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Issue 238 - 07 September 2012

Angola: Total sells Block 14 stake

Subscriber

Total has agreed to sell a 9.99% indirect interest in the maturing Block 14 to Japan’s Inpex Corporation, subject to the approval of the Angolan authorities.

Angola
Subscriber

Chevron has given Subsea 7 a $600m contract for subsea facilities for the Lianzi field, in a unitised offshore zone between the Republic of Congo and Angola.

Angola | Congo Brazzaville
Free

President José Eduardo dos Santos and his Movimento Popular de Libertação de Angola (MPLA) party mobilised the apparel of state (along with Brazilian election experts and a massive birthday bash for the 70-year-old leader) to secure a landslide in the 31 August general election. The MPLA may not win as much as the 82% it won in 2008, but it will have gained enough votes to legitimise dos Santos’ 33-year rule – at least in the eyes of Angolan power-brokers – and open the way for peaceful political transition.

Angola
Subscriber

Chevron has given the go-ahead for development of the Lianzi field following agreement on a unitised offshore zone between the Republic of Congo and Angola.

Angola | Congo Brazzaville
Subscriber

Cobalt International Energy has successfully appraised the Cameia-1 pre-salt discovery on Block 21/09. The well was drilled 3.5km south of Cameia-1 to a total depth of 5,475 metres.

Angola
Issue 235 - 13 July 2012

Angola: Kizomba Satellites start-up

Subscriber

ExxonMobil has announced the start of production from the Kizomba Satellites Phase 1 project on Block 15

Angola
Subscriber

Hyperdynamics said on 21 June that its SCS Corporation subsidiary had filed a suit in the High Court in London claiming against AGR Well Management Limited following unsuccessful negotiations to address cost overruns associated with the Sabu-1 well offshore Guinea.

Angola
Subscriber

With oil and gas production generating huge revenues, Angola is relaxed about the next phase of its hydrocarbons development, which will take companies deeper into the offshore pre-salt. Petroleum minister Vasconcelos envisages crude output rising to well over 2m b/d, alongside new efforts to secure gas reserves for the nascent LNG export industry, write John Hamilton and Jon Marks

Angola
Issue 234 - 29 June 2012

Angola gas plays

Subscriber

Petroleum minister José Maria Botelho de Vasconcelos told African Energy it was too early to assess what further gas developments, including gas-to-power projects, might be possible in Angola following the inauguration of the Angola Liquefied Natural Gas (ALNG) plant.

Angola
Subscriber

ANGOLA: End-August election date; EQUATORIAL GUINEA: Nguema Lima promoted; TUNISIA: Ennahda-led government to implement EITI

Angola | Equatorial Guinea | Tunisia
Subscriber

Shares in temporary power solutions company APR Energy continue to trade at more than 25% below their March peak, although the London Stock Exchange (LSE)-listed firm has released some positive figures and deal flow data.

Botswana | Angola | Burkina Faso | Senegal
Subscriber

ANGOLA: GE service agreement for Angola LNG; CAMEROON: Pipeline progress; MOROCCO: Benkirane grasps the fuel subsidy nettle

Cameroon | Angola | Morocco
Issue 232 - 01 June 2012

Angolan power plans to accelerate

Subscriber

The slow pace of improvement to power infrastructure is showing signs of picking up following the sacking of energy and water minister Emmanuela Vieira Lopes in December; he was replaced by João Baptista Borges for failing to deliver promised improvements to the sector

Angola
Issue 232 - 01 June 2012

Angola turns to gas for growth

Subscriber

Long a major oil producer, Angola is increasingly looking to gas, with the start-up of the Soyo liquefaction plant enabling the state to monetise a potentially lucrative commodity that was previously flared

Angola
Issue 230 - 04 May 2012

Pipeline project

Subscriber

A memorandum of understanding has been signed by the Zambia Development Agency (ZDA) and a Zambian company called Basali Ba Liseli Resources (BBLR) for a $2.5bn pipeline which would take refined products from Angola to Zambia but the Energy Ministry is less enthusiastic.

Angola | Zambia