Gas | Page 3 | African Energy

Featured

Issue 403 - 07 November 2019

Mauritania: Gas find could support third LNG hub

Kosmos Energy has announced a gas discovery with the Orca-1 exploration well in the BirAllah area offshore Mauritania. Kosmos said Orca and the earlier Marsouin-1 well had de-risked enough gas to support a third LNG hub in addition to Greater Tortue Ahmeyim (GTA) and Yakaar....

Issue 403 - 07 November 2019

Mauritania

Issue 403 - 07 November 2019

Morocco: Sound Energy signs gas sales MoU

Sound Energy has announced a memorandum of understanding (MoU) with Office National de l’Electricité et de l’Eau Potable (ONEE) for gas sales from the Tendrara concession in eastern Morocco. AIM-listed Sound put its eastern Morocco operations up for sale earlier this year after...

Issue 403 - 07 November 2019

Morocco

Issue 403 - 07 November 2019

South Africa: Shearwater awarded seismic project

Total has given Shearwater GeoServices a conditional letter of award for a 2D seismic survey as it prepares to follow up February’s Brulpadda gas and condensate discovery on blocks 11B/12B.Shearwater said the 3,650km survey would take two months and includes fast-track...

Issue 403 - 07 November 2019

South Africa

Issue 402 - 24 October 2019

Nigeria: Seplat buys Eland for £382m

Nigerian independent Seplat Petroleum announced on 15 October that it had agreed to buy AIM-listed Eland Oil & Gas for £382m ($478m). The 166p/share price represents a premium of approximately 28.5% to the Eland closing price of 129.2p on 14 October. The offer has been...

Issue 402 - 24 October 2019

Nigeria

Issue 402 - 24 October 2019

Nigeria: PetroNor targets Aje gas developer role

The newly merged PetroNor E&P has agreed to buy Panoro Energy’s 12.19% equity stake in OML 113 in the Keta Basin offshore western Nigeria, which contains the Aje oil and gas field. Cyprus-registered PetroNor, which completed a merger with African Petroleum in August, plans...

Issue 402 - 24 October 2019

Nigeria

Issue 402 - 24 October 2019

Uganda: Minister looks to government to save Tullow sale

Oil minister Irene Muloni has said she expects the government to intervene to resolve a tax dispute that has prevented Tullow Oil selling part of its stakes in three Lake Albert licences. Speaking at a thinly attended London roadshow to promote Uganda’s second licensing round,...

Issue 402 - 24 October 2019

Uganda

Issue 402 - 24 October 2019

Algeria: Mubadala sells Medgaz pipeline stake

Sonatrach and Spain’s Naturgy have agreed to buy Abu Dhabi sovereign wealth fund Mubadala’s 42.09% stake in the Medgaz pipeline between Algeria and Spain. The transaction will mean that Sonatrach has 51% and Naturgy 49% of the pipeline, with a shareholder agreement giving them...

Issue 402 - 24 October 2019

Algeria

Consultancy

Market entry

Strategic advisory

Reputational due diligence

Live Data