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The government has been forced to abandon ambitious targets as output grows more slowly than anticipated, while bureaucratic delays and shifting contract terms have put NOC under pressure, writes John Hamilton

Libya
Free

The great opportunities that tempted so many international players into Libya’s energy sector have not gone away.

Libya
Subscriber

NOC’s push to get international operators to do work and employ locally makes political sense to Tripoli, but localisation measures are adding to the pressure on foreign partners

Libya
Subscriber

National Oil Corporation (NOC)’s renegotiations of long-term production contracts over the past 18 months have been painful for its partners.

Libya
Issue 168 - 05 August 2009

The NOC conundrum for IOCs

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Libyans have always enjoyed an enviable reputation of being ruthless negotiators. “They could open a university of negotiation,” a hardened British deal-broker recently quipped to an African Energy journalist. But IOCs’ current grumbles about

Libya
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ALGERIA: Touat start-up in 2013; ANGOLA: Mafumeira Norte start-up; ANGOLA: Supply base for Block 31 development; CAMEROON: New energy minister named in cabinet shuffle; EGYPT: Dana brings Sondos field into production; GHANA: First Subsea mooring connectors for Jubilee FPSO; NAMIBIA: Brazilian farm-in approved; SEYCHELLES: Infoterra completes seeps survey

Ghana | Cameroon | Egypt | Angola | Namibia | Seychelles | Algeria
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Seven years after the Riggs bank scandal broke, oil sector governance in Equatorial Guinea remains opaque, according to a new report from Human Rights Watch which details the close business ties between US oil groups and service companies owned by President Obiang’s family.

Equatorial Guinea
Issue 167 - 18 July 2009

Equatorial Guinea: Family business

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Human Rights Watch’s new report lists a number of business dealings between relatives of President Obiang and US

Equatorial Guinea
Issue 167 - 18 July 2009

Artumas wins state support

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Canada’s Artumas Group has signed a joint operating agreement with Tanzanian Petroleum Development Company (TPDC) governing its gas concession operations.

Tanzania
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Everyone from the Ghanaian government to big Asian players and possibly even supermajors seems to want a slice of the Jubilee field action – and US indie Kosmos now seems willing to oblige if the price is right, writes Jon Marks.

Ghana
Issue 167 - 18 July 2009

Logbaba drilling, funding deal

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Victoria Oil & Gas (VOG) has signed agreements with a related company, Cameroon Holdings Ltd (CH), for a package of drilling services and funding for development of the Logbaba gas field which lies beneath Douala (AE 157/16).

Cameroon
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Two state companies on 9 July announced a licensing round offering 11 onshore and offshore exploration blocks. Egyptian General Petroleum Corporation (EGPC), whose chairman is Petroleum Minister Sameh Fahmy, is offering eight blocks, while Ganoub El-Wadi Petroleum Holding Company (Ganope), which is responsible for exploration activities in Upper Egypt, is offering three blocks. The deadline for bids is 1 November.

Egypt
Issue 167 - 18 July 2009

Gulf Keystone sells up

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Faced with a five-year wait before it could hope for a return from its share in the Hassi Ba Hamou (HBH) permit in central Algeria, London Alternative Investment Market (AIM)-listed Gulf Keystone Petroleum has “suspended” investment and put its interest up for sale.

Algeria
Subscriber

Malaysia’s Petroliam Nasional Berhad (Petronas) and US indie Noble Energy have signed an agreement with the state Société Nationale des Hydrocarbures (SNH) for the Tilapia block offshore in the Douala-Kribi Campo basin.

Cameroon
Subscriber

Sudan is producing around 522,000 b/d of oil, below its 600,000 b/d target for 2009, but has ambitious plans to raise output to 922,000 b/d within five years, even without developing new fields, as it implements a water injection and enhanced oil recovery (EOR) programme.

Sudan