Uganda: Bid round launched

Uganda has launched its first licensing round, offering six blocks in the Albertine Graben totalling 2,938km2. The blocks cover areas relinquished by Tullow, Total and CNOOC, and have seismic and well data, and in some cases smaller oil and gas discoveries. Energy and mineral development minister Irene Muloni told African ...

READ MORE

Mainstream, Actis in project tie-up

Mainstream Renewable Power and Actis have expanded on their existing co-operation to launch a pan-African renewable energy generation platform, Lekela Power, with the aim of providing 700-900MW of wind and solar power across Africa by 2018. Mainstream and Actis have already formed successful partnerships in South Africa and Chile. Lekela ...

READ MORE

Libya: APR in talks with bankers after contract ends

APR Energy faces a significant challenge in removing its temporary power generation equipment from Libya. The company has ten 25MW gas turbine units located at Al-Furnaj in south-eastern Tripoli, Zlitan and Al-Khums on the coast, and Samnu, north-east of Sabha. It also has a further 200MW of diesel generation units ...

READ MORE

Libya: SNC-Lavalin defends itself against corruption charges

Allegedly corrupt dealings with the former Libyan regime are continuing to cost implicated companies dear more than four years after the start of the February 2011 revolution. On 19 February, Canada’s SNC-Lavalin Group announced in a statement to investors that corruption and fraud charges levelled by the Public Prosecution Service of ...

READ MORE

Dry Kenya well for Taipan as Tullow, Africa Oil scale back

Taipan Resources has announced that the Badada-1 well drilled by its Lion Petroleum subsidiary on Block 2B in the Anza Basin found only gas shows and will be plugged and abandoned. Badada had been touted as a potential play opener, but had also been the subject of court action by ...

READ MORE

Gabon: Government promotes power projects to boost mining

Speaking in Brussels on 2 February, the minister said a planned phase 2 expansion of the Moanda metallurgy complex by the Compagnie Minière de l’Ogooué (Comilog) was dependent on power availability and would require at least 80MW. Similarly, Nouvelle Gabon Mining, owned by Singapore-based investors, which is developing the Franceville ...

READ MORE

Russian nuclear agreement with Egypt casts doubt over tender plan

The governments of Egypt and Russia signed a memorandum of understanding (MoU) on 10 February for the development of the first of several nuclear power projects at El Daba in northern Egypt. The MoU was accompanied by a project development agreement...

read more

Russian consortium wins tender for Uganda refinery

The Ugandan government has selected a consortium led by Russia’s RT Global Resources as preferred bidder for construction of a planned refinery at Hoima to process oil from the Lake Albert region. A consortium led by South Korea’s SK Engineering...

read more

Access to capital markets key to Nigerian indies surviving price crash

With international oil companies (IOCs) divesting all but the most attractive Nigerian assets, indigenous players remain bullish about their ability to take a leading role in developing exploration and production assets in a low-price environment....

read more

Energy takes top billing in South Africa’s State of the Nation address

Although resolving the energy crisis topped a nine-point plan to kickstart the economy outlined in his State of the Nation address, President Jacob Zuma announced little in the way of new policies. His 12 February speech reiterated the plan to rescue...

read more

Sovereign bonds attract investors, offer opportunities but also pitfalls

Sovereign bond markets have been widely promoted as one among several solutions for sub-Saharan African (SSA) economies to diversify and deepen their sources of financing. An important new study by Judith Tyson of the UK’s Overseas Development...

read more

DR Congo: Miners offer proposals to tackle power deficit

In its latest annual report, the Congolese Chamber of Mines has come up with proposals to help tackle the power shortages that are hampering output. According to the report, 2014 copper production reached a record 1,029,800 tonnes, 12.6% higher than...

read more

Archive

See more:

Perspectives

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

ICA finds rise in infrastructure finance commitments, but implementation patchy

Reports of significantly increased commitments for energy and other projects across the continent have been given substance by the Infrastructure Consortium for Africa (ICA) annual report, unveiled in Cape Town on 25 November. The ICA reports that, for the second year running, there was a significant rise in commitments and disbursements for energy, transport, water and information and communications technology (ICT) ...

