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Issue 265 - 11 November 2013

Weatherford: $250m settlement

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Oil services company Weatherford International said on 4 November that it hoped to finalise a settlement for some $250m with the US government for violations of the US Foreign Corrupt Practices Act and the Iraq oil-for-food programme, and trading with sanctioned countries. The sanction settlement alone is expected to cost $100m, and Weatherford is awaiting approval from the US Securities and Exchange Commission. Weatherford first disclosed an overseas bribery investigation in 2007. The investigation later expanded to include potential violations of the Iraq oil-for-food programme and possible illegal trade with Cuba, Iran, Sudan and Syria.

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Zimbabwe utility Zesa Holding is sticking to its power-exporting arrangement with NamPower, the Namibian parastatal has told African Energy.

Namibia | Zimbabwe
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The International Energy Agency (IEA)’s World Energy Investment 2016 report, launched in London on 14 September, “shows the electricity sector leading a broad reorientation of energy investment”, as upstream oil and gas investment has slumped. The Paris-based agency’s data show investment in renewable energy accelerating at an impressive rate, although Africa’s performance remains patchy, even in industry leaders like Morocco and South Africa. Despite the global upturn in renewable energy, the IEA warned that “more is needed to meet climate targets and address energy security concerns”.

Free

Renewable energy projects are making progress as the industry waits for a government decision on whether to increase the capacity allocated to the third round of the renewable energy independent power producers procurement programme (REIPPP) and the outcome of public consultation for the revised Integrated Resource Plan (AE 268/5). While energy minister Dikobe Ben Martins barely mentioned the issue in a speech to the Energy Leaders’ Roundtable on 11 February, an extended third bid round for concentrated solar power is due to take place in March. Bid registration will take place on 3 March with submissions due on 31 March.

South Africa
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The Africa-EU Energy Partnership (AEEP)’s 2020 Political Targets call on Africa and the EU to take joint action to improve energy security by doubling the capacity of cross-border electricity interconnections within Africa and with Europe, and doubling the use of natural gas in Africa and of African gas exports to Europe by building natural gas infrastructure, notably to bring currently flared gas to market. The Second Stakeholder Meeting’s energy security session, in Milan on 17 May, focused on electricity interconnections, where much is expected from projects that have dragged on. However, significant progress is expected in cross-border trading in the period to 2020, notably in East Africa.

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The temporary closure by protesters of three oil terminals, which caused a fall in exports of 300,000 b/d over two days in early July, is likely to reoccur, according to European security and diplomatic sources

Libya
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The multilateral created to pull former communist economies into the global market is gearing up to provide significant support for North Africa, but like other elements of the so-called Deauville Partnership, things are not moving as quickly as supporters of the ‘Arab Spring’ would like, writes Jon Marks

Egypt | Morocco | Tunisia
Issue 202 - 04 February 2011

DR Congo: AfDB grants for electrification

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The African Development Bank (AfDB) is close to finalising grants of UA9.69m from the African Development Fund and UA60m from the Fragile States Facility to finance Congo’s semi-urban and rural electrification project

DR Congo
Issue 286 - 10 October 2014

Gabon: SIAT Gabon to sell power to grid

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Agro-industry firm SIAT Gabon signed a power purchase agreement with state utility Société d’Energie et d’Eau du Gabon (Seeg) on 7 August to sell its surplus power to the grid. SIAT Gabon produces electricity from palm oil production residues. Local media reports said the supply from SIAT would meet nearly 20% of demand from the city of Lambaréné in the Moyen Ogooué region, where SIAT has a large palm oil plantation. “This agreement testifies to Seeg’s desire to provide new sources of clean energy in collaboration with companies committed to the sustainable industrial development of Gabon,” Seeg director-general Jean-Paul Camus said at the signing ceremony.

Gabon
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The Southern African Power Pool (SAPP) is operating with a power deficit of 2,154MW, despite the addition of over 4,000MW to its grid in 2018. Opening the 46th SAPP executive committee meeting in Harare on 22 March, Zimbabwe’s deputy minister of energy and power development Magna Mudyiwa said SAPP currently had an installed generation capacity of 68,869MW, with approximately 55,181MW operating against demand and an estimated reserve of 57,335MW, leaving a deficit of 2,154MW.

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Relations between Angola and Democratic Republic of Congo have deteriorated following the tit-for-tat expulsion of Angolan and Congolese nationals who have, until recent crackdowns, generally been allowed to live in border regions. President José Eduardo dos Santos failed to attend the Southern African Development Community’s Kinshasa summit

DR Congo | Angola
Issue 289 - 20 November 2014

Benin: AGR well for Hunt Oil

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AGR Well Services is marking its 40th well in Africa, with the late October spudding of a well on offshore Block 2 for US independent Hunt Oil. Hunt signed a new exploration permit for the 1095km2 block in 2013 alongside previous operator Archean Benin Energy, a subsidiary of Century International Oil & Gas Corporation, and Société Beninoise des Hydrocarbures. The permit has an initial period of three years, renewable for one year. The drilling contract, awarded to AGR in July, is for one firm well, plus one future option well.

Benin
Free

Royal Dutch Shell has agreed to pay $15.5m to the Ogoni people to settle a long-running court case brought in the United States under the Alien Tort Claims Act.

Nigeria
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Although the development of deep water and gas has not been forthcoming in recent years due to the continued hold-up of the Petroleum Industry Bill (PIB) and its proposed new fiscal regime, two majors have announced big investments, with Total planning the development of the offshore Egina field at a cost of some $15bn, and Shell Petroleum Development Company (SPDC) taking final investment decisions on the Trans Niger Pipeline Loop-line (TNPL) and the Gbaran-Ubie Phase Two project at a combined cost of $3.9bn.

Nigeria
Issue 172 - 16 October 2009

Government sets oil field targets

Subscriber

The government has published a detailed oilfield development programme which shows how it intends to deploy the LD12bn-worth of investment it announced in September to increase output from 1.7m b/d to more than 2.3m b/d by 2013 (AE 170/3).

Libya