Liberian challenges defeat Buchanan Renewables

Biomass producer Buchanan Renewables (BR) has been sold to an investor group, after a project to recycle old rubber trees and rejuvenate Liberia’s once world-leading rubber industry proved more challenging than expected. Stockholm-based Vattenfall and Swedish government-owned private equity company Swedfund backed the project to convert old rubber trees from the former Firestone plantation to woodchip. The woodchips were intended to fuel a 36MW biomass power plant in Monrovia, as well as being sold for export. But the scheme ran into difficulties and the Swedish backers pulled out last year.

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UN names SE4All board as global access initiative gathers momentum

United Nations (UN) Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim have announced the members of the advisory board and executive committee for the Sustainable Energy for All (SE4All) initiative. The initiative is a partnership between governments, the private sector, and civil society. Launched in 2011, it has set three objectives to be achieved by 2030: to provide universal access to modern energy; double the share of renewable energy in the global energy mix; and double the global rate of improvement in energy efficiency.

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Angola: Russia debt deal probe exposes middlemen, politicians


Anti-corruption campaigners including the London-based NGO Corruption Watch and Angola’s Associação Mãos Livres, have called on the Swiss government to reopen an investigation into a 1990s debt repayment deal between Angola and Russia. Corruption Watch, run by the former African National Congress MP Andrew Feinstein, released a 166-page report, ‘Deception in High Places: The Corrupt Angola-Russia Debt Deal’, on 16 April detailing how more than $700m ended up in private hands following a mid-1990s restructuring of Angolan debt to Russia. The report was presented in the European Parliament on 23 April as an example of the plundering that can take place in developing nations with the complicity of European banks and tax havens.

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Range Resources to merge with Timis company


Range Resources has proposed an all-share merger with Frank Timis’ International Petroleum to create a company focused on Trinidad, Russia and onshore Africa. The merger would offer three Range ordinary shares for every two International Petroleum ordinary shares, valuing International Petroleum at some A$105m (US$108m). International Petroleum has assets in Russia, Kazakhstan, and Niger, while Range has assets in Puntland and a main focus in Trinidad and Texas.

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AER coy about offtaker but otherwise bullish about Sese project


Australian Securities Exchange (ASX)-listed African Energy Resources (AER) says it is poised to complete negotiations with five groups interested in investing either directly into the wholly-owned project company it has created to manage the 300MW Sese Integrated Power Project or into the mother company itself. Although there have been delays – having gained impetus when some 20 companies signed confidentiality agreements to view AER’s data, due diligence missions then experienced delays obtaining visas – the project, which is divided into two 150MW units (like Morupule B), is reaching a phase where financing can be put in place, the Australian developer says.

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Libya fears 1GW power supply deficit in August

Libya will experience its worst power supply deficit during the summer peak, expected in the first week of August and coinciding with the final week of the Muslim holy month of Ramadan. Load may exceed capacity by as much as 1,000MW unless urgent measures are taken, deputy minister for electricity and renewable energy Mohammed Ekhlat told African Energy in Tripoli. This is the maximum estimate. Other industry sources, such as General National Congress (GNC) energy commission vice chairman Abdulkarim El Gayash have said the system may be overloaded by as much as 800MW.

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World Bank approves first Nigeria gas offtake guarantee

In the latest step of the long process of moving Nigeria’s energy sector away from erratic gas supply and unenforceable contracts, the World Bank on 22 April approved the first of four partial risk guarantees (PRGs) worth $400m covering gas sales in the country. The PRG was signed alongside a gas supply and aggregation agreement (GSAA) by the World Bank, the Power Holding Company of Nigeria (PHCN, as owner of Egbin power plant), Egbin Power plc, Chevron Nigeria Ltd and Deutsche Bank. Provisions have been made under the agreement for the transfer of guarantees to a new owner of Egbin should the plant be sold, subject to approval by the World Bank.

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Djibouti signs new geothermal deal with Sinopec

President Ismaïl Omar Guelleh’s government has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) aimed at relaunching exploration of the country’s geothermal energy potential. Speaking at the first UK-Djibouti Trade and Investment Forum in London on 8 May, ministers from Djibouti said that, after four-and-a-half years in financial limbo, the government had secured the means to proceed with development. Sinopec and the government first signed a geothermal resource co-operation framework agreement in Beijing in July 2012.