Issue 290 - 4 December 2014

Uganda: Bid round planned for 2015

Uganda is planning a licensing round next year, and the Ministry of Energy and Mineral Development is evaluating bids from consultancy companies to assist with the process. Ministry principal geologist Fred Kabanda told Global Pacific & Partners’ Africa Oil Week conference in Cape Town on 5 November that despite the exploration successes of recent years, the Albertine Graben was only 40% explored, and ...

Issue 289 - 20 November 2014

Liberia: Bid round closes

Bid round advisers EY opened licensing round bids from prequalified companies in London on 17 November. National Oil Company of Liberia (Nocal) said EY would now provide an independent evaluation of the fiscal terms contained in each bid. Winning bidders are expected to be notified by 24 November, and Nocal will then negotiate production-sharing contracts (PSCs) with the companies. The Liberia Basin ...

Issue 289 - 20 November 2014

South Africa: REIPPP wrestles with grid issue

The Department of Energy’s Independent Power Producer (IPP) office has been working hard to resolve issues with connecting renewable IPPs to the grid and monitoring their economic development commitments, influential National Treasury senior project adviser Karen Breytenbach told the South African National Energy Association earlier this month. Grid connection is the primary obstacle to closing the projects of preferred ...

Issue 289 - 20 November 2014

Ghana: Agreement on disputed Tano blocks, but ratification awaits

Pan Andean Resources and the government have reached agreement in a dispute which began in March after Parliament ratified the award to Houston-headquartered, Nigerian-owned Camac Energy of the Expanded Shallow Water Tano (ESWT) Block. Some of ESWT’s acreage was already licensed to the Irish-led Pan Andean. Investors welcomed the deal, but observers said parliamentary ratification could take some time, ...

Issue 288 - 10 November 2014

Eskom offered R20bn backed by asset sales

Finance minister Nhlanhla Nene’s medium-term budget policy statement speech said the government would inject at least R20bn ($1.82bn) into Eskom, but only once the struggling national utility had sold some non-strategic assets. The funding will be deficit-neutral, with Eskom only to receive the funds after the non-strategic asset sales. Nene added that, “if necessary”, the funds could be ...

Issue 288 - 10 November 2014

DR Congo: Kinshasa blacks out with Inga II breakdowns, power line delays

The situation at the 1,424MW capacity Inga II plant has become extremely problematic, with state utility Société Nationale d’Électricité (Snel) warning the public in mid-October that Kinshasa and Bas-Congo Province would suffer serious power cuts until December, owing to maintenance problems. Two of Inga II’s five operational 178MW turbines will have to be repaired before end-November. Snel ...

Issue 288 - 6 November 2014

Namibia: Tullow drops Kudu gas development as share price tumbles

Tullow Oil and its partner Itochu Corporation are pulling out of the Kudu gas field development, transferring their stake back to the government, which looks set to bring in Chinese partners in their place. Industry sources said Tullow had lost patience with the slow progress on the project, where the government had been supposed to find a new upstream partner ...

Issue 288 - 6 November 2014

Kenya: Wells planned for onshore blocks 2B, 12B

Operator Taipan Resources has signed a letter of intent with China’s Greatwall Drilling Company to contract the GW-190 land rig for the high-impact Badada-1 well on Block 2B. The Anza Basin well is expected to spud between mid-December and mid-January and take around 70 days to drill. Premier Oil farmed into the onshore block in October 2013, taking 55%. “The Badada-1 well ...

Issue 287 - 27 October 2014

Nigeria: IFC buys $50m of Seven Energy bond issue

The World Bank’s International Finance Corporation (IFC) has subscribed to $50m of notes in the inaugural bond issuances by Nigerian gas developer Seven Energy International. Seven Energy is Nigeria’s first unlisted oil and gas company to tap the international capital markets, and the company’s bond issuances raised a total of $400m. Part of the proceeds will fund ...

Issue 287 - 27 October 2014

North Africa: Desertec disappears into the sand

The much-vaunted Desertec Industrial Initiative (Dii) has made many claims since its foundation in 2009, initially as a predominantly German conglomerate of major industrial companies whose big idea was to harness the world-scale solarity of the Sahara and wider Middle East and North Africa (Mena) region to generate power for export into the European Union. Even as more international companies signed ...

