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Issue 407
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Ghana: Tullow to write down $1.5bn for 2019

Beleaguered Tullow Oil said on 15 January it expects to report pre-tax impairments and exploration write-offs of about $1.5bn in its 2019 results in March, mainly due to a $10 reduction in the group’s long-term accounting oil price assumption to $65/barrel and a reduction in...

Ghana
Issue 407
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Ghana’s Genser Energy raises $366m for off-grid power supply

Genser Energy Ghana Ltd announced in December that it had reached financial close on a $366m financing agreement that will fund the expansion of its business in Ghana. The transaction funds the expansion of existing plants and the company’s gas pipeline network, as well as...

Ghana
Issue 407
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Gambia: Shearwater acquires seismic over Block A5

Australia’s FAR has contracted Shearwater GeoServices to carry out a 3D Isometrix seismic survey over part of Block A5 ahead of drilling planned on the company’s Gambia acreage later this year. Shearwater said the one-month survey would be acquired by the SW Amundsen vessel....

Gambia
Issue 407
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Ethiopia: EEP seeks consultants for hydro projects

Ethiopian Electric Power (EEP) invites expressions of interest by 24 January from consultants to assist with the development of a series of hydropower projects totalling 1,887MW. The consulting services will entail the preparation of a feasibility study and environmental and...

Ethiopia
Issue 407
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Equatorial Guinea: Study to convert methanol plant to modular refinery

The Ministry of Mines and Hydrocarbons says it has commissioned a feasibility study to examine the potential for converting the Atlantic Methanol Production Company (Ampco) plant at the Punta Europa gas complex on Bioko Island into a modular refinery. The methanol plant is...

Equatorial Guinea
Issue 407
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Equatorial Guinea: MoUs signed for new blocks

The Ministry of Mines and Hydrocarbons has signed memoranda of understanding (MoUs) with successful bidders from its 2019 licensing round during the Atlantic Council’s Global Energy Forum in Abu Dhabi.

Equatorial Guinea
Issue 407
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Egypt: New block awards

ExxonMobil and Zarubezhneft have each announced the award of two new exploration licences, while three block awards have been made in Egypt’s Red Sea licensing round. The US supermajor will explore the North Marakia Offshore Block in the Herodotus Basin north of Alexandria,...

Egypt
Issue 407
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DRC: Kinshasa seeks new partner for re-sized Inga project

The DRC government has decided to recruit a new private-sector partner to develop a smaller, 4,800MW version of the Inga 3 hydro project on the Congo River. The decision is part of a new roadmap for the project discussed at a two-day workshop on the development of Inga 3 held...

Central Africa
Issue 407
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Côte d’Ivoire: Chinese finance for Gribo-Popoli

A cabinet meeting on 8 January approved a loan of $286m from the Export-Import Bank of China for the 112MW Gribo-Popoli hydro project on the Sassandra River. The loan agreement was signed on 9 October 2019. “This project, planned for the Sassandra River downstream from the...

Côte d’Ivoire

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