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Questions over Namibia oil terminal contract

In the latest scandal to hit the country’s downstream fuel supply sector, the Namibian Port Authority (Namport) is under fire over a contract award to develop and expand Walvis Bay’s container and bunkering facilities. The project is part of government efforts to boost the economy by investing in infrastructure, but the bunkering facilities were exempted from normal tendering procedures – an unusual move, given their strategic economic importance.

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New Somali government looks to revive oil search

Nine months of improved security has engendered a cautious sense of optimism, but oil and gas exploration plans face major obstacles, writes William Macpherson. Somalia’s fortunes seem to have improved since the election last year of President Hassan Sheikh Mohamud, a former activist and political outsider. Islamic militants of Al Shabaab, who have controlled large swathes of the country for several years, have suffered a series of military setbacks.

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Angola opposition highlights power shortages

Angolan opposition leader Isaías Samakuva is highlighting the ruling party’s continued failure to deliver basic services following last year’s elections, the second since the civil war ended a decade ago. Visiting the United States and Europe in late April and early May, he repeatedly warned his interlocutors that they should not be misled by the apparent calm in the country. “Angola is sitting on a powder keg,” the leader of the União Nacional para a Independência Total de Angola (Unita) told African Energy in an interview, saying that Angolans were urging his party to organise protests against the lack of power, water and health services.

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Perspectives

A selection of free articles from African Energy's extensive database

Violence mars Abyei talks, as South votes for independence

Although the exact number of casualties has not been independently confirmed, sources in Abyei said more than 20 people had been killed in fighting between the Dinka and Misseriya. The south claims the Khartoum government instigated the fighting to put pressure on negotiations and undermine the secession referendum process, which will deliver a massive majority in favour of secession.

Issue 202 - 4 February 2011

Azito failure means power cuts

Energy officials have warned of power cuts following a breakdown at the 150MW Azito thermal plant. Ministry of Mines and Energy director general of energy Simon Eddy, told business representatives Azito had been out of action since 22 December and was unlikely to be fixed before late April or early May.

Issue 180 - 5 February 2010

Cameroon looks to gas to revive growth

Long dismissed as a minor oil producer lacking access to the Gulf of Guinea’s prolific deep waters, Cameroon has high hopes of harnessing its gas for domestic use and export to boost its moribund economy, writes Thalia Griffiths, recently in Yaoundé

Issue 180 - 5 February 2010

Prevail and partners push on in Congo-B

A Canadian junior’s project to redevelop a significant cluster of oilfields alongside two state companies suggests it’s not just big, long-established partners that are making the running in Republic of Congo, writes Eleanor Gillespie.

Issue 160 - 3 April 2009

Mag battles on with Inga and Busanga, bullish on Congo-B

Its MagEnergy Inc subsidiary has “found the Democratic Republic of Congo to be a very challenging investment environment,” TSX Venture Exchange-listed MagIndustries Corporation president and chief executive William Burton told the ambitious Canadian company’s first ever investor conference call, on 17 April. But Mag is pushing on with its Inga II refurbishment work, talks to finalise contracts – originally initialled in September 2005 – for work on four more Inga II generators and plans to build a 250MW hydropower dam at Busanga in Katanga (AE 146/5-9). It is also very bullish about fund-raising and other prospects for its potash and forestry schemes in Republic of Congo, which Burton confirmed would cost around $1.1bn as currently configured – releasing data that received a respectful hearing from the 89 analysts and others who dialled into the 17 April teleconference.

Issue 161 - 24 April 2009

Mag Congo-B potash plant will use gas

Gas from Eni’s Republic of Congo (ROC – Brazaville) operations, rather than electricity generated at Inga Falls in Democratic Republic of Congo, is expected to power the latest version of MagIndustries Corporation’s Kouilou minerals development.

Issue 152 - 12 December 2008

Glencore, Afex sign for gas-prone – contested – Cameroon block

Cameroonian state company Société Nationale des Hydrocarbures (SNH) has signed a production-sharing contract with Glencore and Afex Global for the gas-prone Matanda block (PH-72). Glencore, who will operate the block adjacent to Bowleven’s Etinde permit area, also has exploration acreage in Equatorial Guinea.

