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AFREN: Another Nigerian indigenous partnership; HERITAGE: Ends sale talks; ROC OIL: New chief executive mulls future; SAIPEM: Drilling contracts
Mauritania’s early August coup was widely seen as a setback for democracy in Africa and a reminder of the difficulty of developing robust state structures in fragile nations that are prone to economic disappointments, unresolved social cleavages and grasping elite power-brokers.
Baraka Petroleum has been forced to pull out of its Mali blocks because of funding difficulties, but the country whose potential it pioneered is now seeing brisk licensing interest from a wide range of players, writes Rosie Collyer.
ALGERIA: Gulf Keystone gas find ANGOLA: Cabinda South drilling LIBYA: Eni charter MADAGASCAR: Aminex pulls out; MADAGASCAR: Chinese partners; MAURITANIA: RWE farms into onshore; MAURITANIA: Chinguetti drilling; MOZAMBIQUE: Indians plan Rovuma farm-ins; SIERRA LEONE: Elixir completes seismic; TUNISIA: Al Thani rig contract
Mali and Mauritania pioneer Baraka Petroleum said it had appointed administrators to wind up the company after failing to secure funding or find buyers for its Mali and Mauritania assets. “In recent months the company has actively pursued
The high global cost of oil and gas exploration has slowed the pace of work on some of the Gulf of Guinea’s smaller plays, and several blocks secured at the height of industry excitement about the region are now changing hands as the original licensees review their positions. Many of the newcomers are Australians, originally tempted into Africa’s east coast and now looking west. For a number of players,
The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.
Recently-established Qatar Petroleum International (QPI) has bought a 20% stake in Total’s Taoudeni Ta7 and Ta8 permits. Total remains operator with a 60% stake, with the remaining 20% belonging to Sonatrach, which farmed in in March (AE 135/18).
ANGOLA: Block 15/06 find; ANGOLA: SeaBird contract; REPUBLIC OF CONGO (BRAZZAVILLE): Moho-Bilondo starts up; EGYPT: Melrose record production from its acreage; GAMBIA: GB Energy pulls out; LIBYA: Hess to acquire 2D seismic; MADAGASCAR: Seismic shoot; MAURITANIA: Banda NW sidetrack hits oil and gas; TUNISIA: Sud Remada drilling success
GABON: Good result from Onal field; LIBYA: Repsol rig arrives; MAURITANIA: Total brings Algerians into Taoudeni; MAURITANIA: Dry well
CONGO-B: Marine XI farm-out brings in Vietnamese; MAURITANIA: Khop well spuds; TUNISIA: Vietnamese take two blocks; TUNISIA: DualEx enters with Bouhajla stake
Vancouver-based Winfield Resources has been advocating projects across north-west Africa where few downstream players yet venture. So far, most of its …………………..
Winfield Resources has approached the government with a proposal to build, own and operate a 30,000 b/d refinery in Nouakchott. The Vancouver-based petroleum company said the government had invited it to make detailed proposals, and it had engaged Surrey-based KBC Process Technology to provide consulting services and technical support.
BOWLEVEN: Gabon farmout to Addax; STERLING ENERGY: New banking facilities; WOODSIDE: Mauritania sale completed
ALGERIA: Sonatrach finds, CAMEROON: New onshore licence for Bowleven, COTE D’IVOIRE: Tullow, Kufpec join Edison block, GHANA: Songa Saturn for Kosmos, MAURITANIA: Sonatrach farms into Total acreage
