Petroceltic’s Algeria AT-9 well. Algeria is pushing to increase its gas output. (Petroceltic) Companies & Finance

Algerian energy minister continues shake-up

The head of the Algerian oil and gas licensing agency, Alnaft, has been replaced in what could be a sign of sweeping changes to come.

By Verity Ratcliffe 24 March 2017
Alternative Fuels

Finland’s Wärtsilä to build 15 MW PV solar plant in Burkina Faso

Finnish energy manufacturer Wärtsilä will build a 15 MW photovoltaic solar power plant in Burkina Faso that will be used to supply electricity to a gold mine.

27 March 2017
Pipelines, Storage & Power

NamPower and Eskom sign power deal

South African state-owned utility Eskom has signed a power-purchase agreement with Namibian state-owned utility NamPower.

27 March 2017
Companies & Finance

Oando to spend $1 billion on gas projects

Nigerian gas distribution company Oando plans to raise $1 billion to fund gas projects in the country.

27 March 2017
Companies & Finance

Shell will divest assets in Gabon by mid-2017

Shell has announced it is divesting its assets in Gabon and that it hopes to close the deal in mid-2017, the company said in an press release.

24 March 2017
Construction work at Angola LNG. The disputed blocks are 400 km from the plant. (Angola LNG) Exploration & Production

Sonangol/Cobalt dispute clouds Angolan upstream

Cobalt International Energy has issued a notice of dispute to Sonangol after the Angolan state-owned company pulled out of a project, leaving Cobalt with assets it has struggled to sell.

24 March 2017
Companies & Finance

Sinopec pays $900 mln for Chevron African assets

Chinese state-owned Sinopec has agreed to pay $900 million for a 75% interest in United States-based Chevron’s assets in South Africa and 100% of its assets in Botswana.

23 March 2017
Exploration & Production

Eni awarded two exploration blocks off Ivory Coast

Eni has won two new exploration blocks 50 km off Ivory Coast, the company announced on Wednesday.

23 March 2017
Companies & Finance

Sonatrach pulls in $5.6 bln in Jan-Feb 2017

Algeria’s state-owned Sonatrach has earned $5.6 billion in the first two months of 2017, up from $3.8 billion in the same period last year

23 March 2017
Drilling in Algeria’s Arzew region. The country is hoping to promote exploration. (Sonatrach) Exploration & Production

Algeria’s big exploration push

Algeria is going all out to attract investment from IOCs in its upstream sector in an attempt to boost oil and gas production in the long term.

23 March 2017
Companies & Finance

Nigerian contractors given 30 days to start work in Delta

The Nigerian government has given contractors 30 days to start stalled development work in the Niger Delta region or face prosecution.

22 March 2017
Companies & Finance

Bowleven considering asset farm-out

Edinburgh-based Bowleven is considering farming out some of its assets, among other options, to make the company more valuable.

22 March 2017
A new CEO could mean further changes are ahead for Sonatrach. (Sonatrach) Companies & Finance

More change at Sonatrach clouds future plans

The appointment of a new CEO at Sonatrach, the Algerian company’s sixth in the last seven years, casts further uncertainty over its strategic direction.

22 March 2017
Pipelines, Storage & Power

Technip awarded Ghana Sankofa contract

TechnipFMC has been awarded the onshore construction contract for the Sankofa offshore gas development.

21 March 2017
Pipelines, Storage & Power

Algerian exports down despite year-on-year gains

Italian pipeline imports from North Africa fell slightly in Week 11 from a week earlier as domestic demand continued to decline.

21 March 2017
Exploration & Production

Tullow announces $750 million rights issue

Tullow Oil will issue a $750 million rights issue to pay off debts from its exploration activities in sub-Saharan Africa.

20 March 2017
Alternative Fuels

GreenWish signs solar deal in Nigeria

Paris-based independent power producer GreenWish Partners will spend $280 million on building solar energy plants in Nigeria.

20 March 2017
Alternative Fuels

Eni starts construction of Algerian PV plant

Construction started at Eni’s photovoltaic plant in Bir Rebaa North in Algeria on Saturday.

20 March 2017
The Bonny Island LNG plant. It is unknown whether Nigeria will sell its stake in the facility. (Shell) Companies & Finance

New setbacks expected for Nigerian asset sale

Nigeria could face significant problems in selling some of its oil and gas assets, including poor security and a lack of regulatory clarity.

20 March 2017
Companies & Finance

South Africa’s Eskom and Coega sign MOU on nuclear plants

South African state-owned utilities Eskom and Coega Development Corp. have signed a memorandum of understanding on the country’s nuclear build programme.

17 March 2017
In the short term BP may supply LNG to Mozambique from its global portfolio. (BP plc) LNG

BP explores Moz LNG-to-power opportunities

BP, the offtaker for Mozambique's Coral FLNG project, is also looking at options to import LNG into the country to meet power demand.

17 March 2017

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