Search results

Selected filters:

General

Type

Sector

Regions

Sort options

3,708 results found for your search

Subscriber

Nigerien oil production could increase fivefold as a result of the Niger-Benin Export Pipeline, which is expected soon to ship its first cargo from the Sèmè-Kraké terminal. With traders competing to land marketing rights for Niamey’s share of up to 90,000 b/d of crude supply, the revenues will significantly aid the military regime, whose hold on the government has consolidated as General Abdourahamane Tiani’s junta has sought to cement ties with China and others.

Benin | Niger
Subscriber

The United Arab Emirates has stepped in to finance Ugandan President Yoweri Museveni’s long-desired oil refinery, as the UAE ramps up its sub-Saharan business activity. Junior foreign minister Sheikh Shakhbut Bin Nahyan Al-Nahyan has been making yet more visits around the continent, also taking in Democratic Republic of Congo and Angola’s Cabinda enclave in January.

DR Congo | Angola | Uganda
Subscriber

Italian major Eni has completed its acquisition of assets from Norway’s Neptune Energy Group, in a transaction that brings with it natural gas assets in Algeria, Egypt, Europe and the Far East.

Algeria
Issue 499 - 30 January 2024

Djibouti secures $90m for fuel imports

Subscriber

Financing from Saudi-based International Islamic Trade Finance Corporation is part of a $600m three-year deal signed in May 2023 and will pay for imports of petroleum products needed for electricity generation.

Djibouti
Subscriber

Ore feed has resumed at the Langer Heinrich uranium plant, with commercial production expected in near term after operator ASX-listed Paladin Energy raised $150m of new debt.

Namibia
Subscriber

Independents Afentra and Serinus emerged as the main overseas winners from Angola’s latest 12-block licensing round, after being named as preferred bidders for onshore blocks in the Lower Congo and Kwanza basins.

Angola
Subscriber

Toronto Stock Exchange-listed Africa Oil Corporation has received official approval to acquire a 6.25% interest in offshore Block 3B/4B from Eco, taking its total holding in the Orange Basin acreage to 26.25%. A drilling campaign is being planned for the area, where Africa Oil is looking to farm-out a share.

South Africa
Subscriber

Shell is selling Nigerian subsidiary SPDC, with the onshore and shallow-water operator going to a consortium of local companies allied to industry veteran Samuel Dossou-Aworet for a sum of up to $2.4bn the supermajor is helping to fund. While Shell is retaining some other valuable Nigerian assets, it adds to a trend of international majors exiting all but their big deep-water oil and gas plays, following recent deals by ExxonMobil, TotalEnergies and Eni. African Energy analyses several aspects of a complex deal.

Nigeria
Subscriber

Shell’s creation in 1907, as a rival to American behemoth Standard Oil, produced an Anglo-Dutch company looking for global reach. Its presence in Nigeria dates back to 1936, when Shell D’Arcy was established, which was followed by a joint venture with another major, BP’s precursor company.

Nigeria
Subscriber

While TotalEnergies and partner QatarEnergy have deepened their exposure to the highly prospective Venus play, Galp Energia has announced a light oil discovery its nearby Mopane-1X offshore exploration well – adding to the industry excitement around Namibia’s offshore prospects.

Namibia
Subscriber

International oil companies in Gabon have adopted a ‘business as usual’ approach since General Brice Clotaire Oligui Nguema’s coup last August, as expressed by Vaalco Energy’s chief executive George Maxwell in an interview with African Energy. But the government’s decision to step in and use the state-owned Gabon Oil Company to acquire Assala Energy – thus sidelining French independent Maurel & Prom which had planned to buy the business – points to a more activist approach from the recently-installed authorities in Libreville.

Gabon
Subscriber

With momentum building for the delayed Greater Tortue Ahmeyim LNG export project to start exports in mid-2024, supermajor BP has extended its relationship with services provider Petrofac on the GTA project.

Mauritania | Senegal
Subscriber

US independent Vaalco Energy is aiming to double oil production to over 50,000 b/d within three years, with its African operations playing a significant role in the uplift alongside a continuing M&A strategy, chief executive George Maxwell told African Energy.

Egypt | Gabon
Subscriber

The government’s latest Integrated Resource Plan, issued in early January, provided further details of South Africa’s plans for 7.2GW of new gas-to-power capacity to replace ageing coal-fired units. LNG is central to making that happen and a contract to develop an import terminal in Richards Bay has been awarded to the Netherlands’ Vopak.

South Africa
Subscriber

Lotus’ plan to resume uranium mining at the Kayelekera resource reflects surging spot prices and would provide a much-needed source of income and employment for Malawi, but the restart depends on new power deals with utility state Escom, as well as new finance and offtake agreements.

Malawi