Issue 137 - 25 April 2008

Gabon country map

Published in March 2012, this map of Gabon shows the location of principal roads, railways, airports and settlements. Major oil and gas pipelines, fields and tanker terminals are also marked.

- 30 April 2012

Israeli gas sales remain explosive issue

Egyptian media have stepped up their campaign against the long-term sales contracts to supply natural gas to Israel through the East Mediterranean Gas Company (EMG),

Issue 206 - 1 April 2011

Domestic demand prompts Egyptian government moves to ease consumers’ concerns

Electricity and energy minister Hassan Younis met petroleum and mineral resources minister Sameh Fahmy in late October to confirm the supply of additional gas to the Ministry of Electricity to meet targets in 2011.

Issue 197 - 5 November 2010

Gabon cancels round, denies China sale

Gabon has cancelled its tenth licensing round and will offer the blocks through direct negotiations. Oil minister Julien Nkoghe Bekale has also denied reports that the government is in talks to license all 42 blocks to Chinese firms

Issue 197 - 5 November 2010

Beneficial interests at heart of Jubilee

Ghana’s Jubilee oilfield has been plagued by allegations of corruption dating back to beneficial ownership of companies granted licences to work on the giant oil block

Issue 195 - 8 October 2010

Sasol expands further in Mozambique

Sasol Petroleum International is expanding gas production from Mozambique, where the central processing facility produces 300mcf/d from the Pande and Temane fields, and a $500m expansion is under way

Issue 181 - 26 February 2010

Al-Megrahi’s return protects vital interests

Nearly a decade of quiet British diplomacy and adroit Libyan manoeuvring left Scottish Justice Minister Kenny MacAskill with no realistic option but to return convicted Lockerbie bomber Abdelbasset Ali Mohammed Al-Megrahi to Libya. Any alternative would have thrown into question the whole logic of rapprochement with Libya – one of the UK’s few notable international triumphs of recent years.

Issue 169 - 4 September 2009

NamPower’s Hwange power deal

Taking risk on the cash-strapped utility Zimbabwe Electricity Supply Authority (Zesa) has been low on anybody’s list of priorities in recent years. However, African Energy was told that Namibia Power Corporation’s deal with Zesa

Issue 147 - 4 October 2008

Bouterfa travels to Brussels as Algeria mends fences with Desertec

Sonelgaz’s president tells African Energy that ‘our differences with Dii have been resolved’ as Algeria reassesses its attitude to European mega-schemes, writes Selwa Calderbank in Brussels

Issue 222 - 16 December 2011

EGYPT: Vinci-led JV to build Assiut project

A consortium of France’s Vinci and the local Orascom Construction Industries (OCI) and Arab Contractors has been awarded a civil works contract

Issue 222 - 16 December 2011

Uganda in the dark after leak stalls Bujagali hydro project yet again

With power cuts causing riots in Kampala, and the start-up of a long-awaited hydro-electric power project delayed for the fourth time this year, Uganda is in for a difficult dry season, writes Adrian J Browne

Issue 222 - 16 December 2011

Tullow consolidates as operator

Tullow Oil has agreed new production-sharing contract arrangements offshore Mauritania, where the company has identified new potential after the disappointment of the Chinguetti field. Tullow now refers to the West Africa Transform Margin play as the Mauri-Tano Trend, referring to an area

Issue 219 - 4 November 2011

Côte d’Ivoire escalates Ghana border row

Côte d’Ivoire has escalated a simmering border row with Ghana by demarcating new blocks that overlap with Ghana’s western acreage

Issue 219 - 4 November 2011

Muddling through is not enough if Jonathan is to win over north

Following his controversial election victory in April, Nigerian President Goodluck Jonathan faces unprecedented pressure to tackle the policy failings and lapses of implementation that so many of his predecessors failed to address. Overcoming years of underdevelopment in the power sector,

Issue 216 - 23 September 2011

Piracy spreads down the East African coast

The Swahili coast’s upstream petroleum industry is taking shape as pirates step up their activity in an ever wider area.  The US military is playing an active role, but new offshore infrastructure is vulnerable, writes Adrian J Browne. In the past 18 months, eastern Africa’s offshore gas has been put firmly on the map for international companies, but the rush of explorers taking up acreage has coincided with an unprecedented increase in piracy off Somalia. The pirates have broadened their focus in recent years, hijacking fishing vessels for use as ‘mother ships’

Issue 216 - 23 September 2011

Jonathan finalises his new government, but key questions remain over oil industry reform

As President Goodluck Jonathan puts the final touches to his long-awaited new cabinet, having returned staunch ally Diezani Alison-Madueke to the petroleum ministry, questions over sector reform and industry power remain. Following his re-election in April, President Goodluck Jonathan has opted for continuity rather than change in the composition of his new cabinet, with 13 ministers expected to return to their portfolios.

