0
 

Search results

Selected filters:

General

Type

Sector

Regions

Sort options

1,062 results found for your search

Subscriber

Wentworth Resources is to take over as operator of the Rovuma Onshore concession and carry out appraisal of the Tembo-1 gas discovery. The company said it had applied to the Ministry of Energy and Minerals for approval of a proposed appraisal programme for Tembo-1, and to increase its holding in Rovuma Onshore from 11.59% to 85%.Current operator Anadarko, Maurel & Prom and Thailand’s PTT Exploration and Production have all notified the National Petroleum Institute (INP) of the relinquishment of their interests in the block with effect from 31 August 2015.

Mozambique
Subscriber

Advances in plans to boost output from the country’s two largest oil and gas fields, together with indications of important changes to exploration licensing, suggest that Algeria may finally be shifting to a more realistic approach to oil and gas sector development. But the direction of policy remains difficult to read, not least because the ailing President Abdelaziz Bouteflika has not been seen in public for two years, meaning there is great doubt about the authority behind strategic decision-making over national resources.

Algeria
Issue 401 - 11 October 2019

Israeli gas to reach Egypt by 2020

Subscriber

On 2 October, Noble Energy, Delek Drilling and their partners in the offshore Leviathan and Tamar fields announced that they had restructured the quantities of gas they are committed to sell to Egypt’s Dolphinus Holdings, an entity run by a trio of business people that will be an intermediary rather than the final consumer of the energy. Over a 15-year period from January 2020 to December 2034, the partners will export a total of 3tcf (85bcm) of natural gas via the Ashkelon to El-Arish pipeline, which was originally built to take Egyptian gas in the other direction.

Egypt
Subscriber

Anadarko and its partners have given a consortium of Saipem, McDermott International and Chiyoda Corporation an engineering, procurement and construction contract for the Area 1 onshore liquefied natural gas project in northern Mozambique.Saipem said it would lead the CCS joint venture project, and its share of the contract would be worth $6bn.

Mozambique
Subscriber

ContourGlobal has signed a 20-year power purchase agreement with Senelec for a new plant at the Cap des Biches site in Dakar. The agreement was signed at the Senegalese embassy in Washington on the eve of the US-Africa summit. ContourGlobal will invest €85m ($113m) to rehabilitate the site and build, own and operate a 53MW thermal plant running on heavy fuel oil and natural gas. According to the company, when completed in 2015, it will be the lowest cost liquid fuel and natural gas-fired power plant in Senegal.

Senegal
Issue 415 - 15 May 2020

Equatorial Guinea: Gas contracts

Subscriber

The Ministry of Mines and Hydrocarbons and Noble Energy and Marathon Oil’s Atlantic Methanol Production Company have given US company Nexant a contract to carry out a feasibility study for the construction of a formaldehyde production plant in Punta Europa. The ministry, which has been touting plans to develop a regional gas supply hub, also said on 13 May it had given UK consultancy Gas Strategies a contract for the development of a gas master plan. Equatorial Guinea needs to find new markets for its gas to replace sales into the US from the EGLNG plant as contracts expire.

Equatorial Guinea
Free

Sonatrach director-general Abdelmoumen Ould Kaddour regularly tours the hydrocarbons giant’s sprawling empire, rallying workers and telling journalists about Algeria’s return to producing oil and gas on a global scale, after years of corruption scandals and management inertia. On his 8 February visit to Hassi R’Mel, he announced that Sonatrach would invest $56bn in 2018-22. In an interview, he referred to discussions with Total on an unspecified $5bn project. After a long period of tensions with the French major, this is likely to be a major new petrochemicals project, giving further substance to claims Algeria is back as a force in the industry.

Algeria
Subscriber

The government has included anti-bribery provisions in four out of six petroleum agreements (PAs) currently before parliament for approval. “We are encouraged that PAs for the first time in Ghana’s history contain provisions that shun corruption especially through bribery or any inducement of public officials, politicians and political parties,” the Africa Centre for Energy Policy (Acep) think tank said in a statement. A new clause requires companies to certify compliance with the US Foreign Corrupt Practices Act, the UK Bribery Act, and the anti-bribery convention of the Organisation for Economic Co-operation and Development.

Ghana
Subscriber

Development of Ghana’s power sector after independence was based on the Akosombo dam on the Volta River, supplying Volta Aluminium Corporation (Valco) with cheap power to smelt the local bauxite into aluminium ingots. The Kpong dam added 160MW to generation capacity in 1982, but the period of sufficient power did not last. Ghana began to experience power shortages in the 1980s, when water levels in the dams dropped due to drought, forcing Valco to suspend its operations, and power shortages soon became a regular feature.

Ghana
Subscriber

Eni has announced a gas discovery with the first exploration well on the North El Hammad licence in the Nile Delta, extending the prolific Great Nooros area to the west. The Bashrush discovery is located in 22 metres of water, 11km from the coast, 12km north-west of the Nooros field and about 1km west of the Baltim South West field, both of which are in production.

Egypt
Issue 357 - 09 November 2017

Namibia: Kudu set for FID

Subscriber

A final investment decision (FID) on development of the Kudu gas project is expected late this year or in Q1 2018, with the start of commercial operations targeted for end-2021. Namcor managing director Immanuel Mulunga told Africa Upstream the partners were expecting financial close in mid-2018. He told reporters Namcor planned to farm down some of its 44% stake in the upstream element of the project and was considering various debt and equity options.

Namibia
Subscriber

Tanzania Electric Supply Company (Tanesco) is working with General Electric (GE) to find a way forward for the troubled 185MW expansion of the Kinyerezi I gas power plant. Delays became apparent last year when engineering, procurement and construction (EPC) contractor Jacobsen Elektro told African Energy that only two of the four turbines were on site and a six-to-eight-month delay was expected.

Tanzania
Issue 344 - 21 April 2017

Libya: New discovery for Eni

Subscriber

Eni has made a new gas and condensate discovery in the Gamma prospect in the Tripoli-Sabratah Basin. The discovery in Contract Area D, 140km offshore from Tripoli, was made with the B1 16/3 well at a site 15km south-west of the Bouri field and 5km north of the Bahr Essalam field. The drilling of the Gamma prospect is part of Eni’s near field exploration strategy, targeting opportunities close to existing infrastructure, reducing the time to market and providing additional gas for the local market and for export, the company said.

Libya
Issue 295 - 27 February 2015

Seplat drops Afren bid plan

Subscriber

Seplat has abandoned plans to make a bid for Afren after the beleaguered company turned down its request for a further extension to the deadline to make a formal offer. “The board has not received any proposal from Seplat that it believes is capable of being implemented on terms satisfactory to all relevant stakeholders in the company, including the indicated value being significantly below the aggregate value of the debt of the company,” Afren said in a 13 February statement.

Subscriber

The government has promised to pay $1.5bn of the $6bn it says it owes oil firms in an effort to revive investor confidence and boost investment in the energy sector. “There is approval to pay $1.5bn,” interim prime minister Hazem El-Beblawi told a business conference in Cairo on 4 December aimed at attracting investment from Gulf states. While oil companies remain undeterred by Egypt’s political upheavals, stressing that both onshore and offshore operations are unaffected, they are suffering a growing financial burden from unpaid arrears owed to them by Egyptian General Petroleum Corporation and its subsidiaries.

Egypt