedent. These conditions precedent included Tangiers […]

  • 13 January 2014
    Business & Finance

    Tangiers Petroleum Limited advises that the government have formally indicated that no further extensions of time will be granted for its two remaining Australian exploration permits. Consequently, it is anticipated that exploration permits, WA-442-P and NT/P81 will be cancelled by the National Offshore Petroleum Titles Administrator (NOPTA) in the near future. This follows Tangier’s decision […]

  • 24 September 2014
    Business & Finance, Operations & Maintenance

    Tangiers Petroleum has finalised its financial obligations in relation to the drilling of the TAO-1 well, being a total of US$18.56 million. This has been funded by the Company’s cash position and leaves Tangiers with a cash balance of approximately $1.25m. The final cost of the TAO-1 well was in excess of the Company’s internal budget. This […]

  • 28 June 2019
    Business & Finance

    APM Terminals Medport Tangier container terminal, a collaboration between Moroccan port TangerMed and Danish shipping major A.P. Moller – Maersk, has officially opened its doors. The construction of APM Terminals MedPort Tangier took two years and a total investment of $800m to make this facility become reality. This new transshipment terminal is designed, constructed and […]

  • 5 December 2013
    Business & Finance

    Tangiers Petroleum Limited and Jacka Resources Limited announce that they have entered into a Bid Implementation Agreement (“BIA”) in respect of an off-market takeover offer to be made by Tangiers for all of the issued ordinary shares in Jacka (“Offer”). Combining the two companies will deliver a strong portfolio of highly prospective exploration, appraisal and […]

  • 28 April 2014
    Project & Tenders

    Tangiers Petroleum Limited has informed that a DWOP (Drilling Well on Paper) meeting was held in Morocco on 22 April 2014, which was attended by Galp, ONHYM and Tangiers. At the meeting, the Operator, Galp, confirmed the indicative budget for the drilling of TAO-1 exploration well, offshore Morocco, to be in the order of US$75m. The estimate provided by the […]

  • 31 March 2016
    Business & Finance

    Maersk’s APM Terminals has been named as the operator of a new container transshipment terminal at the Tangier Med 2 port complex, situated in Morocco, on Africa’s northwest coast near the mouth of the Mediterranean Sea on the Strait of Gibraltar. APM Terminals already operates the APM Terminals Tangier facility at Tangier Med 1 port, which […]

  • 5 December 2013

    Tangiers Petroleum Limited  and Jacka Resources Limited have entered into a Bid Implementation Agreement (“BIA”) in respect of an off-market takeover offer to be made by Tangiers for all of the issued ordinary shares in Jacka.   The statement reads that “combining the two companies will deliver a strong portfolio of highly prospective exploration, appraisal and development assets in Africa, […]

  • 22 May 2013

    Tangiers executes farm-out agreement on Australian exploration acreage. Deal gives Tangiers ongoing exposure to the exploration upside while enabling it to focus its resources on acquiring interests in African oil and gas assets

  • 22 May 2013
    Business & Finance, Project & Tenders

    Tangiers Petroleum Limited announces the execution of its Farm-Out Agreement with CWH Resources and Ansbachall Pty Limited covering two of Tangiers’ Australian exploration permits. The Farm-Out Agreement covers the permits WA-442-P and NT/P81, which are located in the southern Bonaparte Basin, about 250km south-west of Darwin. The participating interests of the parties from the date […]

  • 1 May 2014
    Business & Finance, Equipment, Project & Tenders

    Tangiers Petroleum Limited has announced that the TAO-1 well off the Moroccan coast is on track to be spudded in June, with the Moroccan National Office of Hydrocarbons and Mines providing its final approval relating to the farm-out agreement between Tangiers and Galp Energia. The signing of the Amended and Updated Association Contract by the Moroccan National Office of Hydrocarbons […]

  • 24 September 2014
    Business & Finance, Project & Tenders

    Tangiers Petroleum Limited has advised that it has finalised its financial obligations in relation to the drilling of the TAO-1 well, located in the Tarfaya Offshore Block, Morocco, being a total of US$18.56m. This has been funded by the company’s cash position and leaves Tangiers with a cash balance of approximately A$1.25m. The final cost […]

  • 12 August 2014
    Business & Finance

    Tangiers Petroleum Limited, an Australian-based oil explorer with assets offshore Morocco in shallow water advises that the company’s securities continue to be suspended on both ASX and AIM pending the release of an announcement to the market in relation to Tangiers’ funding obligation for the TAO-1 exploration well. “The Company expects the securities to re-commence trading on Monday 8 September 2014,” […]

  • 10 May 2013

    Tangiers Petroleum Limited announced that its Board has approved the final terms of its Farm-Out Agreement with CWH Resources Limited and Ansbachall Pty Limited covering two of Tangiers’ Australian exploration permits. Tangiers has also been informed that the Boards of CWH and Ansbachall have approved the final terms and conditions of this Farm-Out Agreement, which […]

  • 20 December 2013

    Tangiers Petroleum Limited  has informed that the Ministries of Energy and Finance in Morocco have officially approved the assignment of a 50 per cent interest in the Tarfaya Offshore Block from Tangiers to Galp Energia (Galp). Tangiers will maintain a 25 per cent interest in the Tarfaya Offshore Block. The signed Joint Order from the Ministries means Galp […]