Ubungo gas-fired power plant in Tanzania. Pipelines, Storage & Power

Power Africa provides welcome boost for gas

Gas is the clear winner from Power Africa so far, with nearly two-thirds of capacity developed under the initiative being gas-fired.

By Ian Nkala 21 September 2017
Exploration & Production

Total in Yemen

Total has acquired a 40% stake in the Block 3 exploration licence in Yemen from Oil Search, the French major said in a statement on Monday.

6 March 2012
Exploration & Production

Chariot to drill first Namibia well in April

London-listed Chariot Oil & Gas has secured a drilling rig for a one well programme on the Tapir South prospect offshore Namibia.

6 March 2012
Policy & Regulation

Libya confounds sceptics after civil war

Despite a focus on reviving the all-important oil industry, Tripoli is unlikely to sideline investment plans for the gas sector

5 March 2012
Companies & Finance

ONGC and Gail India may not bid on Cove Energy

Indian state-owned firms ONGC and Gail India may not put in a bid for London-based Cove Energy if the Mozambique government enforces a capital gains tax on the sale of the company, the Times of India reported on Monday, quoting a source familiar with the deal.

5 March 2012
Companies & Finance

Algeria approves $1.8 bln Anadarko tax payout

The Algerian government has approved a change to Anadarko Petroleum’s producing sharing agreement (PSA) that brings to an end a four year dispute over tax, the United States company announced in a statement on Monday.

3 March 2012
Companies & Finance

Cove seeks clarity over Mozambique tax comments

London-listed Cove Energy said it was “seeking clarity” about press reports earlier in the week that raised the possibility of a tax charge on its 8.5% stake in the Offshore Area 1 block in Mozambique.

2 March 2012
Supply & Demand

Kenya-Ethiopia Agreement

Kenya and Ethiopia have concluded a Power Purchase Agreement under which Kenya will import up to 400 MW from Ethiopia annually, AllAfrica.com reported on Friday.

2 March 2012
Supply & Demand

Nigeria power crisis

Nigeria’s power crisis is worsening as total power output in the country fell from 4,400 to 3,775 MW because of a cut in gas supplies to power stations, Nigerian newspaper The Daily Trust reported on Thursday.

1 March 2012
Policy & Regulation

Egypt may turn to imports to meet surging gas demand

Egypt, one of North Africa’s largest gas exporters, may be forced to start importing gas in the medium-term if the government fails to address the country’s soaring energy demand.

1 March 2012
Companies & Finance

Victoria Oil & Gas almost triples net losses

UK-listed Victoria Oil & Gas made a net loss of $2.335 million in the first half of the financial year ending 30 November 2011, the company said in a London Stock Exchange announcement on Wednesday. The loss is 180% larger than the deficit in the same period of 2010.

29 February 2012
Companies & Finance

Bidding war breaks out for Cove

A consortium of India’s ONGC and GAIL is the largest potential bidder for East Africa-focused explorer Cove Energy. The companies, which confirmed on Tuesday that they were interested in Cove, join Thai state-owned group PTT and Anglo-Dutch supermajor Royal Dutch Shell in pursuing the UK-listed independent.

28 February 2012
Exploration & Production

Shell leads South Africa upstream push

Driven by growing domestic demand for gas, the South African government is opening up more offshore and onshore areas for exploration. Anglo-Dutch super-major Royal Dutch Shell is principal among the companies hoping to take advantage of this.

27 February 2012
Exploration & Production

Aminex results confirm gas find

UK-listed explorer Aminex announced further drilling results from the Ntorya 1 well in Tanzania on Monday.

27 February 2012
Companies & Finance

NNPC delays stake divestment for Brass LNG

An attempt by the Nigerian National Petroleum Corporation’s (NNPC) to divest 19% of its stake in the Brass LNG project has been indefinitely delayed, it has emerged this week.

24 February 2012
Exploration & Production

Statoil’s first well in Tanzania shows promising results

Logging results from Statoil’s Zafarani exploration well offshore Tanzania shows the Block 2 discovery has up to 142 billion cubic metres of gas in place

24 February 2012
Pipelines, Storage & Power

Nigerian power deal rounds off US trade mission

United States company Symbion Power and Nigeria’s Transnational Corporation of Nigeria (Transcorp) signed a partnership agreement in Lagos this week to look at joint investment in the country’s ailing power sector.

23 February 2012
Companies & Finance

Shell seeks Mozambique approval of Cove bid

Royal Dutch Shell unveiled a £992.4 million ($1.56 billion) proposed offer for Cove Energy, an East Africa-focused explorer, on Wednesday in a further sign of the excitement generated by the emerging gas play in Mozambique.

22 February 2012
Exploration & Production

Lagosta 3 well continues Mozambique success

United States company Anadarko announced encouraging appraisal results for the Lagosta 3 well offshore Mozambique on Tuesday.

21 February 2012
Pipelines, Storage & Power

Lagos power shortages after storms

Major cities in Nigeria continue to face severe power shortages as the country’s crumbling infrastructure struggles to cope with demand.

21 February 2012
Exploration & Production

Tullow Oil completes farm-down of Ugandan licences

Tullow Oil announced on Tuesday that has completed the farm-down of its Ugandan licences to Total and China National Offshore Oil Corp.

21 February 2012

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