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LNG

Freight rates expected to pick up steam

Freight rates, which slumped in late February and March, are expected to gain traction in Q2 2013 as a number of plants return from maintenance and several buyers launch tenders.

4 April 2013
Pipelines, Storage & Power

Tender closes for CCGT plant fed by Kudu gas

Namibia’s state-owned power company has completed the first stage in a tender process for a combined cycle gas turbine (CCGT) power plant supplied by the offshore Kudu field, in a further sign of progress for the delayed project.

3 April 2013
Companies & Finance

Tanzania port project announcement expected

Chinese President Xi Jinping is expected to unveil plans to build a $10 billion port project in Bagamoyo in Tanzania during his first visit to Africa as head of state, Philip Marmo, Tanzania’s ambassador to China, told the Chinese newspaper 21st Century Business Herald.

25 March 2013
LNG

Mozambique coal protests a sign of things to come for gas?

Mozambique gas producers should take note of the protests against coal projects in Tete Province as they could see similar disruption when construction begins later this decade.

25 March 2013
LNG

Mozambique LNG partners need to be ‘nimble’ in talks – OIES

The operators of Mozambique LNG will need to be “nimble” in selling their product to Asian buyers as the global LNG market enters a period of intense competition, a new paper from the Oxford Institute for Energy Studies has said.

19 March 2013
Pipelines, Storage & Power

WAGP on track for 30 April startup

The West Africa Gas Pipeline has started recommissioning work and is on course to start up on 30 April, Interfax has learned.

19 March 2013
Companies & Finance

Vanoil makes bid for Avana Petroleum

Toronto-listed minnow Vanoil Energy has made a bid for Avana Petroleum, a small company with assets in the Seychelles and Kenya, the company said in a statement on Friday.

18 March 2013
Companies & Finance

CNPC’s arrival in Area 4 credit positive for Eni – Moody’s

Eni’s agreement to sell a 20% stake in an offshore Mozambique gas field to China National Petroleum Corp. (CNPC) reduces the Italian major’s risk exposure to the project, Moody’s Investor Services said in a note on Monday.

18 March 2013
Exploration & Production

Statoil drillship due in early April

The Discoverer Americas drillship is due to arrive in East Africa in early April to take over drilling from the Ocean Rig Poseidon, a Statoil spokesman told Interfax on Monday.

18 March 2013
Companies & Finance

CNPC pays competitive price for Eni Mozambique stake

CNPC has managed to secure a stake in one of the gas industry’s most promising assets, in a transaction that roughly matches the Cove Energy deal last year.

14 March 2013
Policy & Regulation

Egypt grapples with energy price reform

The $4.8 billion IMF loan may be a vital economic lifeline for Egypt’s deteriorating economy, but it hinges on energy subsidy reform that the government still seems unwilling - or even politically unable - to implement.

12 March 2013
Supply & Demand

Eni CEO backs Libya as stable gas supplier

Eni CEO Paolo Scaroni has backed Libya as a stable source of gas, despite the disruption caused last week by militant attacks that temporarily suspended output from the Mellitah gas complex, according to the UPI news agency.

12 March 2013
Supply & Demand

Tanzania faces 18 months of power cuts

Tanzania Electric Supply Co. said on Tuesday that Tanzania faces 18 months of power cuts because of supply problems, according to ESI-Africa.

12 March 2013
Pipelines, Storage & Power

Sasol conducting site work at Ressano Garcia

South African group Sasol is conducting site work at Ressano Garcia ready for construction of a gas-fired power plant in Mozambique, Chief Executive David Constable said on a conference call with analysts on Monday, according to Seeking Alpha.

12 March 2013
Companies & Finance

Gasol raises bond for Benin LNG development funds

West Africa-focused Gasol has begun drawing on a bond issue to pay for costs related to the development of an LNG import terminal project in Benin.

8 March 2013
Companies & Finance

Eni in talks with CNPC for Mozambique stake

Italy’s Eni has been in talks with China National Petroleum Corp. for at least six months over the proposed sale of a stake in a Mozambique gas project, which could be worth up to $4 billion, Bloomberg reported on Wednesday, citing unidentified sources.

7 March 2013
Exploration & Production

TPDC to make announcement about licensing round in June

Tanzania Petroleum Development Corp. plans to make an announcement about the country’s delayed licensing round in June at the American Association of Petroleum Geologists Annual Convention & Exhibition in Pittsburgh, Nick Blake, business development manager of ION Geoventures – which is marketing the blocks – told Interfax on Wednesday.

6 March 2013
Companies & Finance

Ophir to raise $843.69 milllion in placing and rights issue

East Africa-focused Ophir Energy plans to raise £553 million ($834.69 million) in a placing and rights issue, the Financial Times reported on Tuesday.

6 March 2013
Companies & Finance

Anadarko and Videocon auction 20% Rovuma stake

United States oil and gas explorer Anadarko Petroleum and India’s Videocon will hold an auction for a 20% stake in their huge Rovuma gas field offshore Mozambique that could fetch more than $4.5 billion, the Financial Times reported on Tuesday.

6 March 2013
Exploration & Production

Statoil rig sails to East Africa poised for more drilling

The Discoverer Americas rig is sailing from the US Gulf of Mexico to the east coast of Africa to begin work exploring in Mozambique and Tanzania, Statoil’s Head of Exploration Tim Dodson told Interf

6 March 2013

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