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KENYA: New Nock MD; WENTWORTH RESOURCES: Rick Schmitt named CEO

The publication of Algeria’s Energy Future brings data into the public domain that show how Sonatrach expects gas output to decline, adding to pressures to develop non-conventional reserves, as well as the underperforming non-hydrocarbons economy.

Shell, Total and Agip have sold their stake in the onshore OML 40 Block to Elcrest Exploration & Production Nigeria, a consortium of local company Starcrest Nigeria Energy (owned by Nigerian business mogul Emeka Offor’s Chrome Group) and the UK-based Eland Oil and Gas.

Ghana National Petroleum Corporation (GNPC) sold its first 995,259 barrels of crude from the Jubilee field on 9 March, earning around $110m, according to chief executive Nana Boakye Asafu-Adjaye. The oil was sent to the US market for delivery to Sunoco Inc subsidiary Sun International.

COTE D’IVOIRE: Vanco declares force majeure; GUINEA: Hyperdynamics secures drillship

Possible new Sonangol borrowing, longer lending tenors and the clearing up of foreign payment arrears are among the major Angolan themes preoccupying foreign financiers and insurers, writes Kevin Godier

BG Group has announced a third offshore gas discovery with the Chaza-1 well, in Block 1, 200km south of the earlier Pweza and Chewa discoveries (AE 203/12). The well was drilled in some 950 metres of water, 18km offshore southern Tanzania.

Shell Petroleum Development Company (SPDC) has signed a $101m contract for a pipeline system to gather associated gas that is now flared for use in the domestic gas market with Saipem Contracting Nigeria Ltd.

There was no change in the system of awarding term crude lifting contracts for Nigerian National Petroleum Corporation (NNPC)’s oil in the run-up to the April elections, with the usual raft of well-connected local traders joining government and international company lifters being appointed to trade some 1.51m b/d from 1 May 2011 in deals valued at some $32bn.

Tullow Oil has signed sale and purchase agreements to farm down one third each of its Uganda assets to Total and CNOOC, but still has to resolve the thorny question of tax payments (AE 205/14).

Ghana’s transformation into an oil producer has been an uneven, sometimes politicised process. But efforts to get legislation and new institutions in place, and to normalise relations with IOC partners, are creating a more sustainable environment for all stakeholders

Brazil’s HRT Participações em Petróleo SA has agreed to buy its local partner UNX Energy Corporation through a scheme of arrangement.

Brazil’s HRT Participações em Petróleo SA has agreed to buy its local partner UNX Energy Corporation through a scheme of arrangement.

Following expiry of the initial exploration phase extension, negotiations are taking place between the Joint Development Authority (JDA), which oversees the Nigeria/São Tomé Joint Development Zone, and companies holding stakes in blocks 2, 3 and 4. An initial six-month extension of exploration phase I in the three blocks expired on 14 March, and the contracting parties

The Angola Liquefied Natural Gas (ALNG) consortium is pushing ahead with development of the Soyo liquefaction plant – now estimated to cost “just over $9bn” – with target start-up set for February 2012, according to Sonangol Gas president Antonio