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Issue 197 - 05 November 2010

India's ONGC eyes Exxon stake

Subscriber

Indian state-run ONGC is considering buying stakes in Block 31 from ExxonMobil and Total. ONGC managing director RS Butola confirmed his company was in talks

Angola
Subscriber

ALGERIA: Petroceltic plans Ain Tsila appraisal; ANGOLA: New 15/06 find for Eni; ANGOLA: KBR wins Clov contract; DR CONGO: Soco drilling; EGYPT: Crosco provides rig for INA well; GUINEA-BISSAU: Svenska 3D survey; KENYA: Cove completes farm-in; NIGERIA: Ebok field sail-away ceremony; ERHC ENERGY: Registered direct offering raises $2m; GE: Dresser acquisition; PROSAFE/BW: Nigeria extensions, merger

Kenya | Egypt | DR Congo | Angola | Nigeria | Guinea-Bissau | Algeria
Free

As usual, there was no explanation from Luanda of President José Eduardo dos Santos’ partial government reshuffle on 5 October, which reorganised key economic departments and the senior ranks of the military.

Angola
Subscriber

Sonangol is back in the syndicated bank market, which the Angolan parastatal visits at least once a year to raise a minimum $1bn in debt, often on the back of a receivables purchase agreement structure.

Angola
Subscriber

Ghana Cocoa Board (Cocobod), Africa’s most consistent pre-export borrower and a benchmark for sub-Saharan trade finance terms, has tapped its largest annual pre-export finance facility.

Ghana | Angola | Nigeria
Subscriber

ANGOLA: Clov contract for FMC; ANGOLA: Cabinda appraisal well successful; ANGOLA: West Gemini drilling for Total; MAURITANIA: Dana spuds well on Cormoran gas prospect; MOROCCO: Tarfaya oil shale project progresses; MOZAMBIQUE: Sasol signs for onshore gas block; NIGERIA: Hardy sells up to focus on India; NIGERIA/SAO TOME: JDZ partners discuss second phase; SEYCHELLES: Seismic deal for EEZ; TANZANIA: M&P drills on Kianika; TUNISIA: Lambouka well

Mozambique | Angola | Mauritania | São Tomé & Príncipe | Seychelles | Nigeria | Tanzania | Morocco | Tunisia
Subscriber

Circle Oil placing raises $65m; Brief stay for new Hyperdynamics CFO; Potential Sonangol Iraqi farm-out

Egypt | Angola | Namibia | Guinea | Morocco | Tunisia
Subscriber

Parastatal JV plans offshore drilling; Clov tenders line up; ExxonMobil seeks MTPS farm-out; Seplat completes Niger Delta purchase

Angola | Nigeria | Congo Brazzaville | Algeria | Tunisia
Issue 191 - 24 July 2010

Countries and Markets

Subscriber

Eni and its partners have made a new oil discovery in Block 15/06 with the deep-water Cabaça SE-1 well. The well, located in 470 metres of water 100km offshore, encountered significant oil-bearing reservoirs in the Miocene series. An appraisal well is planned to be drilled in Q3 2010 with the objective of delineating and testing this oil accumulation. Cabaça SE-1 is the seventh exploration well drilled in Block 15/06 since the block was awarded at the end of 2006. The eighth well of the exploration drilling campaign, Mpungi-1, is currently being drilled,and it will complete the work commitment of the first exploration period. The block has delivered six commercial discoveries out of the seven prospects drilled to date.

Egypt | Angola | Nigeria | Gabon | Morocco | Tunisia
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ANGOLA: New find on Block 15/06; EGYPT: Mitsui buys in; GABON: Perenco workover raises output; MOROCCO: Exploration progress; NIGERIA/SAO TOME: Total Takes Chevron’s Block 1 stake; NIGERIA: Drilling success for Sinopec; TUNISIA: AfDB funds for Etap; UGANDA: Butiaba appraisal success

Egypt | Angola | São Tomé & Príncipe | Nigeria | Uganda | Gabon | Morocco | Tunisia
Subscriber

ANGOLA: Top crude supplier to China; LIBERIA/NIGERIA: Crude supply deal

Angola | Nigeria | Liberia
Subscriber

REPUBLIC OF CONGO: Nkossa contract extension; EGYPT: Technip contract for WDDM expansion; MAURITANIA: Taoudeni well makes slow progress; NIGERIA: Amenam contract extension; NIGERIA: Gas find for Conoil, Total; Chariot: Namibia seismic ready for inspection; MAUREL & PROM: Bullish on Nigerian acquisition; SEADRILL: Delivery of deep-water drillship West Gemini; SONANGOL: Venezuela move

Egypt | Angola | Mauritania | Nigeria | Congo Brazzaville
Issue 189 - 26 June 2010

Opec targets exceeded

Subscriber

Angola is expected to export more crude oil in August than in July, with 1.80m b/d set to load in 58 cargoes, provisional loading programmes show

Angola
Issue 189 - 26 June 2010

Doris wins Lucapa pre-FEED

Subscriber

Houston-based Doris has won the pre-front-end engineering and design contract for the Chevron-operated Lucapa field development in offshore Block 14

Angola
Subscriber

Angola has not given up plans to launch the licensing round put on hold since 2008 as first elections, then the global economic crisis, delayed plans to offer open acreage to investors

Angola