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Issue 200 - 17 December 2010

Vitol to market Jubilee crude

Subscriber

Vitol SA has been awarded the contract to be the exclusive marketer of Tullow Oil’s share of production from the Jubilee field

Ghana
Subscriber

Despite concerns over a possible change of administration in April 2011, and controversy over the impending Petroleum Industry Bill, which promises a radical shake-up of the energy sector, international oil companies continue to seek investment in Nigeria’s oil and gas sector

Nigeria
Issue 200 - 17 December 2010

New field for Shell

Subscriber

President Ali Bongo Ondimba has inaugurated a new field in southern Gabon for Royal Dutch Shell which will increase the country’s production by 10%

Gabon
Subscriber

The government has reintroduced controls on retail fuel prices, 16 years after liberalising the market. Energy minister Kiraitu Murungi said the decision was reached after the government lost confidence in the ability of oil marketers to regulate pump prices independently and fairly.

Kenya
Subscriber

State energy giant Sonatrach has established a powerful ethics committee to enforce a new code of conduct which was published in English and French on its website on 25 November

Algeria
Issue 199 - 03 December 2010

El Merk on track for end-2011 start-up

Free

Anadarko Petroleum Corporation’s El Merk project continues to aim for first production around the end of 2011

Algeria
Issue 199 - 03 December 2010

Oil-backed loan nears closure

Subscriber

As Ghana prepares for first oil from the Jubilee field, the syndication of a $500m pre-export loan for Ghana National Petroleum Corporation (GNPC) is on track to close in the weeks ahead, according to political risk insurance (PRI) market sources close to the deal.

Ghana
Subscriber

The battle to supply half of Namibia’s liquid fuel supplies has descended into a legal brawl, with Glencore planning to sue the government and Namcor’s chief executive suspended, writes Our Windhoek Correspondent.

Namibia
Issue 199 - 03 December 2010

Bowleven raises more funds

Subscriber

Edinburgh-based Bowleven has raised $113m through a placing of 22m new shares at £3.27/share to finance a stepped-up exploration programme in the Douala Basin

Cameroon
Subscriber

Egypt Hydrocarbon Corporation (EHC), an affiliate of the local Carbon Holdings, has announced that it has concluded financing worth $298m and begun work on a world-scale chemical complex in the Suez region

Egypt
Subscriber

Morocco is quietly hoping that drilling next year will prove up significant amounts of gas offshore and reduce its dependence on costly imports, writes Nadine Marroushi in Marrakech

Morocco
Issue 199 - 03 December 2010

Technip wins Algiers refinery refurb

Subscriber

Despite political problems that have held up the granting of contracts within Algeria, Sonatrach has finally signed the contract for the refurbishment of Algiers refinery with France’s Technip

Algeria
Issue 199 - 03 December 2010

Nigeria: Panoro Energy sells Ajapa stake

Subscriber

Panoro Energy, formed in June by the merger of Pan Petroleum and the Brazilian assets of Norse Energy, has completed the sale of its 40% stake in the Ajapa marginal field in OML 90 for $30m

Nigeria | Congo Brazzaville
Issue 199 - 03 December 2010

Majors absent from STP’s EEZ round

Subscriber

Six companies have bid for the seven blocks offered in the licensing round for São Tomé e Príncipe’s Exclusive Economic Zone

São Tomé & Príncipe
Issue 199 - 03 December 2010

Nock ventures into exploration

Subscriber

National Oil Corporation of Kenya (Nock) is making its first foray into exploration after receiving a production-sharing contract (PSC) for Block 14T in south western Kenya

Kenya