Africa

Exploration & Production

Anadarko discovers oil off Sierra Leone

Anadarko has discovered oil off the coast of Sierra Leone in the Jupiter 1 well, the company announced on Tuesday.

21 February 2012
Exploration & Production

Apache to increase Egypt investment

United States group Apache’s Chairman and Chief Executive G. Steven Farris pledged to spend $1 billion on oil and gas development in Egypt next year at a press conference in Cairo on Sunday, according to a report from the Kuna news agency.

20 February 2012
Exploration & Production

Statoil find draws attention back to Tanzania

After a series of blockbuster reserves announcements in neighbouring Mozambique, a find by Statoil and ExxonMobil has refocused attention on Tanzania’s offshore potential.

17 February 2012
Exploration & Production

Total acquires new offshore licences offshore Ivory Coast

Total has signed production sharing contracts in Ivory Coast for three new ultra-deep offshore licences. The French supermajor will operate the CI-514 licence with a 54% interest, in partnership with Canadian Natural Resources International (35%) and Ivory Coast's national oil company Petroci (10%).

17 February 2012
Companies & Finance

EIB confirms it will lend to Cameroonian gas-fired project

The European Investment Bank (EIB) will part finance a new gas-fired power station project in Cameroon alongside other multilateral and investment agencies.

17 February 2012
Exploration & Production

Aminex looks to repeat Tanzania offshore success on land

The size of exploration finds in Tanzania’s offshore has yet to be repeated onshore, but positive initial drilling results from London-listed explorer Aminex suggest there is still gas to be found.

16 February 2012
Exploration & Production

Investors find Algeria tough nut to crack

Algeria remains a tough place to do business, despite Tuesday’s approval of the $3 billion North Reggane project in the south-west of the country, an analyst told Interfax on Wednesday.

15 February 2012
Exploration & Production

Algeria authorises $3 bln development for six North Reggane fields

The Algerian government has authorised the $3 billion development of six fields of the North Reggane project in the Algerian Sahara desert, it announced on Tuesday.

14 February 2012
Exploration & Production

PetroTrans exchanges draft agreements with Djibouti over LNG export

Chinese company PetroTrans has exchanged draft agreements with the Djibouti government over the possibility of exporting gas from Ethiopia via its port, the company’s legal advisor Philip Hirschler told Interfax on Tuesday.

14 February 2012
Policy & Regulation

Nigerian government plans to raise electricity tariff

The Nigerian federal government plans to raise the price of electricity by up to 88% in order to incentivise the country’s struggling power sector and attract private investment, the Financial Times reported on Monday.

14 February 2012
Global Markets

PDP wins gas rich Bayelsa

Nigeria’s ruling People’s Democratic Party (PDP) has won the election for governor of Bayelsa state in the country’s oil and gas rich south.

13 February 2012
Exploration & Production

Orca needs infrastructure to sell extra Tanzanian gas

Toronto-listed Orca Exploration has begun drilling a new well on Songo Songo Island off the coast of Tanzania to help boost output from the field. But the company needs more gas infrastructure to be built on-land before it can start selling the extra gas.

9 February 2012
Exploration & Production

Aminex finds gas traces at Ntorya 1 well

East Africa-focused oil company Aminex has founded traces of gas at its Ntorya 1 exploration well in the Rovuma Basin onshore in Tanzania.

7 February 2012
Pipelines, Storage & Power

Pipeline problems cause Ghana power shortages

A sharp drop in volumes through the West Africa Gas Pipeline (WAGP) from Nigeria has forced countries that depend on the line to implement load-shedding to prevent blackouts.

7 February 2012
Exploration & Production

Chevron to quell Nigeria fire with relief well

US group Chevron is to begin drilling a relief well to help stop the Funiwa Deep 1A well from burning, two and a half weeks after a fire broke out aboard the now-sunk KS Endeavor drilling rig on the s

3 February 2012
Exploration & Production

Namibian offshore drilling set for H2

The Namibia government has approved BP’s farm-in to Chariot Oil & Gas’ acreage offshore Namibia, paving the way for exploration work to begin in the second half of 2012, Chariot said in a London S

2 February 2012
Companies & Finance

Investors undeterred by Nigeria turmoil

The nationwide disruption caused by strikes over a cut in fuel subsidies, as well as a series of bombings by northern militant group Boko Haram, have done little to boost investor confidence in Nigeria.

2 February 2012
Companies & Finance

Success in Egypt boosts KEC’s Q4 production figures

Riding on the back of higher oil and gas prices and an increase in production in Egypt, Kuwait Energy Company (KEC) reported a 27% rise in revenue in the fourth quarter 2011 compared to the same period the year before.

1 February 2012
Companies & Finance

Sonangol boss moves into government

Angolan President Jose Eduardo dos Santos appointed Sonangol’s Chairman Manuel Vicente to a new post in government this week in an indication that he could be a contender to replace the ageing ruler

1 February 2012
Supply & Demand

China’s LNG imports up 30% in 2011

China’s LNG imports in 2011 grew by 30.53% from the year before to 12.21 million tons, according to figures released on Monday by the General Administration of Customs.

31 January 2012

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