Member Info for Danielm89

Volume 😂

Boring day + intraday RNS could bring some bolume

“ Hold on everyone - the projects announced today as Strategic Projects are only those in EU countries. Partner countries and oversea country and territories (OCT) ie including Greenland and Norway will be announced separately as it says in the letter from the EU: 'The adoption of Strategic Projects in third countries or in overseas countries or territories will take place in the coming weeks.”

Be huge if we do land this in Morocco or Mauritania

Eu assets been announced under the critical minerals

Africa next

Within 2 weeks apparently, imagine we land that partnership

Lidsey

 

Due to the high cost of water disposal, Lidsey has remained shut in, however, as previously stated, a planning application has been submitted to allow for transportation of produced water off-site to the Brockham oil field for voidage replacement and pressure maintenance. Should this application be granted, work will be progressed to test the integrity of the well in readiness for future production, confirm the operability of the currently installed artificial lift, and establish the re-instatement production potential of the X2 well. This is low-cost operation, and if successful, it will allow for the reinstatement of the site with produced water trucked to Brockham for injection.

Production will continue to be monitored, and an assessment is being undertaken to determine if BRX4Z, a suspended offset well, can be commercially brought into production to increase recovery from the Portland reservoir.

Asset back online and a new well then

Low cost revenue

Update on this soon I recon

“ This advanced system is now being primed for deployment in Morocco, where it will play a crucial role in the region’s burgeoning green hydrogen production ecosystem.”

https://www.innovationnewsnetwork.com/uk-startup-oort-energy-is-set-to-revolutionise-green-hydrogen-electrolysis/51646/

Check LinkedIn post recently 🤔

4weeks ago

It was a real pleasure to attend the official tour and launch of the 1MW green hydrogen electrolyser alongside partners Oort Energy, UM6P - University Mohammed VI Polytechnic, other investors and industry leaders yesterday. The electrolyser was turned on at Oort’s site in Grantham generating green hydrogen using just solar power and was a key first step before testing its capacity in a larger industrial setting.

 

Congratulations to all involved in reaching this significant milestone and we look forward to the next phases of the project's evolution. 

 

#greenhydrogen #transitionalenergy #futurepower

Https://international-partnerships.ec.europa.eu/countries/mauritania_en

Https://international-partnerships.ec.europa.eu/policies/global-gateway/initiatives-sub-saharan-africa/eu-africa-global-gateway-investment-package_en

Sustainable financing: key areas

Grants and loans

The financing of the Global Gateway Africa-Europe Investment Package includes the EU and the EU Member States’ bilateral aid, and both grants and loans. The Investment Package is also attracting private funding, targeting investment from both Africa and Europe.

The EU helps mobilising investment by sharing risks involved in investing through blended finance and guarantees.

Global Green Bond Initiative

The EU seeks to support partner countries in developing and scaling up their green bond markets, and so help them to attract greater financing from the international capital markets and institutional investors for their sustainable investment. This is done by:

providing Technical Assistance to partners, and

attracting private investors

Special Drawing Rights

On 14 October 2022, the EU signed a €100 million grant agreement for the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust (PRGT). It will allow the IMF to make about €630 million worth of zero interest loans for PRGT-eligible African, Caribbean and Pacific (ACP) countries facing balance of payments difficulties. This comes in addition to Special Drawing Rights rechanneling from EU Member States. Access to affordable finance is key to help these countries maintain macroeconomic stability in the context of economic and food crisis worsened by Russia’s war of aggression against Ukraine. The EU’s contribution reflects its commitment to find multilateral solutions to today’s most pressing challenges and complements EU Member States’ pledges to channel SDR contributions.

While the government says that six projects will be carried out by the five sets of developers, it has not identified or provided any information about the projects, nor has it stated which of developers will be building more than one project.

🧐

https://www.hydrogeninsight.com/production/morocco-approves-six-green-hydrogen-projects-with-a-total-investment-value-of-32-8bn/2-1-1789524?zephr_sso_ott=7C39CY

Https://www.cleanenergyministerial.org/content/uploads/2025/02/northwesteuropeanhydrogenmonitor-2022.pdf

Check out page 51 👀

Backed by Snam, TAG, Gas Connect Austria, and BayerNet, the project was pushed through during the 2022 energy crisis under the guise of “energy security.” It has since then been listed as a Project of Common and Mutual Interest, a 2025 Global Gateway flagship project, and a key piece of the EU’s RePowerEU plan, which sets a target of 20 million tonnes (Mt) of green hydrogen by 2030.