Issue 287 - 24 October 2014

Nigeria: Ophir founders Stein and Taylor join Sirius Petroleum

AIM-listed Sirius Petroleum has appointed Ophir Energy founders Alan Stein and Jonathan Taylor to a new technical advisory committee to help it bring its Ororo field in block OML95 offshore Nigeria into production. The appointments form part of a broader technical advisory agreement with Perth-based natural resources investment company Havoc Partners, which was co-founded by Stein and Taylor. Sirius acquired 40% ...

Issue 287 - 24 October 2014

South Africa: US officials speak out over Koeberg tender

The dispute that broke out between Westinghouse Electric Corporation and Eskom following the award to France’s Areva of a R4.2bn ($383m) contract to replace six steam generators at the Koeberg nuclear power plant (AE 285/3, 284/5) has led to strongly worded statements from US officials. US ambassador to South Africa Patrick Gaspard told the Nedbank-NEPAD Business Foundation Networking Forum this ...

Issue 287 - 24 October 2014

South Sudan: Questions over ‘oil for arms’

In August, a 600,000-barrel oil cargo for September lifting was awarded to China International United Petroleum & Chemicals (Unipec). But, according to an oil industry source, Unipec was invoiced to pay not the government of South Sudan, but Chinese arms manufacturer China North Industries Group Corporation (Norinco). This arrangement has not been made before, but there is precedent for a direct ...

Issue 286 - 10 October 2014

South Sudan oil production drop to cost $2m a day

South Sudan’s oil production has fallen by about 25,000 b/d, or 15%, due to problems with well maintenance in the key producing state of Upper Nile, according to the latest sales and marketing data from the Ministry of Petroleum and Mines. The ministry has outlined a lifting programme for 4.2m barrels of crude for November, equivalent to 140,000 b/d. Production ...

Issue 286 - 9 October 2014

Corporate China seeks deeper penetration across African markets

President Xi Jingping’s call for China-Africa trade to exceed $400bn by 2020, with infrastructure investment a priority in driving that exponential increase, is a realistic target as ever more Chinese companies explore the continent’s markets. China Inc made a spectacular return to African business in the last decade, with bilateral trade rising from $10bn in 2000 to $210bn in 2013 – an ...

Issue 286 - 9 October 2014

New Eni CEO investigated over OPL 245

Eni’s new chief executive, Claudio Descalzi, is under preliminary investigation by the Milan prosecutor’s office in relation to the acquisition of Nigerian block OPL 245 in 2011. Descalzi, who replaced Paolo Scaroni in May, was head of Eni’s exploration and production division at the time of the Nigerian transaction. “Eni continues to deny any illegal conduct,” the company said ...

Issue 285 - 29 September 2014

Niger Delta E&P plans $450m equity offer

Niger Delta Exploration & Production (NDEP) plans to raise $450m through a share offer, CEO Layi Fatona told the company’s annual general meeting in Lagos on 19 September. The first tranche of $200m is expected to be raised by year-end from either local or international markets and will fund the acquisition and development of oil fields in Nigeria. There is no ...

Issue 285 - 25 September 2014

Morocco: Bids in but no decision on 850MW wind farms

State utility Office National de l’Electricité et de l’Eau Potable (ONEE) has finally opened bids for 850MW of power to be generated at five sites, a key element in the Integrated Wind Energy Programme (PIEE), which aims to generate 2GW by 2020. Decisions on the 850MW element (tender no SP 40 311) have been delayed while ONEE has put together financing ...

Issue 285 - 25 September 2014

New Rwanda utility faces up to challenge of expanding generation

Rwanda plans to raise generation capacity to 563MW from 115MW by 2017, and to increase the electricity access rate to 70% from 18% within the next three years. The Ministry of Infrastructure says this ambitious level of expansion is essential if Rwanda is to reach its target of 11.5% annual growth over the next five years.The government restructured the Electricity, Water and Sanitation ...

