Archive for February, 2015
Proactive Weekly Oil And Gas New Summary – Gulf Keystone Petroleum, Petroceltic And Providence Resources
As crude prices remain depressed, it was a busy and significant week for the sector. Here are some standouts.
Gulf Keystone (LON:GKP) shares advanced as the Kurdistan focused oil firm put up the for sale sign.
The company revealed this week it was in talks with potential buyers, though the process was said to be preliminary and no indicative deal terms were revealed.
GKP is facing a potential funding gap. It has in excess of US$300mln of convertible debt which is currently out-of-the-money and visibility over future revenues is poor. (more…)
The Associated Press
Morocco saw a six-fold increase in the amount of money foreign film companies spent in the country to make movies, the head of the film commission said Saturday.
On the final day of the National Film Festival in Tangiers, Sarim Fassi-Fihri said that 38 foreign productions had spent a record $120 million in 2014.
The figure is more than the last five years put together. Foreign film companies spent only $22 million in 2013. (more…)
The Daily Star
Four years ago, I addressed the Mediterranean Commission on Sustainable Development in Montenegro, to present an Arab perspective on regional priorities. This was at the onset of the Arab uprisings that started in December 2010. At that time, we hoped that what was referred to as the “Arab Spring” would usher in a new direction for economic and environmental sustainability. However, the prospects for both were not good at the time. And today the situation is gloomy at best, and in many instances nearer to chaos. (more…)
Christopher Coats, Contributor
Morocco announced plans to continue its push for energy diversification with an effort to increase liquefied natural gas imports over the next five years, including a new terminal in the town of Jorf Lasfar worth $4.6 billion, according to local media reports. While initially reported at the end of last year, Energy Minister Abdelkader Amara has now said that the project is attracting viable attention from foreign investors.
“I have made contacts with Qatar, now I am waiting to hear from them. I am also planning a roadshow to Russia and United States,” Amara said, according to Reuters. “I (more…)
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ASTA – American Society for Travel Agents
The American Society of Travel Agents (ASTA) held a signing ceremony here today with Abderrafih Zouitene, CEO of the Moroccan National Tourist Office, and other dignitaries and press from Morocco to officially announce the location chosen for ASTA Destination Expo 2015 (ADE-15) is Marrakech. (more…)
by Ali Jaafar
Two crew members working on NBC’s drama Odyssey have been attacked and hospitalized while filming in Morocco, Deadline has learned. A first assistant director and make-up artist were leaving a restaurant late at night near their apartment in Marrakech Plaza when a group of youths attempted to rob them. When the crew members defended themselves, a fight is believed to have broken out, leading to injuries that required medical treatment. (more…)
Morocco has rejected accusations by Amnesty International regarding torture and ill-treatment of detainees in Moroccan prisons.
In a Wednesday statement, the inter-ministerial delegation for human rights said that Amnesty’s report “does not reflect the status of human rights” in Morocco.
It said that the report was based on “mere allegations” and “one-sided sources.”
In its annual report on Wednesday, the rights group accused the Moroccan authorities of torturing and mistreating detainees. (more…)
FCC Chairman Tom Wheeler says that under new rules, Internet service providers must act in the “public interest.” (AP)
The Federal Communications Commission for the first time classified Internet providers as public utilities Thursday, a landmark vote that officials said will prevent cable and telecommunications companies from controlling what people see on the Web.
The move, approved 3 to 2 along party lines, was part of a sweeping set of new “net neutrality” rules aimed at banning providers of (more…)