Brussels, 17 March 2025 - A coalition of 87 civil society organizations and networks express their opposition to the South H2 Corridor in a joint statement released today. The construction of the 3,300 km hydrogen pipeline from North Africa to Germany via Italy was endorsed by governments in joint declaration signed fifty days ago.

Support is underway for low-carbon hydrogen, “particularly in conjunction with nuclear power,” the European Commission’s vice president said. The EU has until now refrained from subsidizing nuclear energy projects. However, it is preparing a package for the development of the technology for small modular reactors (SMRs) and scientific research.

Electrolyzers powered by nuclear plants produce so-called pink hydrogen. Another low-carbon version is blue hydrogen, made directly from methane – fossil gas, but with the carbon dioxide emissions captured and (permanently) stored. Green hydrogen is the one from water electrolyzed using renewable electricity.

Wow imagine 🤔

We are pleased to have recently received considerable, high-level support from the European Commission, with Mauritania being selected as a key partner in the EU's Global Gateway initiative for future hydrogen exports and green steel production. This highlights opportunities that will be mutually beneficial in the long term. Our will is firm to continue to coordinate with our partners and encourage the industry through the development of major energy projects such as Nour."

https://energynews.pro/en/the-european-union-announces-third-hydrogen-production-tender-with-e1-billion-funding/

Investment and Financing

The project’s scale requires substantial capital. While exact figures for Nour aren’t fully public, initial estimates from Chariot and partners suggest a $3-5 billion investment for the first phase, with the full 10 GW potentially reaching $10-15 billion. This aligns with broader estimates for Mauritania’s green hydrogen ambitions, where total investment across multiple projects could hit $25-40 billion by 2050. Funding will likely blend private capital (e.g., from Chariot and TotalEnergies via TE H2), government backing, and international support, such as the EU’s Global Gateway initiative, which has earmarked Mauritania as a key hydrogen partner. The recently approved Green Hydrogen Bill (circa March 2025) enhances attractiveness by offering tax incentives—VAT and export tax exemptions, reduced import duties, and a progressive corporate tax starting at 15%—lowering the financial burden and risk for investors.

### Revenue Potential

Revenue streams stem from both domestic use and exports. Domestically, hydrogen will fuel green steel production, tapping into Mauritania’s iron ore industry (a top global exporter). Converting iron ore to steel with green hydrogen could add $1-2 billion annually to GDP, given steel’s higher value and growing demand for low-carbon products. For exports, green ammonia—a hydrogen derivative—is the focus, targeting Europe via the deep-sea port of Nouadhibou. Europe’s hydrogen demand could reach 4.6 million tons by 2030, with prices around $3-5/kg for imported green hydrogen or $400-600/ton for ammonia. If Nour scales to 1-2 million tons annually (feasible with 10 GW), export revenues could exceed $3-5 billion yearly, bolstered by off-take agreements

Because we’ve retained such a huge portion of the pie 50% there is plenty of options to us

Id take a stab at a green conglomerate buying our stake

Transport infrastructure—whether pipelines to Europe or ammonia shipping—requires further investment, potentially $1-2 billion more. Price volatility in ammonia markets (historically $200-600/ton) and competition from other producers (e.g., Morocco, Australia) could pressure margins. Mauritania’s nascent regulatory environment and reliance on foreign tech and funding also introduce uncertainty, though the Green Hydrogen Bill mitigates some of this.

### Broader Implications

If successful, Project Nour could make Mauritania a linchpin in Africa’s green hydrogen economy, contributing 10-12.5 million tons annually to global supply by 2050 (per IRENA estimates). It aligns with decarbonization trends, offering a model for resource-rich nations to monetize renewables. For every dollar invested, returns could multiply through export earnings, industrial value-add, and socio-economic gains, potentially yielding a 2-3x economic multiplier over decades.

In essence, Project Nour’s economics rest on low-cost production and strategic positioning, promising billions in revenue and GDP growth, though tempered by execution risks and market maturation. It’s a high-stakes bet on a clean energy future, with Mauritania poised to reap outsized rewards if the pieces align.

Https://solarquarter.com/2024/06/26/mauritanias-34-billion-green-hydrogen-project-highlights-africas-fdi-momentum/

Https://energynews.pro/en/the-european-union-announces-third-hydrogen-production-tender-with-e1-billion-funding/

EU/BANK OF MAURITANIA/TOTAL

plenty of options, the amounts are staggering