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Issue 198 - 19 November 2010

New UK ministers focus on North Africa

Subscriber

London has enjoyed close security co-operation with Algiers and Tripoli for some time, but the relationship is now more overt and ministerial attention more focused. In mid-November, minister for the Middle East and North Africa Alastair Burt – who civil servants say is genuinely enthusiastic about understanding North Africa – addressed a conference at the Royal Institute of International Affairs (Chatham House) on Europe’s relationship with North Africa.

Issue 198 - 19 November 2010

Algeria: Algesco opens service centre

Free

The Algesco joint venture of GE Oil & Gas with state companies Sonatrach and Sonelgaz has opened a new service centre at Boufarik, 35km from Algiers

Algeria
Free

Houston-based Hyperdynamics Corporation has raised $30m through a private placement with US investment management firm BlackRock.

Guinea
Subscriber

With first production expected from Ghana's major new oil field by the end of this month, a spate of recent farm-ins has quickened the pace of exploration off the west coast, where companies are lining up rigs in the hope of finding the next Jubilee field, writes Thalia Griffiths in Cape Town

Ghana
Subscriber

Energy ministers from the Democratic Republic of Congo, Uganda and Kenya have established a company to develop a pipeline to run from Lake Edward on the DRC-Uganda border to Kampala, via the Ugandan town of Hoima, close to Lake Albert, then to Eldoret on the Kenyan border, and on to Nairobi and Mombasa

Kenya | DR Congo | Uganda
Issue 198 - 19 November 2010

Pipeline, refinery in construction

Subscriber

China National Petroleum Corporation (CNPC) is due to start production by end-2011 from the Agadem field in eastern Niger. Ousseini Boureima of the Mines and Energy Ministry told Global Pacific & Partners' Africa Upstream conference

Niger
Issue 198 - 19 November 2010

Cooper Energy takes third Tunisian block

Subscriber

Australia’s Cooper Energy has acquired 85% of the Nabeul permit in the Gulf of Hammamet from Capricorn Oil and Gas, a 100% subsidiary of Cairn Energy.

Tunisia
Issue 198 - 19 November 2010

Apache completes BP acquisition

Subscriber

Houston-based Apache Corporation has completed the acquisition of BP’s oil and gas operations, acreage and infrastructure in Egypt’s Western Desert.

Egypt
Issue 198 - 19 November 2010

Touchstone: New company

Free

Former Artumas Group executives Ian Horswill and Jerry Brix have reappeared as president and chief operating officer respectively of a new company.

Tanzania
Issue 198 - 19 November 2010

NOC loses out in gas pricing debate

Subscriber

The decision to agree a domestic gas price linked to the Zeebrugge hub spot price, reported by African Energy in late October, appears to be a setback for National Oil Corporation chairman Shukri Ghanem (AE 196/19). According to one well-informed industry analyst who has been following the negotiations, the formula for setting the price which will be paid to gas-producing

Libya
Issue 198 - 19 November 2010

BP sells to Trafigura’s Puma

Subscriber

In the latest phase of southern African downstream reorganisation, BP has agreed to sell its fuels marketing businesses in Namibia, Botswana and Zambia to Trafigura subsidiary Puma Energy, as well as its 50% interest in BP Malawi and BP Tanzania

Botswana | Namibia | Malawi | Zambia | Tanzania
Issue 198 - 19 November 2010

WHL looks for 'company changing' deal

Subscriber

Australia's WHL Energy has announced a "company changing" deal to enter a large area of Seychelles offshore. WHL listed on the Australian Securities Exchange as Wind Hydrocarbon Ltd in September 2007 with the aim of commercialising a renewable energy technology based on wind turbines with hydrogen back-up to increase reliability. It has a wind energy project in Scotland and some small energy assets in Kentucky and Texas.

Seychelles
Issue 198 - 19 November 2010

VOG fundraises as Logbaba delayed

Subscriber

Victoria Oil & Gas has raised £10.8m ($17m) before expenses by way of an equity placing and draw down under its standby equity distribution agreement.

Cameroon
Issue 198 - 19 November 2010

PA Resourcs: Proposal to delist from Oslo

Free

Sweden’s PA Resources will hold an extraordinary general meeting on 23 November to decide on the board’s proposal to delist from the Oslo Stock Exchange.

Subscriber

Fuel storage company Gestoci has signed a preliminary agreement worth up to $400m with two Saudi companies for projects to double its capacity

Côte d'Ivoire