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Issue 408 - 30 January 2020

Libya: Impact of the blockades

Subscriber

On 17 January, senior officers from the Libyan National Army General Command and the Petroleum Facilities Guard (PFG) of the Central and Eastern Regions instructed the managements of Sirte Oil Company (SOC), Harouge Oil Operations, Waha Oil Company, Zueitina Oil Company and Arab Gulf Oil Company to stop oil exports from the terminals at Marsa Al-Hariga, Zueitina, Marsa Al-Brega, Ras Lanuf and Sidra. National Oil Corporation (NOC) closed the ports, placing them under force majeure the next day.

Libya
Subscriber

Concerns are rising about Algeria’s ability to finance major projects from its fast-diminishing foreign reserves, but state energy giant Sonatrach continues to make strategic investments, on 30 May completing the purchase of 8.04% of the Medgaz pipeline company’s equity. The purchase from Abu Dhabi state investment fund Mubadala gives Sonatrach a 51% majority stake in the 8.2bcm/yr pipeline running to Spain, which started operation in 2011 and is slated for further expansion, market conditions permitting.

Algeria
Subscriber

Eskom Holdings has issued a Request for Information (RFI) for the proposed conversion of the existing open-cycle gas turbines at the Ankerlig and Gourikwa peaking power stations in Western Cape Province to combined-cycle operation. The 1,327MW Ankerlig power station at Atlantis near Cape Town and the 740MW Gourikwa power station at Mossel Bay near the PetroSA refinery are currently operating on diesel fuel.

South Africa
Subscriber

Eni on 2 March announced the completion of a gas pipeline connecting the Bir Rebaa Nord (BRN) and Menzel Ledjmet Est fields in the Berkine Basin. The 185km, 16-inch pipeline has a transport capacity of 247mcf/d. It will also allow for the gathering and export of associated gas produced in Block 403 from Eni’s BRN and Bir Rebaa South West fields, as well as the development of new gas fields in three North Berkine blocks.

Algeria
Subscriber

The governments of São Tomé and Príncipe and Equatorial Guinea have agreed to establish a joint exploration zone and to develop cross-border oil and gas reserves that may lie in the blocks bordering each country’s national waters.A statement on 18 March said the decision was taken during a meeting in Malabo between São Tomé minister of public works, infrastructures, natural resources and environment Osvaldo Abreu, and Equatorial Guinea minister of mines and hydrocarbons Gabriel Mbaga Obiang Lima.

São Tomé & Príncipe | Equatorial Guinea
Subscriber

South Africa’s latest debt downgrades add to the challenges facing the LNG-to-power procurement programme. The programme is technically difficult, with major questions about how to structure it, particularly given the government’s reluctance to accept a dollar element within the power tariff. The reduced capacity of gas set out in the 2019 Integrated Resource Plan had already made securing an affordable tariff difficult and increased cost of debt will exacerbate the issue. Meanwhile, Eskom’s weakness as an offtaker and the challenge of securing credit enhancement or guarantees for large projects make reform of the utility still more urgent.

South Africa
Subscriber

Turkey – the largest market for gas in the region with almost no maritime territory of its own under international law – is pushing ahead with its own East Mediterranean exploration programme in defiance of its neighbours. Intractable as this disagreement has become, it is matched by a separate commercial problem. These abundant resources have become too expensive to justify exploitation under current conditions. The countries and companies that currently hold title to the gas will not only have to deal with Ankara but must also find ways of producing it much more cheaply to find a market.

Subscriber

National Oil Company of Liberia (Nocal) has signed a multi-year well data management agreement with Core Laboratories Sales BV in an attempt to revive its offshore oil and gas exploration efforts. Speaking at the 1 August signing ceremony, Nocal chief executive Saifuah-Mai Gray said the agreement signalled a new era for the sector, which had been dormant for the past three years. “A key mandate of the Nocal Act involves the management of data which represents a major income stream for Nocal.

Liberia
Issue 403 - 07 November 2019

Morocco: Sound Energy signs gas sales MoU

Subscriber

Sound Energy has announced a memorandum of understanding (MoU) with Office National de l’Electricité et de l’Eau Potable (ONEE) for gas sales from the Tendrara concession in eastern Morocco. AIM-listed Sound put its eastern Morocco operations up for sale earlier this year after the first two wells of its 2018-19 eastern Morocco exploration campaign failed to achieve commercial gas flow rates.The MoU covers the first 0.5bcm/yr (about 48.4mcf/d) of production, with arrangements for production above this level to be negotiated in the final gas sales agreement (GSA).

Morocco
Subscriber

BP and Kosmos Energy have found more gas in an appraisal well on the Greater Tortue development area as Kosmos prepares to farm down part of its interest. Kosmos said the Greater Tortue Ahmeyim-1 (GTA-1) well, drilled on the eastern anticline within the development area, encountered approximately 30 metres of net gas pay in a high-quality Albian reservoir. The Greater Tortue Ahmeyim LNG project is on track to deliver first gas in H1 2022, and the well, which has been designed as a future producer, will be used to further optimise the development drilling plans for the BP-operated project, Kosmos said.

Subscriber

The International Finance Corporation (IFC) on 24 July announced a €300m ($337m) financing package for expansion of the Azito Energie gas power plant. The project, known as Azito IV, will add a 181MW gas turbine and 72MW steam turbine to operate in combined cycle, taking total installed capacity to 710MW, with an anticipated production of 2,170GWh/yr. The IFC said the additional power from Azito would displace less efficient and older thermal units in the market, substantially reducing costs and emissions, and contribute to meeting growing domestic and regional electricity demand.

Côte d'Ivoire
Free

APR Energy has supplied and installed two 20MW TM2500 turbines to add to capacity at the 154MW Malabo Turbo Gas plant on Bioko Island. The new turbines arrived in Equatorial Guinea in early August and are expected to commission by the end of September.

Equatorial Guinea
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Anadarko Petroleum Corporation and its partners announced a final investment decision (FID) on 18 June for the Area 1 Mozambique LNG project. The project will be Mozambique’s first onshore liquefied natural gas development, initially consisting of two LNG trains with total nameplate capacity of 12.88m t/yr processing gas from the Golfinho/Atum fields in Offshore Area 1. The project has secured 11.1m t/yr of long-term LNG sales to clients in Asia and Europe, representing 86% of the plant’s nameplate capacity, and will also have a significant domestic gas component.

Mozambique
Subscriber

Invictus Energy has signed a preliminary agreement for gas supply from its Cabora Bassa project in Muzarabani, as it seeks an upstream partner to establish whether commercial quantities of gas can be produced from the licence. Invictus announced on 19 December it had entered into a non-binding memorandum of understanding (MoU) with IPP developer Tatanga Energy to progress gas supply for a 500MW gas-to-power plant in the event of a commercial gas discovery from its SG 4571 licence.

Zimbabwe
Subscriber

Oil minister Irene Muloni has said she expects the government to intervene to resolve a tax dispute that has prevented Tullow Oil selling part of its stakes in three Lake Albert licences. Speaking at a thinly attended London roadshow to promote Uganda’s second licensing round, she said it had not been possible to resolve the issue before the sale and purchase agreement (SPA) expired in late August. Total announced the expiry of the SPA on 29 August, saying the parties had been unable to reach agreement on the tax terms.

Uganda