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Subscriber

While Gazprom has not entirely withdrawn from the Kudu gas-to-power project, news that the stake has changed hands highlights tension between the Russian major and Namibian authorities, writes Michael Wooldridge

Namibia
Subscriber

Possible new Sonangol borrowing, longer lending tenors and the clearing up of foreign payment arrears are among the major Angolan themes preoccupying foreign financiers and insurers, writes Kevin Godier

Angola
Issue 207 - 16 April 2011

Third BG well discovers gas

Subscriber

BG Group has announced a third offshore gas discovery with the Chaza-1 well, in Block 1, 200km south of the earlier Pweza and Chewa discoveries (AE 203/12). The well was drilled in some 950 metres of water, 18km offshore southern Tanzania.

Tanzania
Issue 211 - 21 June 2011

Petroceltic plans gas farm-out

Subscriber

Petroceltic is planning a second farm-out this year following its sale of an 18.375% stake in its Isarène production-sharing contract (PSC) to Italy’s Eni in April (AE 208/12).

Algeria
Issue 246 - 17 January 2013

Egypt: Ganope bid round

Subscriber

Ganoub El-Wadi Petroleum Holding Company (Ganope) launched a new licensing round on 30 December, offering 20 exploration blocks. Eleven of the blocks are in the Western Desert, five in the Gulf of Suez and two each in the Eastern Desert and Red Sea. The round is due to close on 30 May.

Egypt
Issue 209 - 21 May 2011

Upstream oil and gas: Pointers

Subscriber

ANGOLA: ROC Cabinda stake sale; ANGOLA: New find for Total; ANGOLA: Pazflor FPSO in place

Angola
Issue 210 - 04 June 2011

Tullow buys out EO, lists shares

Subscriber

Tullow Oil has finalised its expected deal to buy minority partner EO Group, in a $305m cash-and-shares deal (AE 206/1).

Ghana
Issue 209 - 21 May 2011

Second rig for Rovuma Basin

Subscriber

Anadarko has contracted TransOcean’s Deepwater Millennium drillship to join the exploration and appraisal programme in the Rovuma Basin. Partner Cove Energy said the ship would start work in Q4 2011.

Mozambique
Issue 189 - 26 June 2010

Tunisia: New discovery for OMV

Subscriber

Austria’s OMV said on 16 June it had made a new gas discovery during drilling of the Ritma-1 exploration well in the Nawara production concession in southern Tunisia

Tunisia
Issue 246 - 17 January 2013

Chariot Oil & Gas: New CEO

Subscriber

Paul Welch has stepped down as chief executive of Chariot Oil & Gas, which says he is leaving to pursue other business interests. Commercial director James Burgess has also left.

Subscriber

Questions have been raised about Victoria Oil and Gas (VOG)'s  ability to continue after the International Chamber of Commerce (ICC) made a substantial award against it in early April. VOG is a business whose importance extends beyond the narrow interests of its shareholders. Its subsidiary Gaz du Cameroun (GDC) is one of the continent’s rare onshore gas producers that sells to a local clientele.

Cameroon
Subscriber

The Maputo government is trying to attract more majors to its offshore acreage, just as industry giants TotalEnergies and Eni ready themselves for further development of their rival liquified natural gas projects in the politically unstable north, writes James Gavin

Mozambique
Subscriber

The cross-border Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) development is proceeding on schedule, according to BP. The UK major said first exports were expected in Q4 2023 – news that will be warmly welcomed by LNG buyers world-wide given surging demand and prices.

Mauritania | Senegal
Subscriber

The 2.3m t/yr Tortue liquified natural gas (LNG) project – phase one of the cross-border Greater Tortue Ahmeyim (GTA) development – is 70% complete, with first gas expected “at the end of 2023”, Strategic Oil and Gas Committee deputy head Mamadou Fall Kane said following a meeting with BP at President Macky Sall’s office.

Mauritania | Senegal
Subscriber

Afreximbank and the African Petroleum Producers Organisation (APPO) have agreed to jointly create the African Energy Transition Bank to fund gas and oil projects and other energy schemes around the continent, at a time when many traditional sources of funding are drying up. However, many details remain to be ironed out, including how it will be funded.