Goodluck Jonathan’s new cabinet is packed with surprises that the acting president hopes will cement his authority and speed up government business.
Acting President Goodluck Jonathan has submitted to the senate his first 33 nominations to fill government ministries a week after sacking the cabinet in a bold move to stamp his authority on government.
The new government is committed to pushing the Petroleum Industry Bill (PIB) through parliament this year, despite the departure of the law’s architect, ex-petroleum minister Rilwanu Lukman.
ANGOLA: Big tanker order for DSME; NIGERIA: KBR awarded contract for Eleme plant revamp; TUNISIA: IDB, Steg sign loan for gas supply project
Houston-based ERHC Energy says the national petroleum agency ANP-STP has granted it 100% in blocks 4 and 11 of the islands’ Exclusive Economic Zone, following its exercise of preferential rights.
Oil sector financiers are anticipating another busy year, led by the need for new money in the hydrocarbons sectors in East and West Africa, writes Kevin Godier
Shell Petroleum Development Company of Nigeria (SPDC) has agreed to transfer its interest in three production licences in the Niger Delta to a consortium led by two Nigerian companies.
The government is determined to hold a licensing round by year-end for onshore and offshore fields – as forecast by African Energy (AE 179/19) – in a very difficult political environment.
MADAGASCAR: Shaanxi Yanchang joint venture; TANZANIA: Likonde drilling; NIGERIA: ONGC investmentl; AFREN: Nigeria discovery raises reserves estimates; OANDO: Rights issue
Speculation is growing that the political order has changed in important ways in recent weeks, during which ailing President Umaru Musa Yar’Adua has remained in Saudi Arabia for medical treatment amid growing concern that a dangerous power vacuum is growing. Most analysts still believe Yar’Adua will hold on to his job for as long as he lives
The Congo river is most usually seen as a world-scale hydro resource, with its basin straddling the Equator ensuring a minimum water flow able to sustain a project as large as the 50GW Grand Inga scheme. But the impact of negative trends in regional hydrology could put even Africa's mightiest potential hydroelectric power (HEP) resource at risk, according to some analysts.
The politicking and uncertainty that surround President Yar’Adua’s illness have further undermined confidence in the ability of Nigeria’s venal leadership to reform, while electricity and other key sectors remain in a catastrophic state
The Christmas day attack on a flight bound for Detroit in the United States by well-heeled Nigerian student turned radical jihadist Umar Farouk Abdulmutallab was an acute embarrassment to the Nigerian government. It not only forced the US Transportation Security Administration to add the Nation to its watch list of 14 countries
ALGERIA: Sonatrach announces five new finds; ANGOLA: CLOV survey contract; DRC/RWANDA: Partners sought for Lake Kivu methane; EGYPT: Technip contract for WDDM; EGYPT: Premier completes NW Gemsa sale; EGYPT: Premier completes NW Gemsa sale; EQUATORIAL GUINEA: Contract extension for Songa Saturn; GHANA: Well confirms southerly extent of Jubilee field ; KENYA: Block L8 3D seismic completed; NIGERIA: Total find on OPL 223
Not for the first time, the availability of financing for African energy players was split in 2009, between commercial banks seeking structured oil deals and power projects largely dependent on official funders, writes Kevin Godier
African Energy is a brand of
©Copyright 2023 African Energy
4 Bank Buildings
T: +44 (0)1424 721667