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Issue 353 - 15 September 2017

Nigeria: Shoreline teams up with Shell

Subscriber

Shoreline Energy Limited has signed up Shell Petroleum Development Company of Nigeria Ltd as a partner in an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in the Victoria Island, Ikoyi, Lekki and Epe areas of Lagos.

Nigeria
Issue 338 - 19 January 2017

Egypt: New licence agreements signed

Subscriber

Egyptian Natural Gas Holding Company (Egas) has signed concession agreements for blocks awarded last year from its 2015 international bid round. Italy’s Eni will operate the North El Hammad Block in the Nile Delta with a 37.5% stake, alongside BP with 37.5% and Total with 25%. The block covers an area of 1,927km2 to the west of the Abu Madi West and Baltim/Baltim South development areas, where Eni recently made the Nooros and Baltim South West discoveries .BP will operate the North Ras El Esh Block with 50%, while Eni holds the other 50%. The block, which covers an area of 1,389km2, is located north of Damietta and southwest of the Temsah and Port Fouad development areas.

Egypt
Subscriber

The Ukraine crisis has, once more, thrown the European Union’s dependency on Russian gas into question – creating a political context in which, a senior EU official says, “we have no options but Algeria” to secure steady supply. Major international oil companies (IOCs) see the development of conventional gas fields and Algerian shales – which are recognised as some of the most promising outside North America – as a key to supplying European and wider markets over coming decades.

Algeria
Subscriber

Kosmos Energy has announced another gas discovery with the Teranga-1 exploration well in Senegal’s Cayar Offshore Profond Block. The well was drilled to a total depth of 4,485 metres in nearly 1,800 metres of water and encountered 31 metres of gas pay in the Lower Cenomanian objective. “Well results confirm that a prolific inboard gas fairway extends approximately 200km from the Marsouin-1 well in Mauritania through the Greater Tortue area on the maritime boundary to the Teranga-1 well in Senegal,” Kosmos said.

Mauritania | Senegal
Issue 353 - 15 September 2017

Morocco: Sound funding

Subscriber

Sound Energy has received a proposal from Advisory & Finance Group Investment Bank (AFG), which is fund manager to Sound’s Morocco partner OGIF, to fund a pipeline linking Tendrara to the Gazoduc Maghreb Europe (GME) pipeline. The indicative, non-binding commercial proposal is for the provision of funding to cover the construction cost of the Tendrara Gas Export Pipeline (TGEP) of between $60m (the estimated cost of a 12-inch pipeline) and $100m (for a 20-inch pipeline).

Morocco
Issue 293 - 29 January 2015

Ghana: Eni sanctions Sankofa project

Subscriber

Operator Eni has given the go-ahead for a project to develop the Sankofa, Sankofa East and Gye Name fields on the Offshore Cape Three Points (OCTP) Block. Eni, Vitol and Ghana National Petroleum Corporation signed an agreement on 27 January with President John Dramani Mahama and petroleum minister Emmanuel Armah-Kofi Buah to proceed with the OCTP integrated oil and gas project. First oil is expected in 2017, first gas in 2018 and the peak production will reach 80,000 boe/d in 2019, Eni said. A preliminary agreement was announced in December after more than a year of negotiations.

Ghana
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Private equity firm Denham Capital’s Africa-focused independent power company Endeavor Energy has signed a joint development agreement with GE and France’s Finagestion to develop the Ghana 1000 Project gas-to-power initiative to deliver more than 10GW to the grid. The first phase of the project, which will include the construction of a floating storage and regasification unit for the importation of liquefied natural gas (LNG), will produce 360MW in simple cycle mode by early 2017, according to a joint statement from the companies. When fully complete in early 2018, it will generate more than 540MW in combined cycle mode.

Ghana
Subscriber

With private equity (PE) and other funds lining up to buy into the African electricity supply industry, ownership of UK developer Globeleq Africa is passing to Norfund and UK development finance institution (DFI) CDC. The deal includes a cash payment of about $225m to current owner UK PE investor Actis Infrastructure 2 Fund. By giving CDC a 70% stake and Norfund 30%, the DFIs will take direct control of Globeleq, pending government and other third party consents.

Subscriber

Helios Investments’ Tema LNG Terminal Company Limited signed an agreement with China Harbour Engineering Company (CHEC) on 2 September for the construction of a $350m liquefied natural gas (LNG) import terminal in Tema. CHEC, which is involved in the current Tema port expansion project, is constructing the marine facilities, while China’s Jiangnan Shipyard will construct the floating storage and regasification unit (FSRU). The CHEC deal follows a 12-year gas supply agreement signed by Ghana National Petroleum Corporation and Rosneft in May for supply of 1.7m t/yr.

Ghana
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

Australian mining company Magnis Resources announced on 16 May that it has signed a power development agreement with the US’ Symbion Power to provide a 30MW gas power plant, substation and 132kV transmission line for the Nachu graphite project. Symbion will be responsible for funding, developing and building the electrical infrastructure. Tanzania Electric Supply Company (Tanesco) has given its approval in principle for the deal to proceed. Magnis will now complete an environmental impact assessment and technical and economic feasibility studies.

Tanzania
Issue 292 - 16 January 2015

Cameroon: Floating LNG Scheme

Subscriber

London-based Golar LNG has signed a preliminary heads of agreement with Société Nationale des Hydrocarbures (SNH) and Perenco Cameroon for the development of a floating liquefied natural gas (LNG) export project located 20km off the southern coast. The agreement is premised on the allocation of 500bcf of natural gas reserves from Perenco’s offshore Kribi fields, which will be exported to global markets via the Golar Hilli vessel, now under construction at the Keppel shipyard in Singapore. Golar will provide the liquefaction facilities and services under a tolling agreement to SNH and Perenco as owners of the upstream joint venture.

Cameroon
Subscriber

The Oredo Integrated Gas Handling Facility is due to be formally commissioned by President Muhammadu Buhari on 31 October. The plant, built by Nigerian Petroleum Development Company (NPDC) in Ologbo, Ikpoba-Okha local government area of Edo State, will supply LPG to the domestic market, significantly reducing imports.

Nigeria
Subscriber

Sahara to develop LPG storage Sahara Energy Logistics has signed a joint-venture agreement with Petroci for the construction of a 12,000 tonne LPG storage facility. Sahara said the $43m project would be executed in two phases, with commissioning scheduled for November 2021 and October 2022 respectively.

Côte d'Ivoire
Issue 423 - 24 September 2020

New gas investments face big challenges

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Competition is believed to be intense as bidding closes to take over Sasol’s 50% stake in the Rompco pipeline, which runs 865km from the Temane gas field in Mozambique to Sasol’s Secunda complex in Mpumalanga.