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Australia’s Rialto Energy is to take a 63.75% working interest in Block CI-202 off the Ivorian coast after the government approved its acquisition of a major shareholding in C&L Natural Resources

Globeleq Generation has signed an agreement to take ABB’s stake in the Azito gas-fired power plant near Abidjan, following its acquisition of Electricité de France’s stake earlier this year (AE 185/1).

Côte d’Ivoire’s power supply problems will be relieved from the beginning of May, when Aggreko installs 50MW of temporary power at Vridi.

Australia’s Rialto Energy has agreed to acquire 75% in C&L Natural Resources, which holds an 85% stake in Block CI-202.

Energy officials have warned of power cuts following a breakdown at the 150MW Azito thermal plant. Ministry of Mines and Energy director general of energy Simon Eddy, told business representatives Azito had been out of action since 22 December and was unlikely to be fixed before late April or early May.

Upstream E&P has escaped the worst of the global downturn, and buoyed up by the excitement over Ghana and Uganda, plus several gas developments, more activity is expected in 2010, writes Thalia Griffiths

The Orca and Tweneboa results will be highly significant for Ivorian Lebanese architect Pierre Fakhoury, who has just acquired 3D seismic on his highly prospective deepwater Block CI-100, which lies immediately south of CI-401 adjacent to Côte d’Ivoire’s border with Ghana. He will need a farm-in partner to finance a well but is dragging his feet, reluctant to surrender his independence. Fakhoury designed the huge basilica in the political capital of Yamoussoukro for Côte d’Ivoire’s late president Félix Houphouët-Boigny, and was more recently awarded a series of infrastructure contracts for the expansion of Abidjan port and for new government buildings in Yamoussoukro.

The Orca and Tweneboa results will be highly significant for Ivorian Lebanese architect Pierre Fakhoury, who has just acquired 3D seismic on his highly prospective deepwater Block CI-100, which lies immediately south of CI-401 adjacent to Côte d’Ivoire’s border with Ghana. He will need a farm-in partner to finance a well but is dragging his feet, reluctant to surrender his independence. Fakhoury designed the huge basilica in the political capital of Yamoussoukro for Côte d’Ivoire’s late president Félix Houphouët-Boigny, and was more recently awarded a series of infrastructure contracts for the expansion of Abidjan port and for new government buildings in Yamoussoukro.

Sierra Leone, Liberia and Côte d’Ivoire all have a history of turmoil fuelled by mineral wealth. Anadarko’s find offshore Sierra Leone is viewed with some trepidation by those who hope oil wealth will be a force for development, not for further conflict, writes Thalia Griffiths

MAURITANIA: IMF, World Bank to resume lending; IFC: Kuwait Energy Company wins funding; WEST AFRICA: AfDB funds fibre-optic cable

GE Oil and Gas wins equipment contract; Chevron starts Tombua-Landana production; SOCO well plugged; Vanco awards seismic inversion project; Niger Delta pressure study; DualEx takes Bouhajla permit; Roc Oil delisting from AIM

Anadarko has hit 14 metres of oil pay offshore Sierra Leone, extending its Ghana play 1,100km to the west and raising the prospect of new finds in Côte d’Ivoire and Liberia, writes Thalia Griffiths

The European Investment Bank (EIB) has approved a E1.75m ($2.4m) grant to the West African Power Pool (WAPP) to finance pre-investment studies for a 330kV transmission link from Abidjan’s Riviera district in Côte d’Ivoire to Prestea in Ghana.

The World Bank Group has approved a $50m grant to enable Côte d’Ivoire to rehabilitate, improve and expand its electricity distribution network and to address reforms needed to improve the sector’s poor financial and technical performance (AE 161/9).

Following Côte d’Ivoire’s rehabilitation with international financial institutions, the World Bank Group (WBG) is considering $50m of funding for an Urgent Electricity Rehabilitation Project. After a decade in the financing wilderness, Côte d’Ivoire in March won a three-year deal worth $565.7m under the International Monetary Fund’s Poverty Reduction and Growth Facility (PRGF).