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The purchase of BG Group by Royal Dutch Shell confirmed predictionsthat the falling oil price would trigger a spate of mergers and acquisitions (M&A) activity in the upstream industry. It points to a need for even the biggest players to build scale in developing their natural gas trade; for Shell, BG’s assets in Australia and the Atlantic Basin (Brazil) will help to secure a dominant position in Asian and other key markets for liquefied natural gas (LNG).

Subscriber

Anadarko Petroleum Corporation has finalised two agreements with the government which will allow it to design, build and operate the marine facilities for its liquefied natural gas (LNG) project in northern Mozambique. This follows the publication of government decrees approving the agreements, known as the “marine concessions”.Anadarko is developing Mozambique’s first onshore LNG plant, consisting of two initial LNG trains with a total capacity of 12m t/yr to support the Golfinho/Atum field located entirely within Offshore Area 1.

Mozambique
Subscriber

Eni on 26 April announced the start-up of the second production unit at the Zohr gas project, which will double installed capacity to 800mcf/d. Eni said the production ramp-up was planned to continue to reach 1.2bcf/d in May 2018, 2bcf/d by end-2018 and the production plateau of 2.7bcf/d in 2019. Zohr was discovered in August 2015 in the Shorouk Block in the Mediterranean Sea and started production in December 2017.

Egypt
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The US Export-Import Bank said on 22 August its board planned to vote on a $5bn loan for the Area 1 Mozambique LNG project. A statement said it had notified Congress of the transaction, which would be voted on after a 35-day congressional notification period. If approved, the transaction would support US exports of goods and services for the engineering, procurement and construction of the onshore LNG plant and related facilities. “These US exports are facing direct competition from financing offered by foreign export credit agencies,” the statement said.

Mozambique
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PetroSA has brought in Rosgeo as a partner in a fresh bid to develop blocks 9 and 11a to maintain gas supply to the Mossel Bay refinery following the failure of Project Ikhwezi.PetroSA said the Russian state-owned company would invest $400m to acquire more than 4,000km2 of 3D seismic and over 13,000km of aero gravity/magnetic data, and drill exploration wells on the two blocks off South Africa’s southern coast. “The project envisages extraction of up to 4mcm of gas daily.

South Africa
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Kosmos Energy signed a 20-year sale and purchase agreement (SPA) on 11 February with BP Gas Marketing for the entire 2.45m t/yr of LNG to be produced from Phase 1 of the Greater Tortue Ahmeyim project. BP operates the project, which reached a final investment decision in December 2018, with Kosmos, Petrosen and Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM). The partnership is evaluating potential expansion up to 10m t/yr in subsequent phases.

Senegal
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National oil company Office National des Hydrocarbures (Onhym) has issued a tender inviting international companies to partner it in finding and developing onshore gas reserves in the Rharb Centre permit, previously licensed to Gulfsands Petroleum. The area has produced gas over many years since Société Chérifienne des Pétroles made its first find in 1949, and benefits from established infrastructure piping gas from several Rharb Basin fields to Kenitra.

Morocco
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Missouri American Energy (MEA), part of US-based Onwa Group, has signed a memorandum of understanding with the government for a 250MW gas power plant in Rivers State, Onwa Group chief executive Henry Iwenofu has confirmed to African Energy. MEA will be the lead developer of the project and expects to negotiate a gas supply agreement with Shell. Iwenofu said the company was in discussions with partners to bring the project forward. Onwa Group is a management consulting firm established in 2012 with offices in St Louis, Missouri and Abuja.

Nigeria
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The row over South African construction company Group Five’s disastrous contract with Cenpower Generation Company Ltd to build the 340MW Kpone combined-cycle gas power plant in Tema has escalated after Cenpower attempted to terminate it. Cenpower issued written notification of the termination on 30 November following numerous delays. However, Group Five said the notice of termination was wrongful as it claimed recent delays were the result of the contamination of fuel supplied by Cenpower.

Ghana
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US independent Noble Energy and Israel’s Delek Drilling, partners in Israel’s Leviathan and Tamar gas fields, have teamed up with Egypt’s East Gas Company to buy a 39% stake in the Eastern Mediterranean Gas Company (EMGC) for $518m.EMGC operates a 90km pipeline connecting the Israeli pipeline network from Ashkelon to the Egyptian pipeline network near El Arish. In February, Noble signed an export deal with Egypt’s Dolphinus Holdings to supply gas from the two offshore fields into the Egyptian market over ten years.

Egypt
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Anadarko Petroleum has said an attack on 21 February in which a contractor was killed did not target its gas project and it would carry on preparing for a final investment decision (FID). “The evidence to date indicates both the convoy and a car belonging to a contractor encountered an existing event, which did not directly target our contract personnel, nor the LNG project, nor airstrip,” Anadarko said in a statement on 5 March. “The Mozambique government recognises security in the region requires additional attention and action.

Mozambique
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Sound Energy has finalised agreements to acquire the assets of Morocco’s Oil & Gas Investment Fund (OGIF) in eastern Morocco, and has started drilling the TE-8 appraisal well. OGIF will receive 272m shares, or 28.8% of Sound’s enlarged share capital. The deal gives Sound an additional 20% in the Tendrara Block, the right to increase its Meridja stake to 75% and the right to acquire 75% in relinquished areas of Tendrara.

Morocco
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The 550mcf/d Höegh Gallant floating storage and regasification unit (FSRU) has been installed by Norway’s Höegh at Ain Sokhna, on the Red Sea, and a first delivery of liquefied natural gas (LNG) has arrived from Qatar. The Höegh Gallant has been leased to Egyptian Natural Gas Holding Company (Egas) for a five-year period. Höegh LNG formally signed a five-year contract with Egas for the vessel at the beginning of November. Egas plans to install a second FSRU at Ain Sokhna later this year, but details have yet to be revealed.

Egypt
Issue 382 - 06 December 2018

Nigeria: Shell to supply gas to Aba

Subscriber

Shell Petroleum Development Company of Nigeria on 30 November signed a gas supply and aggregation agreement for the 140MW Aba power project in Abia State, Nigeria. The project has been under development for some time by Geometric Power Aba Ltd, whose chief executive is former energy minister Barth Nnaji.

Nigeria
Subscriber

Angola has announced a licensing round offering nine blocks in the Namibe Basin and Block 10 in the Benguela Basin. The National Agency of Petroleum, Gas and Biofuels (ANPG) will hold a series of roadshows in Houston, London and Dubai in September before the bidding process opens on 2 October.“Our message to the global oil industry is simple: Angola is open for business.

Angola