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Issue 390 - 18 April 2019

African producers’ group pushes for greater relevance

The African Petroleum Producers’ Organisation (Appo) is seeking a leadership role as the continent’s oil and gas industry starts to mature. At the heart of its ambitions lies its members’ common aim to unshackle themselves from dependence on international oil companies (IOCs)....

Issue 390 - 18 April 2019

Africa

Issue 390 - 18 April 2019

Zambia Get FiT announces latest low solar tariffs

The Global Energy Transfer Feed-in Tariff (Get FiT) Zambia secretariat has announced the award of six solar photovoltaic (PV) projects with combined capacity of 120MW. The first Get FiT round to be held in Zambia had been targeting 100MW from solar projects of 20MW or smaller,...

Issue 390 - 18 April 2019

Zambia

Issue 390 - 18 April 2019

Algeria: Sonatrach corruption cases resurface

President Abdelaziz Bouteflika may be gone, but demonstrators continue to call for radical change to a system dominated by ‘deep state’ players, including a genuine crackdown on corruption. Senior establishment figures are trying to persuade the popular ‘Hirak’ street protest...

Issue 390 - 18 April 2019

Algeria

Issue 390 - 18 April 2019

Chevron eyes Mozambique tax windfall

Chevron’s proposed acquisition of Anadarko Petroleum will have little immediate impact on development plans for Mozambique Area 1, where a final investment decision is now expected in early May. The deal is mainly focused on Anadarko’s position in US shale and the Gulf of Mexico...

Issue 390 - 18 April 2019

Mozambique

Issue 389 - 28 March 2019

Medco raises Ophir offer after Coro bid

Indonesia’s Medco Energi has increased its offer for Ophir Energy to 57.5p/share from 55p after Coro Energy approached Ophir to discuss a possible cash and shares offer. Ophir announced in January that the board was recommending Medco’s earlier offer, which would add Ophir’s 25,...

Issue 389 - 28 March 2019

Africa

Issue 388 - 14 March 2019

Zambia: Zesco plans $500m bond issue

State-owned power utility Zesco has appointed Standard Chartered Bank as lead arranger for a $500m bond issue planned by May this year to help clear its debts. According to documents seen by African Energy, Zesco owes suppliers just over $900m, around a third of it to...

Issue 388 - 14 March 2019

Zambia

Issue 388 - 14 March 2019

InfraCredit green bond for Shiroro in Nigeria

The Private Infrastructure Development Group (PIDG) is looking to expand its InfraCredit model, which was established in Nigeria in 2017 by the Nigerian Sovereign Investment Authority and GuarantCo to provide credit enhancements to infrastructure companies to allow them to raise...

Issue 388 - 14 March 2019

Nigeria

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