Search results

Italy’s Eni seems gradually to be swallowing up BP’s African assets, with potential deals in Algeria and Angola building on a close relationship forged also in Egypt, Libya and Mozambique. These deals may be a sign of a deeper shake-out as European majors adapt to the demands of energy transition, writes James Gavin.

A series of technical and commercial agreements have been signed for the Pande and Temane gas development.

State utility Senelec said a floating storage and regasification unit (FSRU), the Karamol LNGT Powership Africa, arrived in Senegalese waters on 31 May from Singapore. The vessel has been built for the Karamol joint venture of Turkey’s Karpowership and Japan’s Mitsui OSK Lines and means Senegal’s electricity network will soon be party powered by liquified natural gas (LNG) for the first time.

State-owned Qatar Petroleum (QP) has continued its southern African expansion with the announcement on 4 July of the acquisition of three exploration blocks offshore South Africa in collaboration with its regular partner, France’s TotalEnergies. QP will hold a 25% interest in the South Outeniqua block, a 30% stake in the DWOB block, and 29.17% of the OBD block.

Following on from major decisions by multilateral institutions, the Club de Paris (CdP) formally agreed to restructure bilateral Sudanese debt at the creditor governments’ 15 July meeting. The CdP element is near half of the total external debt – put at $56.2bn in net present value (NPV) terms as of end-June – standing at $23.3bn (multilaterals hold $5.6bn and others around $20bn).

Revego Africa Energy Ltd has acquired stakes in three wind projects in South Africa

Confronted by the challenges posed of bringing people together during a period of continued global health, the organisers of the Africa Energy Forum (aef) and Africa Investment Exchange (AIX): Power & Renewables have agreed to work in parallel to hold their industry-leading events in London during the week of 15-19 November.

New York Stock Exchange- and London Stock Exchange-listed Kosmos Energy has secured additional funds to cover future development costs on the Greater Tortue Ahmeyim (GTA) gas project in offshore Mauritania and Senegal, via the sale and leaseback of a floating, production, storage and offloading vessel (FPSO) to its partner BP plc.

State giant Nigerian National Petroleum Corporation (NNPC) signed an engineering, procurement and construction contract on 17 August with China Machinery Engineering Company (CMEC) and General Electric (GE).

Finland’s Wärtsilä and Gabon Power Company (GPC) announced the signing of an agreement with the government to develop, supply, build and operate a 120MW gas-fired power plant at Owendo on 23 September.

The National Union of Petroleum and Gas Workers (Nupeng) suspended a planned nationwide strike by oil tanker drivers on 10 October to allow for discussions with the government. The drivers had been planning to start their industrial action the following day over poor road conditions and other issues.

The Kelvin coal power plant has signed a two-year power purchase agreement (PPA) with the City of Johannesburg to supply an additional 100MW.

Enel Green Power (EGP) has told African Energy that its 138MW Garob wind project in South Africa is expected online “in the coming weeks”. The project was selected as a preferred bidder in an expansion of the fourth round of the renewable energy independent power producer procurement programme (REIPPP4) in June 2015.

BW Energy’s upstream development and independent power investment proposal to develop the elusive offshore Kudu gas field is gaining traction in Windhoek, where IOC activity is gaining pace ahead of much-anticipated wells planned by Shell and TotalEnergies, write James Gavin and a Special Correspondent.

Plans for the Nigeria-Morocco gas pipeline project have edged forward, with the Islamic Development Bank (IsDB) announcing a call for expressions of interest for two consultancy contracts on the grandiose scheme.