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Windhoek-based Nabirm Global has given Electromagnetic Geoservices ASA a contract for a proprietary 3D controlled source electromagnetic (CSEM) survey over Block 2113A (PEL 58) in the Walvis Basin. Subject to vessel availability, acquisition is projected to take place in Q1/Q2 2020. EMGS chief executive Bjørn Petter Lindhom said the company was working on developing a 2020 multi-client campaign offshore Namibia, which would allow it to deploy a vessel to the region.

Namibia
Issue 230 - 03 May 2012

South Sudan joins IMF, WBG

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The Republic of South Sudan became the newest member of the International Monetary Fund and World Bank Group (WBG) on 18 April when finance and economic planning minister Kosti Manibe Ngai signed the two institutions’ articles of agreement in Washington.

South Sudan
Issue 282 - 25 July 2014

Angola/Namibia: Power supply MoU

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On 10 July, NamPower and Angola’s Empresa Nacional de Electricidade signed a memorandum of understanding in Menongue, in Angola’s Cuando Cubango Province. NamPower has agreed to supply electricity to towns and settlements in southern Angola, upgrading supply in Calai, Cuangar, Dirico and Micuso in Cuando Cubango, and extending supply to an additional 20 settlements in the province.

Angola | Namibia
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Germany’s Voith Group and China Three Gorges Corporation (CTG) signed a joint agreement in Berlin on 5 July covering the strengthening of the strategic cooperation between the two parties in promoting hydropower business in the African market. Voith and CTG have a long history of international cooperation, and the agreement also covered the delivery of two 350MW units to China’s Zhejiang Changlongshan pumped storage power station.

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The Somali government has turned to the United Nations International Court of Justice (ICJ) in The Hague to resolve its maritime border dispute with Kenya. In its application, posted on the ICJ’s website on 28 August, Somali minister of foreign affairs and investment promotion Abdirahman Dualeh Beileh asked the court to determine the course of the maritime boundary, saying “diplomatic negotiations, in which… respective views have been fully exchanged, have failed to resolve this disagreement”. In its application, Somalia asks the court “to determine, on the basis of international law, the complete course of the single maritime boundary dividing all the maritime areas appertaining to Somalia and to Kenya in the Indian Ocean, including the continental shelf beyond 200 [nautical miles]”.

Kenya | Somalia
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New York-based Blackstone Group senior managing director and Sithe Global Power board member David Foley said in an interview that the investment giant intends to invest in the 358-480MW Ruhudji hydroelectric project in Tanzania and the 150MW Ruzizi III hydropower plant in Rwanda.

Tanzania
Issue 315 - 14 January 2016

Angola: Fuel prices rise

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An explosion at Naftal’s butane gas bottling plant in the Skikda industrial zone on 5 January hospitalised 17 people with burns, one of whom is understood to have died from his injuries. The incident appears to be a consequence of inadequate safety measures in the operation of the plant – said to be a widespread problem at Sonatrach’s downstream facilities. In a statement released through Algérie Presse Service, the official state-owned newswire, Naftal said that “the incident has no consequences for the effective supply of the wilaya and the eastern region, which is carrying on as normal”.

Angola
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Completion of the 300MW first phase of the Maamba coal-fired power plant has been put back to 2015 due to delays in the transmission line to link to the Zesco grid. Maamba Collieries – a joint venture of Nava Bharat Singapore Ltd (65%) and government-owned Zambia Consolidated Copper Mines (35%) – is developing the project to use low-grade coal produced as a by-product of mining at the site, which would otherwise be at risk of spontaneous combustion. The first 150MW coal-fired power was scheduled to come on stream in August 2014. “We will have the first unit of 150MW go on line by December this year and the other one by July next year,” energy minister Christopher Yaluma said in an interview.

Zambia
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Hyperdynamics said on 21 June that its SCS Corporation subsidiary had filed a suit in the High Court in London claiming against AGR Well Management Limited following unsuccessful negotiations to address cost overruns associated with the Sabu-1 well offshore Guinea.

Angola
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Vice-president Teodoro Nguema Obiang Mangue’s $100m luxury yacht Ebony Shine is being returned to him after Swiss authorities closed an investigation into money laundering and mismanagement of public assets. Authorities in Geneva said on 7 February they had decided to dismiss proceedings against Obiang (known as Teodorín) and two other defendants.

Equatorial Guinea
Issue 265 - 08 November 2013

Nigeria: Lekoil placing raises $100m

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AIM-listed Lekoil has raised $100m through a placing of 113.28m new shares at 55p/share. The proceeds will be used to fund the company’s share of drilling and testing of the Ogo-1 well and sidetrack, the development of the OML 113 licence, which contains the Aje field, and for general working capital purposes, including the repayment of a $15m loan from Afren. The placing was conducted by Mirabaud Securities. “Following its successful IPO on AIM in May this year raising $50m, Lekoil has now raised further funds of $20m in July and $100m primarily to finance its successful drilling on its OPL 310 licence,” said Field Fisher Waterhouse corporate finance partner Anthony Brockbank, who advised Mirabaud Securities.


Nigeria
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Speaking in Cape Town at the end of June, US President Barack Obama unveiled a new multi-billion dollar power initiative, Power Africa, aimed at doubling sub-Saharan access rates, boosting generation capacity by 10,000MW and connecting more than 20m households and businesses to the grid over the next five years. Under the scheme, the US government will provide $7bn of financial support, while a major private sector investment drive will pump an additional $9bn of investment into African power projects.

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The PDP is no longer all-powerful, but President Goodluck Jonathan has a mandate for change that should accelerate the pace of projects and the passing of modernising legislation – provided he and his new government are capable of implementing their policies, write Kevin Godier, Jon Marks and David Slater

Nigeria
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Eni and Vitol have announced the start of oil production from the Sankofa oil and gas project on the Offshore Cape Three Points (OCTP) Block. Gas will follow in 2018.The medium density, low-sulphur crude will be produced through the John Agyekum Kufour floating production, storage and offloading vessel (FPSO), a 333-metre long, 58-metre wide structure moored 60km offshore with a storage capacity of 1.7m barrels.

Ghana
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The co-founders of US-based residential and commercial solar company SolarCity – now part of Tesla Inc and called Tesla Energy – Lyndon Rive and Peter Rive have joined Zola Electric, the brand name of Off Grid Electric. Lyndon Rive will become Zola’s chairman while Peter Rive will be operational and technology adviser.