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Loading of the first liquefied natural gas (LNG) cargo from Eni’s 3.4m t/yr Coral Sul floating liquefied natural gas (FLNG) plant is due to take place on 14 November, an industry source told African Energy.

Mozambique
Subscriber

BP has signed a memorandum of understanding (MoU) with the Mauritanian government to explore the potential for large-scale production of green hydrogen (GH2), with BP to evaluate the technical and commercial feasibility of projects in the country. The deal was signed at the United Nations climate conference (COP27) in Sharm El Sheikh.

Mauritania
Subscriber

ExxonMobil announced on 7 November a discovery at the Bavuca South-1 exploration well in Block 15. The well, 65km northwest off the coast, encountered 30 meters of high-quality, hydrocarbon-bearing sandstone.

Angola
Issue 472 - 08 November 2022

Eni plans Morocco offshore well in 2023

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Eni is planning to drill a well on its Tarfaya Offshore Shallow exploration block in H1 2023. Tarfaya is Eni’s only Moroccan acreage, comprising a dozen licences in water depths of up to 1,000m between Agadir and the disputed territory of Western Sahara.

Morocco
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Project bulletin

Aksa Energy has renewed its power purchase agreement for the 370MW plant with the Electricity Company of Ghana (ECG) for a further 15 years.  Conversion from dual fuel to natural gas has begun and will continue at a brisk pace says chief executive Cemil Kazancı.

Ghana
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Criticism of the proposed acquisition of London Stock Exchange (LSE)-listed Capricorn Energy by Tel Aviv Stock Exchange (Tase)-listed NewMed Energy has quickly gained momentum. As of 3 November, over one-third of Capricorn equity holders had publicly opposed the deal. The tie-up requires a majority of shareholders to vote in its favour at a general meeting.

Egypt
Issue 472 - 06 November 2022

PGS wins Namibia offshore 3D contract

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Norway’s PGS (formerly Petroleum Geo-Services) has said  that it has won a 3D exploration contract in Namibia for “a major energy company”. PGS did not respond to African Energy’s request for comment on the client.

Namibia
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Glencore received the ‘highest ever fines and costs ordered in a British corporate criminal conviction’, the UK’s Serious Fraud Office said after a London court found the resources giant guilty of graft – in Cameroon, Côte d’Ivoire and Nigeria – and of ‘failures to prevent bribery’ in Equatorial Guinea and South Sudan in 2011-14. Chastened once more after its practises were reported in eye-watering legal detail, Glencore has embarked on “an extensive programme of corporate reform”.

Cameroon | South Sudan | Nigeria | Equatorial Guinea | Côte d'Ivoire
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More than $20bn worth of merger and acquisition deals have been finalised so far this year, with buyers increasingly looking to target producing assets to capitalise on high energy prices, writes James Gavin.

Subscriber

The Niger-Benin Export Pipeline (NBEP), which will transport oil 1,982km from the Agadem Rift Basin (ARB) in Niger to Benin’s Atlantic oil terminal in Sèmè-Kraké port, may serve to revive Beninois crude production.  

Benin
Free

London AIM-listed Savannah Energy has told African Energy that it hopes to start production from its Amdigh-1 well in the Agadem Rift Basin (ARB) in 2023.

Niger
Subscriber

After a nine-year struggle, including a UK Serious Fraud Office investigation, the backers of Coastline Exploration have secured the chance to open up one of the world’s last unexplored oil frontiers, where above-ground challenges could still be more difficult than the subsea drilling, writes John Hamilton.

Somalia
Subscriber

What will be Africa’s longest oil pipeline is now 30% complete and forecast to increase landlocked Niger’s oil exports tenfold in a ‘transformative’ Chinese-owned project that forms part of Beijing’s long-term play in the region. Other actors are looking to ramp up production using the infrastructure, with Niger – on the frontline of battle against jihadism in the Sahel – also being courted by the West.

Benin | Niger
Subscriber

Fuel smuggling is allegedly being carried out in the port of Benghazi in broad daylight, even as petrol stations in the city and elsewhere across the country run dry, showing how Libya’s hugely expensive fuel subsidy regime is malfunctioning. A recent auditor’s report has set out the costs of the wasteful system and pointed to billions of dollars of oil revenue that remain unaccounted for. John Hamilton investigates.

Libya
Subscriber

Private equity fund Carlyle Group is looking to exit its Gabon-focused oil and gas company Assala Energy, five years after it picked up ther asset from Shell for $628m.

Gabon