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Companies & Finance

Novatek to abandon upstream business in Egypt

Novatek will abandon its upstream business in Egypt because of the political instability and deteriorating security situation, Anatoliy Chomachka, a diplomat at the Russian embassy in Cairo, told Aswat Masriya on Sunday.

25 February 2013
Pipelines, Storage & Power

Nigerian SPAs signed for power sector

The preferred bidders for power-generating assets in Nigeria signed sales and purchase agreements late last week as the government pushed through the privatisation process.

25 February 2013
Exploration & Production

In Amenas lays bare risk in North Africa

The In Amenas hostage crisis could mark a new phase of instability in North Africa – one that brings with it many risks for oil and gas companies

22 February 2013
Exploration & Production

Chariot seeks gas as well as oil in Morocco

London-listed Chariot Oil & Gas has identified two gas plays in Morocco as well as a couple of oil prospects, the company’s chief executive told Interfax this week.

21 February 2013
Exploration & Production

Anadarko to test North African shale potential

The US independent is looking to export its shale expertise to Algeria, Tunisia and Morocco, citing favourable or improving above-ground conditions. Meanwhile, it is aiming for 50 mtpa of liquefaction capacity in Mozambique.

21 February 2013
Pipelines, Storage & Power

Ghana suffers weeks of blackouts

Ghana has experienced a series of blackouts over recent weeks, the Ghanaian Chronicle said on Wednesday.

20 February 2013
Policy & Regulation

Egyptian government raises price of domestically produced gas by 50%

The Egyptian government has raised the price of domestically produced gas by 50%, industry sources told Reuters on Tuesday.

20 February 2013
Pipelines, Storage & Power

Ughelli deal due to be signed this week

The preferred bidder for the Ughelli thermal generating company is set to sign the final agreement for it this week, one of the consortium members told Interfax on Wednesday.

20 February 2013
Companies & Finance

Strong 2013 outlook all round for MEA-focused Circle Oil

Circle Oil plans to more than double gas production in Morocco by the end of the year, bringing output up from 5 million cubic feet per day (141.6 thousand cubic metres per day: Mcm/d) to between 280

19 February 2013
Policy & Regulation

Privatisation update expected this month

Nigeria’s Bureau of Public Enterprises (BPE) is likely to make an announcement about the privatisation of electricity assets this month, a spokesman for the government body told Interfax on Tuesday.

19 February 2013
Exploration & Production

In Amenas site close to partial restart – report

The gas facility near In Amenas is on the verge of partially restarting after the hostage crisis last month, an Algerian newspaper claimed this week.

14 February 2013
Exploration & Production

EGAS closes offshore licensing round

Egyptian Natural Gas Holding Co.’s (EGAS’) second oil and gas licensing round is due to close on Wednesday.

13 February 2013
Pipelines, Storage & Power

West African Gas Pipeline still offline

The West African Gas Pipeline is still offline after a tough year in 2012 due to supply problems and damage to the pipeline, Interfax has learned.

13 February 2013
Exploration & Production

Tanzania offshore bid round delayed until Q4

Tanzania’s fourth offshore licensing round will be delayed until at least Q4 2013, with multiple sources saying it is because of the fraught political atmosphere surrounding the new gas legislation.

12 February 2013
Exploration & Production

Rialot says Ivory Coast discoveries could be 4.79 bcm 2P

London-listed Rialto Energy said on Monday that existing discoveries in the Gazelle and Hippo/Bubale structures offshore Ivory Coast could hold proven and probable reserves of 4.79 bcm.

11 February 2013
Pipelines, Storage & Power

Egypt to add 2,800 MW of generation capacity in 2013

The Egyptian government plans to add 2,800 MW of power generating capacity to the national grid this year, according to a report in the Egypt State Information Service that quotes Electricity and Energy Minister Ahmed Imam.

11 February 2013
Supply & Demand

Explosion at Mozambique plant causes power cuts

An explosion at a Maputo power plant has caused power cuts across southern Mozambique, according to a report from the AIM news agency on Sunday.

11 February 2013
LNG

Damietta LNG plant out of gas

A lack of gas supply means the Damietta LNG plant in Egypt is not operating, operator Union Fenosa Gas said on Thursday according to Reuters.

8 February 2013
LNG

LNG import plan for WAGP to make up for Nigeria shortfall

UK-based company Gasol and its African partner Société BenGaz are hoping to take advantage of supply disruptions in Nigeria to feed gas into the West Africa Gas Pipeline (WAGP) via a regasification

8 February 2013
LNG

Anadarko mulls mixed-index pricing for Mozambique LNG

Anadarko wants to secure oil-linked contracts for future LNG sales from Mozambique, but buyers are looking for diversity in indexation.

7 February 2013

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