Issue 285 - 25 September 2014

Ghana thinks big on small-scale solar

Off-grid solar provider Persistent Energy Ghana (PEG) is seeking to quadruple its customer base by year-end, despite the many challenges presented by a new market. “In Ghana, there are approximately 5m people off grid. If we only reach a tiny percentage of them, we will hit our targets,” PEG chief operating officer Nate Heller told African Energy. The company, owned ...

Issue 284 - 11 September 2014

Guinea renews Aggreko contract despite high cost

Beleaguered state utility Electricité de Guinée (EDG) has announced the renewal of its 50MW emergency power contract with Aggreko, which accounted for a massive 36% of EDG’s total expenditure in H1 2014. The utility’s half-year results, released in late August, show that investment in generation, transmission and distribution infrastructure received only 4% of total H1 2014 spending. According to EDG, in ...

Issue 284 - 11 September 2014

Somalia takes Kenya to ICJ over maritime border dispute

The Somali government has turned to the United Nations International Court of Justice (ICJ) in The Hague to resolve its maritime border dispute with Kenya. In its application, posted on the ICJ’s website on 28 August, Somali minister of foreign affairs and investment promotion Abdirahman Dualeh Beileh asked the court to determine the course of the maritime boundary, saying “diplomatic ...

Issue 284 - 11 September 2014

New Somalia co-operation agreement seeks to build capacity

Abu Dhabi’s Mubadala Petroleum has signed a co-operation agreement with the Somali Ministry of Petroleum and Mineral Resources aimed at building capacity. Mubadala, part of Abu Dhabi sovereign wealth fund Mubadala Development Company, which is led by Crown Prince Mohammed Bin Zayed Al-Nahyan, said the agreement was “aimed at sharing knowledge, increasing the strength of the Somali ministry and ...

Issue 283 - 7 August 2014

Côte d’Ivoire: Markets snap up bond issue

Côte d’Ivoire has priced a $750m ten-year bond at a final yield of 5.625%, according to a government statement. Government debt is rated B1 (positive outlook) by Moody’s and B (positive outlook) by Fitch. The country missed coupon payments on its outstanding 2032 Eurobond in 2010–11 as it emerged from political and economic crisis, and had to restructure its external ...

Issue 282 - 25 July 2014

Morocco: IFC gives Acwa Power a push

The World Bank’s International Finance Corporation private finance arm is investing up to $100m in Saudi developer Acwa Power, which “will help the company significantly increase the amount of power it generates from renewable sources and meet growing energy demand throughout the Middle East and North Africa [and] the southern cone of Africa”, the IFC said in a statement ...

Issue 282 - 25 July 2014

See more:

Mozambique's Hydrocarbons Infrastructure

read more

Kenya's hydrocarbons infrastructure

read more

Power infrastructure in Congo B, Gabon, Equatorial Guinea

read more

South Africa's power infrastructure

read more
Register Now Buy credit to view African Energy articles Search Archive News Alerts Request a Free Trial

African Energy View

Politics behind election delay highlight Nigeria’s crisis

Autocratic Chadian President Idriss Déby Itno may not be a leader to suit everybody’s taste, but his deployment of troops...

read more

Tunisia’s new institutions test their strength over energy policy

Prime minister-designate Habib Essid initiated fresh consultations with political parties on 27 January after initial...

read more

Ethiopia emerges as a market that investors can’t ignore

The success of Ethiopia’s $1bn, ten-year sovereign bond issue, to provide hard currency to finance infrastructure...

read more
SEE ALL POSTS
Powering East Africa

Events

4-6 March

7th East African Petroleum Conference & Exhibition

5-6 March

Africa Australia Infrastructure Conference 2015

16-17 March

African Extractives: New Actors and Alliances to Overcome Enduring Challenges, London

16-19 March

Nigeria Oil & Gas Conference & Exhibition, Abuja

18-19 March

Africa Future Energy Forum, Nairobi

19-20 March

Corporate Social Responsibility Mozambique Conference and Exhibition, Mozambique

24-25 March

Power & Electricity World Africa 2015, Johannesburg

25-26 March

Bonds & Loans Africa 2015, Cape Town

25-27 March

Powering East Africa, Nairobi

21-22 April

CSP Today South Africa 2015, Cape Town

SEE ALL EVENTS
Web Design by FDC