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Issue 218 - 22 October 2011

Ophir rescues Dominion in $186m deal

Subscriber

Ophir Energy has stepped in to buy Dominion Petroleum after the AIM-listed East Africa player failed to push through a recapitalisation plan in July. The deal could benefit both companies, writes Thalia Griffiths

Kenya | Tanzania
Issue 214 - 30 July 2011

Rialto secures rig for Q1 2012

Subscriber

Australia’s Rialto Energy has secured a jack-up drilling rig from Transocean and plans to drill on CI-202 in Q1 2012

Côte d'Ivoire
Subscriber

Texan junior Hyperdynamics filed for bankruptcy on 22 December, after a Chinese investor pulled out of a deal to buy 53% of the company following the failure of drilling offshore Guinea. Hyperdynamics announced in November that it had reached a definitive agreement to sell 40m shares to CLNG Limited (Hong Kong) for $6m, but in December the Guinean government turned down its request to extend the licence, which was the company’s sole asset.

Guinea
Issue 145 - 06 September 2008

FCP delays MLE production date

Subscriber

As it struggles to bring its Algerian assets into production, but amid renewed bid speculation that on 3 September triggered a 33.5% rise in its London Alternative Investment Market share price, Canada’s First Calgary Petroleums (also quoted on the Toronto Stock Exchange) announced a Q2 loss of $14.5m.

Algeria
Subscriber

Australia’s Rialto Energy has spudded the first of a three-well drilling programme on the CI-202 Block

Côte d'Ivoire
Free

A Canadian junior’s project to redevelop a significant cluster of oilfields alongside two state companies suggests it’s not just big, long-established partners that are making the running in Republic of Congo, writes Eleanor Gillespie.

Congo Brazzaville
Issue 242 - 01 November 2012

Government keen to speed up licensing

Subscriber

Somalia’s new government is aiming for a quick resolution of its oil licensing issues so that it can kick-start investment, and hopes to lure back diaspora Somalis with relevant skills. Ministry of Water, Energy, Petroleum and Mineral Resources senior adviser Abdullahi Haider told Global Pacific & Partners’ Africa Independents Forum that when appointed, one of the new minister’s first tasks will be to send letters of notification to the companies that held licences before the civil war, inviting them to return to their acreage

Somalia
Subscriber

CGG has completed acquisition of 15,400km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High. The survey area covers blocks Z5-C and Z5-D, awarded to ExxonMobil in a 2015 licensing round, and surrounding open acreage.This is the first survey to be conducted following the agreement CGG signed with the National Petroleum Institute (INP) in 2017 for the acquisition of a new multi-client programme.

Mozambique
Subscriber

Gas producer PanAfrican Energy (PAE) has acknowledged that inaccurate cost recovery claims of $28m in Tanzania were the result of “mistakes”, but continues to deny accusations of fraud levelled by a parliamentary committee report as it awaits a response from the government.

Tanzania
Subscriber

SOCO to drill next month; Gasol diversifying into GTP; Aegean, Groundstar revise West Kom Ombo terms

Egypt | DR Congo | Equatorial Guinea
Issue 199 - 03 December 2010

Majors absent from STP’s EEZ round

Subscriber

Six companies have bid for the seven blocks offered in the licensing round for São Tomé e Príncipe’s Exclusive Economic Zone

São Tomé & Príncipe
Subscriber

Cape Town-based Africa Energy Corporation has obtained a two-year renewal of its exploration right for Block 2B and aims to drill an exploration well in 2019. Vice-president exploration Jan Maier said in a statement the renewal would enable the company to launch operations for the second exploration period. “We have recently identified additional prospectivity and potential drilling locations on Block 2B using the previously acquired 3D seismic.

South Africa
Subscriber

Nigeria’s future upstream oil and gas projects are being put at risk by a surge in rebel attacks in the troubled Niger Delta and confusion surrounding the government’s energy policy.

Nigeria
Issue 250 - 14 March 2013

RWE assets up for sale

Subscriber

German utility RWE’s decision to sell its wholly owned upstream subsidiary RWE Dea presents an opportunity to acquire a portfolio of North Africa assets including production in Egypt, pending developments in Algeria and Libya and exploration rights in all three countries as well as in Mauritania. The company also has licences in a handful of European countries as well as in Trinidad and Tobago and Turkmenistan.

Egypt | Libya | Algeria
Issue 375 - 31 August 2018

Ghana: Sankofa gas deliveries start

Subscriber

Following the start-up of production in July, Eni has started delivery of gas from the Sankofa field on the Offshore Cape Three Points (OCTP) Block to Ghana National Petroleum Corporation. Gas is flowing from two of the four deep-water subsea wells and gas volumes will increase gradually as the country’s downstream gas infrastructure undergoes further commissioning.Partner Vitol said the project would provide approximately 180mcf/d for at least 15 years, sufficient to supply half of Ghana’s power generation requirements.

Ghana