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Total has pulled out of a deal to take over Anadarko Petroleum Corporation’s Ghana assets after the US independent’s new owner Occidental Petroleum Corporation sought to sell its African holdings. The move, announced by Total on 18 May, follows the French major’s announcement that it would not be taking over Anadarko assets in Algeria’s producing Berkine Basin, another of the four deals included under the purchase and sale agreement (PSA) signed in August 2019.

Ghana
Issue 254 - 17 May 2013

Equatorial Guinea: Libel ruling

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A French court in late April ruled that NGO the Catholic Committee Against Hunger and for Development did not libel President Teodoro Obiang Nguema in a 2009 report. The report, entitled ‘Biens mal acquis, à qui profite le crime?’ said that Obiang and ten family members had laundered about $26.5m in property deals via an account at Santander bank Madrid between 2000 and 2003. The latest court ruling follows a lower court decision that the report’s allegations were covered by the right to free speech.

Equatorial Guinea
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A company replacing Aggreko to provide 135MW of temporary power is linked to a local businessman and not to US interests as officials originally indicated (AE 296/8). A source at the energy ministry told African Energy that K Energy SA was registered by the businessman and honorary consul of South Korea in Guinea, Ibrahima Kassus Dioubaté. K Energy was established on 27 May 2014 and registered at investment agency Agence de Promotion des Investissements Privés on 28 May 2014. “Kassus has strong support within the presidency. He has been received several times by President Alpha Condé himself. It is he who introduced the company here, inspired by the Aggreko model,” one official told African Energy.

Guinea
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Tullow Oil has announced that the Wawa-1 exploration well in the Deepwater Tano licence has intersected oil and gas condensate in a Turonian turbidite channel system separate from the Tweneboa, Enyenra and Ntomme (TEN) fields on the block. Wawa-1 encountered 20 metres of gas-condensate pay and 13 metres of good quality oil pay in turbidite sands.

Ghana
Issue 166 - 04 July 2009

Artumas restructures debt

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Canada’s Artumas Group has converted $115m of bond debt into shares and successfully placed $8m of new convertible bonds. The company ran into funding problems

Mozambique
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The Ministry of Power, Housing and Works, one of the so-called super ministries established in President Muhammadu Buhari’s first term, has been broken into two and a new power minister appointed. Although former minister Babatunde Fashola was not disliked, some in the industry are hopeful the change could result in renewed focus on fundamental issues and end personality clashes at the top of the ministry. The ministry was put under Fashola’s control at the height of his popularity in 2015 following an eight-year stint as governor of Lagos State.

Nigeria
Issue 247 - 31 January 2013

Madagascar Oil: Share placing

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Madagascar Oil has carried out a share placing and open offer through London-based natural resources investment bank GMP Securities Europe to raise £49.5m ($78.4m) at 18p/share. The offering is fully underwritten by existing shareholders.

Madagascar
Issue 174 - 13 November 2009

WBG approves Morupule B co-financing

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The World Bank Group (WBG) has approved a $379.1m financing package for Botswana Power Corporation (BPC), to part-finance the 600MW Morupule B coal-fired power station project, costed at more than $1.6bn. The new plant, adjacent to the existing Morupule A unit near Palapye, will be supplied with

Botswana
Issue 346 - 19 May 2017

Sierra Leone: Solar scheme

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The Ministry of Energy has signed an implementing agreement with German renewables developer infinity-E for the engineering, procurement and construction of a 6MW solar photovoltaic power plant at Newton, in the Western Area, some 38km east of Freetown. The project site lies along the route of the power line from the Bumbuna dam, and power will be supplied to the capital, though there are also plans to supply the town, named after the 18th century British campaigner for abolition of the slave trade John Newton.

Sierra Leone
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Azonto Petroleum announced on 18 December that its affiliate Vioco Petroleum had received an Exclusive Exploitation Authorisation (EEA) covering the Gazelle field in Block CI-202.The award of the EEA signed by President Alassane Ouattara follows approval of the field development plan for Gazelle by state oil company Petroci in October. Vioco is now working towards project sanction, which is expected in H1 2015, with first gas anticipated some 14 to 16 months later, in H2 2016.

Côte d'Ivoire
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Oil trader Vitol is in the final stages of negotiating a deal with the government of South Sudan to build a new 10,000 b/d refinery on the Thar Jath field in Unity State, local sources told African Energy

South Sudan
Issue 249 - 28 February 2013

North Africa: Circle Oil expansion plans

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Gas producer Circle Oil plans a six-well drilling programme for H1 2013 in Morocco’s onshore Sebou and Lalla Mimouna permits, targeting 40-45bcf of gross recoverable resources. Gas delivery during 2012 rose from 2.0-2.5mcf/d to 4.5mcf/d, and a third small offtaker was added in late December 2012. Offtake is expected to increase further in Q1 2013, with daily supplies rising to 6.5-7.5mcf/d.

Issue 221 - 02 December 2011

UGANDA: Ishasha mini hydro starts up

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President Yoweri Museveni on 23 November formally inaugurated the 6.6MW

Uganda
Issue 181 - 26 February 2010

Rovuma gas find for Anadarko

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Anadarko Petroleum Corporation has announced a gas find with the deep-water Windjammer exploration well in the offshore Rovuma Basin (AE 180/18).

Mozambique
Issue 249 - 28 February 2013

Zimbabwe: Gairezi hydro study under way

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Zimbabwean firm Associated Consultants in Africa (Ascon Africa) has confirmed to African Energy that it has signed a contract to conduct the environmental impact assessment for the 30MW Gairezi hydroelectric power project in Nyanga, Zimbabwe.

Zimbabwe