Africa

Companies & Finance

Genel Energy signs Morocco agreement

Genel Energy has signed a petroleum agreement with Morocco’s Office National des Hydrocarbures et de Mines (ONHYM), which grants Genel a 75% equity interest and operatorship of the Mir Left Offshore Block, offshore Morocco

21 November 2012
Exploration & Production

Kenyan violence poses threat to business environment

Upcoming elections and the invasion of Somalia have fermented unrest in Kenya, threatening to sour the country’s business environment and derail foreign investment in oil and gas exploration.

20 November 2012
Policy & Regulation

Schlumberger plans $9 million investment in Tanzania for 2013

Schlumberger is set to increase spending in Tanzania by 66% next year, as it jostles to secure a position as a key oilfield services provider in the country’s booming offshore gas industry.

20 November 2012
Exploration & Production

East African piracy on the back foot but risks not gone yet

Exploration and production offshore Tanzania and Mozambique could be targeted by militant groups from further north that are coming under increasing pressure in their traditional hunting grounds offshore Somalia.

19 November 2012
Companies & Finance

Total sells Nigeria stake to Sinopec

Total has sold its 20% stake in the offshore OML 138 licence in Nigeria to Sinopec for $2.5 billion, the French company announced on Monday.

19 November 2012
Exploration & Production

Tanzania and Malawi head for arbitration

The Tanzanian and Malawian governments have failed to come to an agreement over where the boundary lies between their two countries.

19 November 2012
Exploration & Production

Ophir outlines exploration plans for 2013

Ophir Energy will drill 12-15 exploration wells next year and is targeting 1 billion barrels of oil equivalent of net risked prospective resources, the company’s chief executive said in a statement on Thursday.

16 November 2012
Exploration & Production

Somali gas reserves understated – former govt adviser

Somalia could have reserves of more than 200 billion cubic feet (5.66 billion cubic metres) of natural gas, according to Ali Abdullahi, the chief executive of Amsas Consulting Somalia and a former Somali Government special adviser.

14 November 2012
Exploration & Production

Tullow restarts Kudu negotiations

Tullow Oil has resumed negotiations with state-owned NamPower to develop the Kudu gas project in Namibia, the company said on Wednesday.

14 November 2012
Companies & Finance

Afren Q3 profit up on Nigeria production

London-listed Afren made a net profit of $146 million in Q3, almost 120% higher than the same quarter a year ago, the company said on Tuesday.

13 November 2012
Exploration & Production

Kenya’s Lamu Basin similar to Mozambique finds

The Lamu Basin in Kenya has similar geological characteristics to the huge offshore finds made in Mozambique, a senior petroleum geologist at the Kenyan Ministry of Energy has told Interfax.

13 November 2012
Companies & Finance

Total CEO quiet on Sinopec Nigerian block purchase report

Total’s chief executive would not deny a report that the company was in talks to sell $2.4 billion worth of assets in Nigeria to China's Sinopec, when pressed by reporters at an energy conference in Abu Dhabi this weekend.

12 November 2012
LNG

Egypt woes could affect Chilean cargoes – BG

BG Group has warned Endesa and Chilean state-owned ENAP that there may not be as many LNG cargoes delivered to Chile as they were expecting because of problems with Egyptian production.

8 November 2012
Policy & Regulation

Ghana learns the Norwegian way

Norway is helping Ghana through the bureaucratic jungle that sprouts around an oil boom.

6 November 2012
Policy & Regulation

Tanzania: domestic market is top priority

The first draft of Tanzania’s long-awaited gas policy document shows an emphasis on the domestic market. Should investors in the big offshore LNG export projects be worried?

6 November 2012
Companies & Finance

Development agencies close financing for Ivory Coast power project

A group of international financing agencies have reached financial close on a $450 million deal to expand the Azito gas-fired power station project in Ivory Coast.

2 November 2012
Policy & Regulation

Ghana likely to place power before politics

Ghana’s need for more power capacity makes it unlikely that a new government will slow down development by seeking a radical overhaul of deals with China.

30 October 2012
LNG

NLNG disruption to squeeze European market - Barclays

The disruption to Nigerian LNG cargoes caused by flooding and theft will put further pressure on an already tight European market, analysts at Barclays Capital said in a research note on Monday.

29 October 2012
Companies & Finance

View from the ground: the Niger Delta

Interfax speaks to Adrian Tomlinson, an experienced programme delivery leader, about the challenges of delivering energy infrastructure projects in the Niger Delta, Sierra Leone and Tanzania – Africa’s most risky regions.

29 October 2012
LNG

LNG prices at Spainish ports up

Prices for LNG cargoes arriving in Spanish ports have edged marginally higher over the course of the month, in part as a result of Royal Dutch Shell’s force majeure at Nigeria’s LNG export facility.

24 October 2012

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