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Sonangol has signed agreements with a list of mostly majors for nine offshore blocks in the Kwanza Basin, where it hopes to emulate Brazil’s pre-salt success
Crude deal agreed with Swaziland; Products terminal tender; European procurement specialist sets up in SA
With interest in the West African Transform Margin steadily increasing, Sierra Leone has launched a bid round for its nine open blocks. An announcement published by the Petroleum Directorate said the bid period would run from 29 December to 30 March
The World Bank’s International Finance Corporation (IFC) is investing €60m ($76m) in direct financing, and co-ordinating €138m in syndicated and parallel loans to the Kribi Power Development Company (KPDC) for its 216MW gas-fired power plant project
Algeria’s council of ministers has approved the sale of an 18.375% interest in the Isarene production-sharing contract (PSC) to Enel Trade SpA (Enel); Doris Engineering has given UK-based Jee a contract for specialist subsea and riser engineering for the deep-water Kaombo pipeline system on Total’s Block 32; Operator SOCO International has encountered non-commercial hydrocarbons in the Makouala Marine-1 exploration well on the Marine XIV licence; Egyptian General Petroleum Corporation (EGPC) has extended the deadline for its licensing round to 29 March; Golden Crescent Investments, a Citadel Capital opportunity-specific fund, has agreed to sell its interest in National Petroleum Company Egypt Limited (NPC Egypt) to Canada’s Sea Dragon Energy; Hess has issued a letter of award to Seadrill to enter into an eight-well drilling contract for the semi-tender rig West Esperanza; Australia’s Tangiers Petroleum plans to list on London’s Alternative Investment Market on 3 February and has begun a 677km2 3D seismic acquisition programme in its offshore Tarfaya Block; Circle Oil has completed the construction phase of the new Sebou-Kenitra 8-inch pipeline; TVI Pacific has opted not to take part in the second exploration phase for the Tenere Block with China National Petroleum Corporation; PA Resources has sold its stakes in the Ezzaouia and El Bibane oil-producing fields to Candax Energy for $4m
A government move to cut the subsidy it pays to keep electricity prices low for domestic and industrial consumers has fed into new fears of civil unrest and underlined the burden of paying for imported diesel until the Bujagali IPP eventually comes on stream
India’s Essar Oil, which owns 50% of Kenya’s Mombasa refinery, has offered to build Uganda’s planned refinery. “There has been a big oil find in Uganda. To process it, they
Sonelgaz’s president tells African Energy that ‘our differences with Dii have been resolved’ as Algeria reassesses its attitude to European mega-schemes, writes Selwa Calderbank in Brussels
With power cuts causing riots in Kampala, and the start-up of a long-awaited hydro-electric power project delayed for the fourth time this year, Uganda is in for a difficult dry season, writes Adrian J Browne
A new hydropower plant is planned in Manica province, governor Ana Comoane told Radio Moçambique in early December.
Petro Kareem, Dana Petroleum’s joint venture with Egypt’s General Petroleum Corporation, has received approval from the Ministry of Petroleum.
SBM Offshore has signed contracts with Italy’s Eni for the 12-year lease and operation of the Xikomba floating production, storage and offloading vessel (FPSO) on the Block 15/06 development.
Oando Gas and Power has completed construction of a 128km gas pipeline system from Akwa Ibom to Cross River State. The pipeline was built under a joint-venture arrangement …
Dominion Petroleum, which is being acquired by Ophir Energy, plans to acquire 2D seismic on offshore Block 7 in early 2012. Mubadala Oil & Gas farmed
Bumbuna hydro developer Joule Africa has appointed three big names to its advisory board. Lord Triesman was UK parliamentary
