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
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.
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.
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
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
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
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
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
For long flared or just ignored, gas has emerged as a critical energy source for local use and export as demand has risen across the continent and consumers world-wide have looked to book secure supplies.
MOROCCO: AfDB loan for T&D; NIGERIA: GE, Rockson win Kaduna power plant contract; SOUTH AFRICA: Westinghouse fuel contract for Koeberg; SOUTH AFRICA: Medupi contract for Areva
Houston-based ERHC Energy has signed a non-binding memorandum of understanding (MoU) with Circle Ltd and Excel Exploration and Production to negotiate acquisition of a working interest in the Eremor marginal field in OML 46.
Gulf Of Guinea Commission meeting; China Development Bank opens Egypt office; Liberia EITI compliant; Botswana ONDD downgrade
GAZPROM: Into the trans-Atlantic business; SAMIR: Bitumen contract; SAMIR: Maintenance deal; SASOL: Carbon capture MoU; SONATRACH: Gasoline cooler contract
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