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Issue 378 - 11 October 2018

Nigeria gas projects fight legislative fog

Nigerian president Muhammadu Buhari has surprised many investors by declining to sign into law the embattled Petroleum Industry Governance Bill. Claiming the bill would divert scarce financial resources from state coffers, Buhari in late August struck a potentially lethal blow...

Issue 378 - 11 October 2018

Nigeria

Issue 378 - 11 October 2018

Local content for power projects comes under scrutiny

Local content provision has long been a hot topic in the oil and gas industry, but many delegates at the 3-4 October Africa Investment Exchange: Nairobi event were surprised at how far the issue could generate controversy and block support for electricity projects. Several...

Issue 378 - 11 October 2018

Africa

Issue 378 - 11 October 2018

Noble deal expands Egypt gas supply prospects

US independent Noble Energy and Israel’s Delek Drilling, partners in Israel’s Leviathan and Tamar gas fields, have teamed up with Egypt’s East Gas Company to buy a 39% stake in the Eastern Mediterranean Gas Company (EMGC) for $518m. EMGC operates a 90km pipeline connecting the...

Issue 378 - 11 October 2018

Egypt

Issue 378 - 11 October 2018

Algeria: Total, Repsol to develop Erg Issouane gas field

The Algerian authorities have continued to sign new deals in the upstream and downstream sectors while advancing their more controversial agenda of exploiting shale resources despite public opposition. Preparations are building for a policy announcement in December which could...

Issue 378 - 11 October 2018

Algeria

Issue 378 - 11 October 2018

Golar, Höegh invest in small-scale LNG

Liquefied natural gas (LNG) companies Golar LNG and Höegh LNG Holdings have each announced an investment of $24.75m in small-scale LNG venture Avenir LNG. Avenir was set up in 2017 by transportation company Stolt-Nielsen to serve the fast-growing market for small-scale LNG,...

Issue 378 - 11 October 2018

Africa

Issue 377 - 27 September 2018

Egypt: Gas pipeline deal signed with Cyprus

Egypt and Cyprus signed an intergovernmental agreement on 19 September for an underwater pipeline to carry Cypriot gas to Egypt’s processing facilities for re-export to Europe. The estimated $1bn pipeline will carry gas from Noble Energy’s Aphrodite field and any future...

Issue 377 - 27 September 2018

Egypt

Issue 377 - 27 September 2018

Crypto-token issue to fund Namibia onshore drilling

Oil and gas explorer Africa New Energies (ANE) is preparing to begin fundraising for a ten-well drilling project onshore Namibia through the issuance of asset-backed crypto-tokens. The company has owned two onshore blocks totalling 22,000km2 in Namibia through its subsidiary...

Issue 377 - 27 September 2018

Namibia

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