Africa

Companies & Finance

Maputo gives approval to Shell’s Cove acquisition

Royal Dutch Shell has received written consent from the government of Mozambique for the $1.8 billion acquisition of Cove Energy, which holds an 8.5% interest in one of Mozambique’s most prospective offshore licences.

10 May 2012
Companies & Finance

Conoco to sell Nigerian assets

ConocoPhillips has hired French bank BNP Paribas to sell its Nigerian assets, Reuters reported on Wednesday.

9 May 2012
Companies & Finance

First Bank of Nigeria commits to financing oil and gas projects in Nigeria

First Bank of Nigeria has committed over NGN 500 billion ($3.2 billion) to financing oil and gas projects in Nigeria, Business Day Online reported on Friday.

4 May 2012
Exploration & Production

Kenyan energy minister optimistic about further oil and gas discoveries

Kenya has the potential of striking oil and gas deposits in 18 blocks in Mandera County, the Rift Valley region, the Eastern and North Eastern region and Lamu on the coast, Permanent Secretary at the Ministry of Energy Patrick Nyoike told a parliamentary energy committee, Kenya’s Business Daily reported on Friday.

4 May 2012
Exploration & Production

Kenya energy ministry denies claims it is selling Turkana blocks to explorers

Kenya’s Ministry of Energy has denied claims it is selling several blocks of land in Turkana to oil explorers, allAfrica.com reported on 2 May.

3 May 2012
LNG

Kenya appoints consultants to look at LNG project

The Kenyan government has commissioned a pair of consultants to provide an environmental assessment of plans to build a small LNG terminal at Mombasa. The consultants are UK-based Mott MacDonald and Kenyan group Kurrent Technologies.

3 May 2012
Exploration & Production

Total attempts to plug Nigerian gas leak

France’s Total has said the gas leak on the OML 58 licence in Rivers State, Nigeria, should be stopped within a few weeks, after the company flew in specialist equipment from Europe and the US.

2 May 2012
Exploration & Production

‘No assurances’ that Ziwani will be commercial

London-listed Wentworth Resources can still give no assurances that gas flow from the Ziwani-1 well onshore Tanzania will be commercial, in what some analysts are calling a “very disappointing” result for the company.

2 May 2012
Exploration & Production

Serica announces that seismic work has begun on Namibia blocks

Serica Energy announced on Tuesday that seismic work has begun on its blocks 2512A, 2513A, 2513B and 2612A in the Luderitz Basin, offshore Namibia.

1 May 2012
Exploration & Production

Algeria’s hard line shows signs of easing

There are signs that Algeria is adopting a more investor friendly approach in the oil and gas sector. But oil and gas companies have seen this all before.

1 May 2012
Exploration & Production

Australian explorers commission Kenyan seismic study

Australian explorers FAR and Pancontinental said on Monday that they have commissioned Norwegian group Fugro-Geoteam to conduct a 3D seismic survey in the L-6 block offshore Kenya.

30 April 2012
Companies & Finance

Tanzania government approves purchase of Tanzania Mnazi Bay Ltd.

The Tanzanian government has approved the Wentworth’s purchase of Cove Energy Tanzania Mnazi Bay Ltd (CETMBL), Wentworth said in a statement.

27 April 2012
Pipelines, Storage & Power

Nigeria signs gas pipeline contracts

Nigeria’s Federal Executive Council approved a series of gas pipeline contracts worth NGN 100 billion ($635 million) on Wednesday, according to a report in the Daily Trust newspaper.

27 April 2012
Companies & Finance

Tanzania government approves purchase of Tanzania Mnazi Bay Ltd.

The Tanzanian government has approved the Wentworth’s purchase of Cove Energy Tanzania Mnazi Bay Ltd (CETMBL), Wentworth said in a statement.

26 April 2012
LNG

Shell open to boosting acreage in East Africa, says CFO

Royal Dutch Shell could be interested in taking further acreage in Mozambique, Chief Financial Officer Simon Henry told journalists during a conference call on Thursday. “We’re open to business. We are open to offers, he said.

26 April 2012
Exploration & Production

Statoil buys into Ghana block

Statoil has bought into the Deepwater Tano/Cape Three Points licence in Ghana, the company said in a statement on Wednesday.

25 April 2012
Exploration & Production

SeaBird exploraion secures $5.5 mln contract

Oslo-listed SeaBird Exploration has secured a $5.5 million contract to conduct 2D seismic work in East Africa.

25 April 2012
Companies & Finance

PTTEP considers options after Shell matched $1.8 billion Cove bid

Royal Dutch Shell has matched PTT’s $1.8 billion offer for Cove Energy and secured the recommendation of Cove’s board, the supermajor said in a statement on Tuesday. Responding to Shell’s move, PTT said it was “considering its options and will make a further announcement as and when appropriate.”

24 April 2012
Policy & Regulation

Nigeria cancels audit contracts for subsidy programme

The Nigerian Finance Ministry has cancelled the contracts of two accounting companies responsible for auditing the government’s fuel subsidy programme, Reuters reported over the weekend.

23 April 2012
Global Markets

Nigerian security situation improving - Voser

The overall security situation in Nigeria is improving, Royal Dutch Shell’s Chief Executive Peter Voser said in a speech in London on Wednesday.

18 April 2012

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