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The agreement between Greece’s Metka and a body calling itself the General Authority for Electricity and Renewable Energy of Libya (Gaerel) to build a 500MW open-cycle power plant in Tobruk shows that some in eastern Libya have not given up their ambition of wresting control of vital state institutions from Tripoli. However, the politics behind the deal are confused and, without access to the budget, it is hard to see how it can go ahead. Meanwhile, the Tripoli-based General Electric Company of Libya (Gecol) has succeeded in adding new capacity and reuniting the network into a single grid.

Libya
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President Macky Sall’s government has emerged from the immediate chaos of extensive rioting and is pointing to major gas, infrastructure and other developments as a way to restore growth and create jobs, but its calm outward face hides deep concerns over governance and social tensions in a country which has sucked in debt and equity on the basis of its stable reputation, write Waly Dione Faye and Jon Marks.

Senegal
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US developer Endeavor Energy has gone public in its dispute with Starenergie 2073 over the local partner’s decision to drop it from the 372MW Songon gas-to-power project, and sign up a Chinese contractor to develop the scheme. How the stand-off might be resolved is not yet clear, but legal action is likely. Its statement, issued on 3 October, said: “Endeavor is fully committed to enforcing its rights under the JDA and will seek redress against Starenergie and anyone tortuously interfering with its contractual rights.”

Côte d'Ivoire
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Chariot Oil & Gas says it has received non-binding expression of interest (EOI) letters from the Africa Finance Corporation and a multinational investment bank to finance the Anchois gas development project on the Lixus licence. AFC has offered development debt finance, while the bank has offered reserves-based lending.

Morocco
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Ghana’s Ministry of Finance announced in late September that Cenit Energy Ltd has agreed new terms for its 126MW dual fuel power plant. The government has been attempting to drive down the cost of power by renegotiating power purchase agreements (PPAs) with IPPs. After fact-finding consultations earlier in the year, talks with operating or near-operating IPPs have moved on to more substantive negotiations, and Cenit is the first to reach agreement.

Ghana
Issue 335 - 24 November 2016

Standard Chartered wins IPTL case

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The High Court in London on 16 November issued a summary judgement that a $168.8m debt owed by Independent Power Tanzania Ltd (IPTL) to Standard Chartered Bank (Hong Kong) Ltd (SCBHK) is payable in full. The case was brought by SCBHK and Standard Chartered Bank Malaysia as facility agent and security agent respectively against IPTL, VIP Engineering and Marketing Ltd, which is one of IPTL’s founding sponsors, and Pan African Power Solutions (PAP), whose chairman is controversial businessman Harbinder Singh Sethi and whose current ownership of IPTL is strongly contested.

Tanzania
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Ghana’s reputation as a donor/investor darling has taken many knocks, and more court battles are expected as international arbitration beckons in the battle between Eni and its local partner, writes James Gavin.

Ghana
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Algeria and Nigeria were the fifth and seventh largest gas flarers in the world last year, according to the World Bank Group’s recently released 2020 Global Gas Flaring report. It is the ninth year in a row that both countries have made the top ten, which is led by Russia, Iran and Iraq.

Nigeria | Algeria
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South Sudan announced plans in early June to auction 14 oil and gas exploration blocks in a forthcoming series of licensing bid rounds. The campaign will involve up to five roadshows as Juba looks to attract interest in acreage located close to producing blocks in Muglad and Melut in Republic of Sudan and South Sudan and to the Anza basin in Kenya.

Sudan
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The Oslo-listed indie is taking advantage of heavyweight backing from hydrocarbons powerhouses Abu Dhabi and Norway to extend its position in West and Central Africa. Drilling is planned, as is a new effort to develop Nigeria’s Aje field, writes James Gavin

Guinea-Bissau | Congo Brazzaville
Issue 432 - 11 February 2021

Ghana: Tullow to resume drilling

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Tullow Oil has brought back the Maersk Venturer drillship for its planned development drilling at the TEN and Jubilee fields, with a conditional letter of award announced on 4 February. Maersk Drilling said the contract would last around four years with an expected start in Q2 2021 and an estimated value of $370m. The drillship has been warm-stacked in Las Palmas since finishing a drilling campaign in Ghana for Tullow in mid-2020.

Ghana
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Government officials say that nine companies continue to hold on to exploration acreage in Zambia, despite the unfavourable market conditions. Ministry of Mines and Minerals Development permanent secretary Paul Chanda told African Energy that Zambia remained “very confident” that oil and gas will be discovered despite a reduction in the number of companies exploring. Exploration work is currently suspended until after the rainy season which comes to an end in April.“The chances are there that we may discover either oil or gas or both.

Zambia
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A handful of companies, including several with long experience of operating in Egypt’s upstream sector, have committed nearly $800m to new and ongoing exploration projects since late November. The government’s early December postponement of a tender for a third floating storage and regasification unit (FSRU) is based on forecasts that the extra gas will not be needed in 2017 and most analysts believe that rates of production will increase in the years up to and beyond 2020.

Egypt
Free

Eni’s board of directors has approved the investment for the first phase development of the Coral gas discovery in Area 4 of the Rovuma Basin. The approval is a key step towards the final investment decision (FID) on the Coral South project, which will become effective once all the Area 4 partners have approved it and the project financing, which is being finalised, has been agreed. The project involves the construction of six subsea wells connected to a floating production facility with a liquefaction capacity of over 3.3m t/yr of liquefied natural gas (LNG), equivalent to 5bcm.

Mozambique
Issue 335 - 24 November 2016

Equatorial Guinea: Bid round extended

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The Ministry of Mines and Hydrocarbons has extended the timetable for the 2016 licensing round, giving companies more time to submit bids. Interested companies must now submit prequalification bids by 31 January 2017. Prequalified companies will be announced on 3 February and will be able to access the data room until 20 April. Final bids must be submitted by 28 April. When the round was launched on 6 June, the bid deadline was 30 November. The ministry now aims to announce the successful bidders on 15 May and issue invitations to begin negotiations at the end of the month.

Equatorial Guinea