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Issue 224 - 02 February 2012

Ciprel plans 222MW expansion at Vridi

Subscriber

The government and Compagnie Ivoirienne de Production d’Electricité (Ciprel) have signed an agreement for the expansion of the Ciprel power plant at Vridi Ciprel plans 222MW expansion at Vridi

Côte d'Ivoire
Issue 223 - 19 January 2012

Alstom loses out over Azito

Subscriber

South Korea’s Hyundai, in association with US turbine supplier General Electric, has taken the main engineering, procurement and construction contract for UK-based Globeleq Generation’s 288MW expansion of the Azito power plant near Abidjan

Côte d'Ivoire
Issue 223 - 19 January 2012

Rialto field plan approved

Subscriber

The government has approved Rialto Energy’s field development plan for the Gazelle oil and gas field on Block CI-202.  Rialto is aiming for production start-up in Q4 2013 at initial production rates of 8,000 b/d of oil and up to 100mcf/d of gas. The World Bank’s International Finance Corporation private finance arm has agreed to invest $20m in Rialto via a non-brokered private placement, to support the field development. 

Côte d'Ivoire
Subscriber

IFC invests in Canadian miner; Benchmark bond; Addax Bioenergy reaches financial close

Sierra Leone | Côte d'Ivoire
Issue 223 - 19 January 2012

African Petroleum expands

Subscriber

Frank Timis’ African Petroleum has added a block in Côte d’Ivoire to its growing West African portfolio and started drilling a second well offshore Liberia

Liberia | Côte d'Ivoire
Subscriber

Undaunted by the latest salvo in the long-running border dispute between Côte d’Ivoire and Ghana, companies active in the West African Transform Margin are pushing ahead with exploration. But emulating Tullow’s record is proving harder than several IOCs had hoped

Ghana | Côte d'Ivoire
Subscriber

Undaunted by the latest salvo in the long-running border dispute between Côte d’Ivoire and Ghana, companies active in the West African Transform Margin are pushing ahead with exploration. But emulating Tullow’s record is proving harder than several IOCs had hoped, writes Thalia Griffiths in Accra

Ghana | Côte d'Ivoire
Free

Côte d’Ivoire has escalated a simmering border row with Ghana by demarcating new blocks that overlap with Ghana’s western acreage

Côte d'Ivoire
Subscriber

Côte d’Ivoire has escalated a simmering border row with Ghana by demarcating new blocks that overlap with Ghana’s western acreage. A map displayed by state oil company Petroci at Global Pacific & Partners’ Africa Upstream conference showed atriangle of new acreage offshore eastern Côte d’Ivoire, blocks CI-540, CI-541, CI-542, CI-543, and possibly the ultra-deep CI-544, that appear to stray into areas licensed by Ghana. “The government has directed us to demarcate these blocks. Thisis because of Ghana’s earlier demarcation,” a Petroci spokeswoman told African Energy. “They claimed more than they should by international law. There is a dispute and there are discussions between the governments.”

Ghana | Côte d'Ivoire
Issue 218 - 22 October 2011

Globeleq signs Azito expansion agreement

Subscriber

The long-mooted expansion of the Azito power plant is set to go ahead with the signing of an amended concession agreement by Globeleq Generation subsidiary Azito Energie SA.

Côte d'Ivoire
Issue 217 - 08 October 2011

Petro Ivoire to raise bond in Paris

Subscriber

Fuel distributor Petro Ivoire is seeking to raise €5m ($7m) with a bond issue on the NYSE Euronext market. The company listed a token 0.02% of its capital in Paris on 30 September, enabling it to issue the eight-year bond to fund an expansion of its business.

Côte d'Ivoire
Subscriber

A string of wells are due offshore West Africa by year-end, with Ghana’s neighbours hoping to emulate its success in pursuing the Transform Margin play. Liberia is particularly in the spotlight, while Côte d’Ivoire is seeing work resume following the lifting of force majeure restrictions, writes Thalia Griffiths

Ghana | Liberia | Côte d'Ivoire
Issue 216 - 24 September 2011

World Bank grants $150m post-conflict aid

Subscriber

The World Bank on 15 September approved a $150m International Development Association (IDA) grant to provide a rapid response to the financial crisis faced by the Ivoirian government. It will also support essential reforms to improve governance,

Côte d'Ivoire
Issue 214 - 30 July 2011

Rialto secures rig for Q1 2012

Subscriber

Australia’s Rialto Energy has secured a jack-up drilling rig from Transocean and plans to drill on CI-202 in Q1 2012

Côte d'Ivoire
Subscriber

The new government is looking to the energy sector to lead the revival of the economy, but has warned it could run out of gas to fuel power plants

Côte d'Ivoire