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Exploration & Production

Eland looks to list in London for Nigeria funding

Nigeria-focused Eland Oil & Gas could list on London’s Alternative Investment Market (AIM) around the end of June if all goes well on an investor roadshow, a company spokesman told Interfax on Monday.

18 June 2012
Pipelines, Storage & Power

Tanzania to borrow money for pipeline share

Tanzania will have to borrow the money needed to finance its share of building a gas pipeline from Mtwara to Dar es Salaam, the country’s finance minister said in his 2012-13 budget announcement on Thursday.

15 June 2012
Exploration & Production

Tanzania gas find for Statoil

Statoil announced another gas discovery offshore Tanzania on Thursday, increasing preliminary resources on its Block 2 by 3 trillion cubic feet (85 billion cubic metres).

14 June 2012
Pipelines, Storage & Power

Songas seeks delayed payments from Tanesco

Tanzanian gas-to-power producer Songas is owed $30 million by the Tanzania Electric Supply Co. (Tanesco) for power payments this year, Songas Managing Director Chris Ford told Interfax on Wednesday.

13 June 2012
Supply & Demand

Aggreko secures South Africa supply contract

Aggreko said on Monday that it has secured a $250 million contract to supply power to both South Africa and Mozambique, ESI Africa reported on Monday.

12 June 2012
Supply & Demand

Nigeria makes $9 billion from LNG exports

Nigeria has made $9 billion over eight years from LNG exports, a former special adviser to late President Umaru Yar’Adua said on Monday, according to the Business Day newspaper.

12 June 2012
Pipelines, Storage & Power

NDPHC awaits gas

The Niger Delta Power Holding Co. (NDPHC) has three power plants with a combined generating capacity of 1,000 MW waiting for an adequate supply of gas to come online, the Spy Ghana website reported on Monday.

11 June 2012
Global Markets

Tanzanian president leads delegation to UAE

Tanzania’s President Jakaya Kikwete has led a delegation to the United Arab Emirates to encourage companies in the region to invest in the gas finds made offshore East Africa, Arab News reported over the weekend.

11 June 2012
Exploration & Production

Tullow to drill South Omo before end of year

Tullow Oil will begin drilling an exploration well in the South Omo Basin in Ethiopia before the end of the year, local newspaper The Reporter said on Monday.

11 June 2012
Policy & Regulation

Chinese CBM firm fails environmental review in Zimbabwe

A Chinese company has been ordered to stop CBM exploration in Zimbabwe after failing an environmental impact assessment (EIA).

11 June 2012
Exploration & Production

Mozambique gas find pushes Cove higher

Investors are betting that another major gas find in Mozambique will prompt either Royal Dutch Shell or another bidder to trump PTT’s $1.92 billion offer for Cove Energy.

11 June 2012
Supply & Demand

Drop in European gas demand ‘short term’ – Algerian minister

The economic crisis is taking its toll on gas demand in Europe, but there should be a recovery next year, Algeria’s Energy Minister Youcef Yousfi said at the World Gas Conference on Thursday.

7 June 2012
LNG

Algeria welcomes US to Gas Exporting Countries Forum

The United States’ entrance into the global market through the export of its own LNG will not seriously impact the position of exporters such as Russia and Algeria, Algerian Energy and Mines Minister Youcef Yousfi said at the World Gas Congress in Kuala Lumpur.

7 June 2012
Policy & Regulation

Nigeria’s energy bill faces close scrutiny

Government assurance that a new draft of long-delayed legislation to revamp Nigeria’s energy sector will be completed in June will be welcomed by international oil companies (IOCs). However, it could yet run into political problems, as the terms may disappoint those hoping for greater transparency and more income from the sector in Nigeria.

1 June 2012
An aerial photo of northern Uganda Pipelines, Storage & Power

Uganda to use gas to generate electricity – minister

Big oil finds in Uganda’s Lake Albert also include associated gas that is desperately needed to alleviate a crisis in the country’s energy supply.

1 June 2012
Exploration & Production

Logbaba pipeline finished, revenues expected July

Victoria Oil and Gas has completed the second stage of its gas pipeline from the Logbaba project in Cameroon to industrial customers in one of the country’s largest cities, Douala.

1 June 2012
Pipelines, Storage & Power

Decision on Tanzania's $1 billion pipeline 'imminent'

A final decision on the construction of a pipeline connecting Mnazi Bay with capital city Dar es Salaam in Tanzania is “imminent” as the financing is almost in place, Wentworth Resources Managing Director Geoff Bury told Interfax this week.

31 May 2012
Companies & Finance

Orca sales up by 45%

Tanzania-focused Orca Exploration released first quarter results on Thursday, which showed a 45% increase in sales of additional gas to 1.5 MMcm/d.

31 May 2012
Exploration & Production

Bounty begins Tanzania seismic work

Australian group Bounty Oil and Gas has begun 2D seismic work in the Nyuni Block offshore Tanzania, the company said earlier this month.

31 May 2012
Companies & Finance

PTT set to acquire Cove Energy

Thai state-owned company PTT has secured approval from the Mozambique government to proceed with its acquisition of London-listed Cove Energy.

30 May 2012

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