Search results

PetroVietnam/PTTEP JV plans $2bn investment; AMEC JV in training initiative; Block 31 yields 17th discovery; Lukoil/Vanco drilling; San Leon to convert Zag licence; Chariot completes seismic, woos partners; Aje field deemed commercial; Petrodar to bring new field on stream

Amid reports of in-fighting over power policy and claim and counter-claim over police raids, President

Despite early hopes that Africa might escape the worst of the global financial crisis, sharp falls in oil and metals prices will hit many countries hard.

CETCO: New entrant in Libyan oilfield service sector; SEABIRD: Agbami survey contract

EGYPT: ELNG software contract; KENYA: Mombasa refinery maintenance closure; NIGERIA/US: KBR pleads guilty in NLNG case

Gasol and Teekay are planning a near-shore liquefaction process to monetise gas in the Gulf of Guinea region.

There was dramatic confirmation that Nigeria’s power sector is bracing to undergo another period of political flux when, on 4 February, it was announced that respected regulator Ransome Owan and other officials had been held on corruption charges. The EFCC’s swoop came as new Power Minister Rilwan Babalola is seeking to stamp his mark on the troubled sector and add those missing gigawatts to the national grid as quickly as possible – even if it means challenging other key players, write Jon Marks and Leo Lawal.

The government has cancelled the award of two deep-water oil blocks to a South Korean consortium claiming that the group failed to make the necessary payments.

ADDAX: Onshore Nigeria find; PROSAFE: Drilling FPSO heads for Murphy’s CONGO-B field; ROC OIL/MAREX: Mozambique Channel block; PERENCO: Gabon find

Big oil companies like BP and Royal Dutch Shell are taking a long-term view of the current low oil price, vowing to maintain capital expenditure even if it means increasing borrowing. The good news is that major projects in Angola, Nigeria and other key locations are set to continue despite the credit crunch.

Gas supply talks with Croatia; Refinery valuation tender

The presidents of Nigeria and São Tomé & Príncipe have called on oil companies with acreage in the Joint Development Zone to move ahead with exploration.

EX-IM BANK: Still open for Nigeria; MOZAMBIQUE: IFC finances mining exploration; MENA REGION: IFC supports CTI Group

While Nigerians have been speculating once more about the future of ailing President Umaru Musa Yar’Adua, his new Petroleum Resources Minister Rilwanu Lukman has shown a taste for decisive action that has been largely missing in recent months, when promises to restructure Nigerian National Petroleum Corporation (NNPC) and other key energy bodies were let slip (AE 152/24, 149/24).

The announcement that a Dubai company is to ‘invest $16bn’ in Nigeria serves as a reminder of the extent that Gulf investors have sought out new business in Africa.