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Issue 285 - 30 September 2014

Egypt: New block for Edison, Petroceltic

Subscriber

A joint venture of Edison International and Petroceltic International has been awarded the North Port Fouad Block, in the Egyptian Natural Gas Holding Company 2013 International Bid Round. North Port Fouad (Block 7), is located offshore the Nile Delta and lies to the north of, and immediately adjacent to, the North Thekah Block, which was awarded to a Petroceltic/ Edison joint venture in 2013.

Egypt
Issue 387 - 28 February 2019

Madagascar: HFO plant rehabilitation

Subscriber

Turkish company Aksa Enerji Uretim commissioned the second 12MW unit of the rehabilitated Ambohimanambola heavy fuel oil (HFO) plant in January. The company won a contract to rehabilitate and operate the 24MW plant – which is adjacent to a 66MW HFO plant Aksa brought online in July 2017 – in April 2018 and began operating the first 12MW unit on 6 December. Aksa has a five-year dollar-denominated contract to sell power to national utility Jiro Sy Rano Malagasy (Jirama).

Madagascar
Free

Amid growing interest in West Africa’s untapped potential, Bergen Oilfield Services (BOS) is to acquire a big multi-client 2D seismic survey extending from Senegal to Guinea.

Guinea-Bissau | Senegal
Issue 196 - 22 October 2010

New Rovuma find for Anadarko

Free

Anadarko Petroleum Corporation’s Barquentine well has made another gas find in Offshore Area 1 of the Rovuma Basin

Mozambique
Subscriber

London-based Helios Investment Partners has raised more than $1bn for its third Africa-focused fund, making it the largest fund dedicated to African private equity. More than 60% of the capital comes from existing investors, and Helios said the investor base included sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions across the US, Europe, Asia and Africa. Helios held the previous record for the biggest private equity fund in Africa, having raised $908m in 2011.

Issue 198 - 19 November 2010

Ophir IPO back in prospect

Subscriber

Ophir Energy has revived plans to seek a share listing to help fund its growing exploration activity. The company was considering an initial public offering in 2007, but opted to stay private. It argued that markets liked to see short-term results, but that it was still a couple of years from drilling, and private equity was a better way of meeting its needs (AE 126/14

Issue 331 - 04 October 2016

DR Congo: Bids in for Inga 3

Subscriber

Two consortia submitted bids for the Inga 3 Basse Chute project on 3 September. The bidders are Groupement Chine d’Inga, made up of China Three Gorges International Corporation, Sinohydro, State Grid International Development Company, Changjiang Institute of Survey Planning Design and Research, China Gezhouba Group Company and Dongfang Electric Corporation, and Groupement ProInga, led by Spain’s Actividades de Construcción y Servicios with Spain’s Eurofinsa and AEE Power, Andritz Hydro of Germany, Brazil’s Andrade Gutierrez and China National Electric Engineering Company.

DR Congo
Subscriber

The government on 6 June launched its 2016 licensing round, offering all 37 of the country’s open blocks. The launch took place in Cape Town, and roadshows will be held in London on 20-21 June, in Singapore on 20-23 September, in Istanbul during the World Energy Congress on 9-13 October and finally in Houston in November. The blocks on offer include Block A-12, which was recently relinquished by Marathon, while Glencore’s former EG-05 has been subdivided into smaller blocks.

Equatorial Guinea
Subscriber

Energie du Mali (EDM) has invited sealed bids by 20 July for the rental, operation and maintenance of containerised diesel generators with a combined capacity of 20MW.

Mali
Issue 338 - 20 January 2017

Ugandan ERA names new acting head

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Uganda’s Electricity Regulatory Authority (ERA) has appointed Ziria Tibalwa Waako as acting chief executive, replacing Benon Mutambi, who was named last year as permanent secretary in the Ministry of Internal Affairs. Waako, who joined ERA as director technical regulation in 2012, will head the ERA secretariat for six months or until the position is filled. Senior ERA staff had been keen to see a successor appointed from within the body to ensure continuity. Waako studied electrical engineering at Makerere University and worked at Uganda Electricity Transmission Company before joining ERA

Uganda
Free

The past four years have been a period of intense frustration for National Oil Corporation (NOC) and its international partners as persistent violence and political mayhem have cut oil production to one-quarter of the 1.6m b/d maximum and made it impossible to implement exploration and development plans. NOC’s inability to make progress on a practical level has not stopped it from working up new investment schemes, which it has presented to international oil companies (IOCs) in increasing detail over the past several years.

Libya
Subscriber

The World Bank brought together nine countries, ten oil companies and six development institutions in Washington on 17 April to commit to ending routine gas flaring at oil production sites by 2030 at the latest. Participants in the Zero Routine Flaring by 2030 initiative will publicly report their flaring and progress towards the target on an annual basis, and will ban the burning off of gas at new oil field developments. Governments have committed to provide an operating environment conducive to investments and to the development of functioning energy markets.

Nigeria
Free

Mauritania’s early August coup was widely seen as a setback for democracy in Africa and a reminder of the difficulty of developing robust state structures in fragile nations that are prone to economic disappointments, unresolved social cleavages and grasping elite power-brokers.

Mauritania
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Eskom’s 2017-18 annual report makes unsurprisingly gloomy reading, with the utility fighting to control costs and increase revenue. The announcement of a R2.3bn ($173m) loss and a qualified audit on 23 July came amid a stand-off with unions over pay and the possibility of job losses which has already led to violence and sabotage. High primary energy and debt servicing costs look similarly intractable. In the shorter term, the utility’s net cash position has fallen from R45.8bn to R37.6bn over the year.

South Africa
Subscriber

Petroleum Minister Sameh Fahmy has signed a long-awaited agreement to supply Lebanon with 600m m3/yr of natural gas through the Arab Gas Pipeline Project (AGPP).

Egypt