MCC funds for schools, farming; MoU for Port Harcourt ring road; JBIC: Africa office
RANGE RESOURCES: Bogor leaves, Povey moves aside; TECHNIP: New Nigerian contract
An independent arbitration tribunal has given Addax Petroleum Corporation an additional 7.2% participating interest in its operated Block 4 of the Nigeria/São Tome e Principe Joint Development Zone (JDZ).
ADDAX: Nigerian milestone; ARTUMAS: Mozambique’s gas potential; EUROGAS: Tunisia player’s subsidiary to be spun off to shareholders
MCC funds for schools, farming; MoU for Port Harcourt ring road; Japan Bank for International Co-operation has established an Africa Office
The federal government has reversed the award of three oil blocks – OPLs 226, 2005 and 2006 – to India’s Essar Exploration and Production and Sterling Global Resources during last year’s licensing round. ThisDay newspaper quoted a letter from Ministry of Energy (Petroleum) permanent secretary Sadiq Mahmood as saying neither of the firms had met the prequalification requirements for the 2007 bid round.
Few issues have the potency to stir up western chanceries and international oil company boardrooms as much as Gazprom’s flexing of its muscles in countries whose supply of energy is deemed so critical to the European Union. These include Algeria, Libya and Nigeria, the targets for what
The Export-Import Bank of the United States has doubled the size of its Nigerian bank facility to $1bn. Ex-Im Bank said the move met with a growing demand from Nigerian banks for medium- and longer-term financing.
A N26bn ($220m) financing agreement for the Escravos gas-to-liquids (GTL) project was signed on 21 June between a consortium of Nigerian banks and Nigerian National Petroleum Corporation (NNPC) and its joint venture partner Mobil Producing Nigeria (MPN).
Presidential adviser on energy Rilwanu Lukman has said he expects final government approval of his report on the restructuring of the Nigerian hydrocarbons sector “in the next week or two”.
UK-based Africa Oil Exploration Plc (AOC), which listed on London’s PLUS market in January 2008, raising £1.03m, recently bought a 9.68% stake in London-based Wilton Petroleum. AOC’s managing director David Carr told African Energy
CBM pilot drilling; EEPCo seeks Gilgel Gibe 3 links;Accra looks to nuclear power; Gurara Falls HEP scheme; Rural electrification tenders; Gariep hydro rehab; AfDB financing
Former GNPC head jailed; Winfield wins approvals for refinery project; Abu Dhabi plans refinery; Chemical distribution deal; Petronas puts refinery on hold
Afren and its partner Amni International Petroleum Development Company have announced the start of production from the Okoro Setu project in OML 112. Initial production from the first of two wells drilled to date has commenced at a rate of more than 3,000 b/d of 27º API gravity oil. .
To much fanfare, Nigerian President Umaru Musa Yar’Adua has announced plans to hand over Royal Dutch Shell’s interests in Ogoniland to Nigeria National Petroleum Corporation (NNPC) and bring them back into production. This may not be such a big deal: Shell is hoping
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