Search results

Kaduna Refining and Petrochemical Company is fully back on stream following the restoration of its fluid catalytic cracking unit after 13 years of partial redundancy

Lively debate over the future look of the Libyan energy sector suggests that devolved management and a more open process of setting budgets will emerge in the post-revolutionary institutions. But while change will be welcomed, IOCs and other investors should still expect a climate of hard bargaining to prevail

Calgary-based Griffiths Energy International has closed a $125.04m private placement equity financing, after issuing 20.84m common shares at $6/share

With Eni hitting another 10tcf on the Mozambican side of the Rovuma Basin and BG reporting a 4.5tcf find in Tanzania, excitement continues to build about east coast gas plays, driving up share prices and encouraging hedge fund executives to fly into Maputo

Tullow is ‘really pinching itself with these results’ and so are Kenyans. Tullow’s discovery in Turkana County offers potential for big revenue flows and greater energy security, but provokes ‘resource curse’ fears as East Africa’s biggest economy finally lines up to become an oil producer

Brenham Oil & Gas Corporation on 23 March announced a letter of award from the government giving it a 15% participating interest in four blocks in West Africa

The World Bank Group’s International Finance Corporation (IFC) has formally announced an investment in Perth-based Rialto Energy, to support its operations in Côte d’Ivoire

Nigerian National Petroleum Corporation (NNPC) is considering a final investment decision (FID) on Nigeria Liquefied Natural Gas (NLNG)’s delayed Train Seven project by Q4 12

Big players, including BP and Petrobras, are piling into the Namibian offshore, finding themselves in partnership with some largely unknown local partners

Tullow Oil and Africa Oil Corporation are in the enviable position of having no other partners in the 12,638km2 Block 10BB, where oil was found in March

A year after the Arab Spring, North African officials are once more flocking to events held beyond their borders, signalling a less introverted approach to doing business by companies traumatised by political turbulence

Efforts are being made to improve maritime security along the Puntland coast

Following Dragon Oil’s decision to drop its bid for Bowleven on 26 March reported a narrowing pre-tax loss for the six months to 31 December of $5.495m and a loss per share of $0.02; Nigerian conglomerate Oando is increasing its upstream activity, with three rigs now in operation and a fourth due in service by year-end

The government has announced funding from the African Development Fund and Japanese Agency for International Co-operation (Jica) to finance its electricity transmission and distribution grid; Andritz on 19 March announced that its Andritz Hydro unit had received an estimated E45m ($59m) order to rebuild and rehabilitate two more 178MW units at the Inga II hydropower plant; Companies have until 30 April to bid for a number of lots of African Development Bank (AfDB)-funded equipment; Companies have until 23 April to prequalify for an African Development Fund grant-financed rural electrification project; The US Trade and Development Agency has awarded a $666,619 grant to Société Nationale des Transports et de la Logistique for a feasibility study on a 1.5MW solar PV rooftop pilot project in Mohammedia; There have been reports from Zimbabwe that Hidroeléctrica de Cahora Bassa (HCB) in mid-March halted exports to troubled state utility Zesa Holdings; Agence Sénégalaise de l’Electrification Rurale (ASER) is looking to draw up a shortlist of six consultants to oversee the conception and implementation of a project to offer the Louga-Kébémer-Linguère region as a concession

Indonesia’s Indorama Group will in May inaugurate a new production plant at Eleme Petrochemicals in Port Harcourt, subject to completion of the regulatory process