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Subscriber

The offer by French independent Maurel & Prom (M&P) to acquire London AIM-listed Wentworth Resources for £61.7m ($75m) in cash is a further sign of the drive for consolidation among smaller exploration and production companies in Tanzania’s upstream sector.

Tanzania
Subscriber

Canadian miner Aya Gold & Silver has announced a MD67m ($6.4m) deal to acquire state resources agency Office National des Hydrocarbures et des Mines (Onhym)’s 15% interest in the Zgounder silver project and five permits adjacent to the mine.

Morocco
Subscriber

Atlantic Lithium has awarded Australian Securities Exchange (ASX)-listed Primero a $1m front-end engineering design (FEED) contract for the processing plant at its Ewoyaa lithium project. Atlantic is expected to announce the project's updated mineral resource estimate in Q1 2023.

Subscriber
Project bulletin

French developer Total Eren and AIM-listed Chariot are partnering to develop a 30MWp solar plant to supply the Karo platinum mine in Zimbabwe’s Great Dyke.

Zimbabwe
Subscriber
Data trend

By 2027, almost 30% of Africa’s electricity will be generated using natural gas, a figure that rises to 45% if dual-fuel plants are included. Despite questions from some quarters over its applicability as a ‘transition fuel’, African Energy Live Data expects 18.3GW generated from natural gas to come online by 2027. However, the project pipeline to 2027 also shows that the share of the continental energy mix taken up by gas is declining in favour of a bigger role for renewables.

Subscriber

Israel’s NewMed Energy and Moroccan privately-held Adarco Energy have signed a deal with the state Office National des Hydrocarbures et des Mines (Onhym) to carry out oil and gas exploration in the offshore Boujdour Atlantique licence area, in waters that form part of the disputed Western Sahara.

Morocco | Western Sahara (under UN mandate)
Subscriber

A failed coup attempt on 25 November has raised fresh questions about São Tomé e Príncipe’s (STP’s) political stability, just ten days after the new centre-right Acção Democrática Independente (ADI – Independent Democratic Action) party government led by Prime Minister Patrice Trovoada was sworn in.

São Tomé & Príncipe
Subscriber

Hull-based HiiROC expects to install a number of thermal plasma electrolysis units at gas flaring sites in Egypt in 2023, after signing aN MOU with Egyptian Natural Gas Holding Company. The programme is part of a wider series of pilot projects that HiiROC hopes will demonstrate the commercial viability of producing what it calls ‘emerald hydrogen’, writes John Hamilton.

Egypt
Subscriber

Questions continue to be asked about security issues in Zimbabwe, in the wake of a recent training exercise by the Zimbabwe Defence Forces (ZDF) in Mashonaland Central province, an area which fans out north of Harare to the borders with Mozambique and Zambia.

Zimbabwe
Subscriber

Algeria’s upstream sector received a boost in early November, when Eni announced the start-up of the HDLE/HDLS oil field, in the Berkine North Basin’s Zemlet El Arbi concession – only six months after its discovery in March.

Algeria
Subscriber

President for four-plus decades, Teodoro Obiang is continuing in office for another term – with the prospect of his controversial son Teodorin taking over – but if that represents ‘stability’ there are still leaves plenty of challenges in the hydrocarbons in-tray, with oil production in decline and even historic partners having second thoughts, writes James Gavin.

Equatorial Guinea
Subscriber

Algeria’s ability to supply more gas has become a strategic priority since its close ally Russia invaded Ukraine. But while Algiers claims a recent series of supply deals and co-operation agreements points to its critical role in meeting surging demand  in Europe, some things are not changing as quickly at state company Sonatrach as the positive headlines suggest, write James Gavin and Jon Marks, with additional reporting by Our Algiers Correspondent and John Hamilton.

Algeria
Subscriber

Industry observers report that the flow of contracts coming from Sonatrach contract remains slow, compared with the national oil company’s publicly stated ambitions. However, a number of headline awards have been announced in recent months.

Algeria
Subscriber

Paris-based independent Perenco said on 28 November that it had discovered oil at the Tchnemi-01 well in the Tchibeli North East pre-salt Vandji exploration prospect, on the Perenco-operated PNGF Sud licence.

DR Congo
Subscriber

Australia’s Woodside Energy has confirmed the floating production, storage and offloading (FPSO) vessel destined for its 563m bbl offshore Sangomar oilfield development is complete, with first production expected in H2 2023.

Senegal