Issue 213 - 15 July 2011

Symbion steps in to revive Dowans plant

As Tanzania’s energy crisis deepens, US developer Symbion Power has taken over the 120MW Ubungo power plant, which has been idle for nearly three years. Ubungo was previously owned by Dowans Holding, whose controversial contract was terminated in August 2008.

Issue 210 - 3 June 2011

Dominion wins L9 in new licensing spree

Bermuda-registered East Africa player Dominion Petroleum has taken a 60% operating stake in offshore

Issue 206 - 1 April 2011

Glencore calls Namibia's bluff over fuel imports

Fuel pricing will be reviewed as the company sues government over the cancellation of a fuel supply contract, writes Our Windhoek Correspondent. Glencore Energy has made good on its legal threats and sued the Mines and Energy Ministry to re-instate its contract to provide half of the country’s estimated 750,000 t/yr liquid fuel requirements (AE 197/20).

Issue 206 - 1 April 2011

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African Energy Atlas 2013

We are now taking orders for the 2013 edition of the African Energy Atlas.

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Namibia’s oil and gas exploration licensing map

Revised May 2013, this map provides an overview of Namibia's oil and gas exploration licensing. Exploration, production and coal-bed methane licenses are shown along with future gas pipelines and oil refineries. The location of oil tanker terminals are also marked.

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Latest Project Update Reports

Project Update Reports provide a detailed project-by project examination of the state of an industry in a particular country or region. African Energy's most recent update is on the upstream sector in Botswana, Malawi and Zambia. Previous updates have looked at the upstream sector in Namibia and South Africa, the power sector in Nigeria and Ghana and the electricity industry across East Africa.

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South Africa’s oil and gas exploration potential map

This map provides an overview of South Africa's oil and gas exploration potential. Current oil and gas field along with planned oil and gas pipelines are shown, along with oil refineries, oil tanker terminals and LNG Floating storage and regasification units. Areas with exploration and production rights are also outlined.

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African Energy View

New spirit of collaboration as institutions tackle energy access deficit

The next year will see the emergence of a new institutional architecture to promote increased electricity generation and access to ‘modern’ fuels across sub-Saharan Africa. Some of the acronyms are already familiar: the Programme for Infrastructure Development in Africa (PIDA) and UN-led Sustainable Energy for All (SE4All) are exciting the consultancies eyeing a new spate of contracts.

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Liberian challenges defeat Buchanan Renewables

Biomass producer Buchanan Renewables (BR) has been sold to an investor group, after a project to recycle old rubber trees and rejuvenate Liberia’s once world-leading rubber industry proved more challenging than expected.

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Long journey ahead as Zimbabwe embarks on road to normality

Viewed from Harare, it is business as usual on all fronts: European Union and US sanctions continue to inconvenience President Robert Mugabe and key members of his regime; swathes of the population (including the estimated 4m Zimbabweans living abroad) despair of genuine political change that can unlock the country’s huge potential.

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Africa Confidential

Events

28-30 May

UMEC 2013

29-31 May

CIMEC 2013, Cameroon

29-30 May

FDI Libya, London

3-5 June

10th Maghreb, Mediterranean, MidEast Upstream Conference, Paris

4-5 June

Nigeria Oil and Gas Technology (NOGTech), Lagos

12-13 June

2nd Oil & Gas Security Summit 2013, London

12-13 June

EG Gas, Equatorial Guinea

18 June

AfricaHardball roundtable at the Africa Energy Forum, Barcelona

18-20 June

African Energy Forum, Barcelona

18-21 June

4th Eastern Africa Oil, Gas & Energy Conference, Kenya

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