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General Electric’s Angolan partner AE Energia has delivered three 28MW turbines to the Quileva thermal power plant in Lobito to increase its capacity to 215MW. The TM 2500 turbines, which were manufactured at a GE plant in Hungary, will undergo testing before being connected to the grid. The Ministry of Energy and Water said the increased generation capacity aims to improve supply to the cities of Benguela, Lobito, Catumbela and Baía Farta.

Angola
Subscriber

The US’ continued domination of the World Bank Group (WBG) was confirmed on 16 April, when President Barack Obama’s candidate, Korean-born Dartmouth College head Jim Yong Kim, was named president of the Washington-based institution; he will replace Robert Zoellick at the end of June

Issue 358 - 23 November 2017

Morocco: SDX discovery

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SDX Energy has announced a gas discovery with the second well in a nine-well drilling programme on the Sebou, Gharb Centre and Lalla Mimouna permits. The KSR-15 well on the Sebou permit was drilled to a total depth of 1,774 metres and encountered 17.2 metres of gas reservoir section across four intervals. The average porosity of the primary target, the Hoot sand, was 29%, which is the highest recorded for the Hoot sand in the basin.

Morocco
Subscriber

UK regulators have approved a new London-based non-life reinsurance company established to focus solely on business from the African continent. One Re on 26 November said it was the first traditional start-up reinsurance company to be approved under the UK’s new regulatory regime that came into effect in April 2013. One Re – whose founders have invested an initial $50m in cash as start-up capital – is offering local African insurance companies what it calls “well-capitalised and transparent reinsurance solutions

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AIM-listed Sirius Petroleum has appointed Ophir Energy founders Alan Stein and Jonathan Taylor to a new technical advisory committee to help it bring its Ororo field in block OML95 offshore Nigeria into production. The appointments form part of a broader technical advisory agreement with Perth-based natural resources investment company Havoc Partners, which was co-founded by Stein and Taylor. Sirius acquired 40% of OML 95 through a financial and technical services agreement with Ondo state-owned Owena Oil & Gas Limited and Guarantee Petroleum Company in 2011.

Nigeria
Issue 194 - 25 September 2010

First domestic design contract

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Italy’s Saipem and Canada’s SNC Lavalin have signed the first energy sector contract for which international contractors will carry out the engineering design work inside Libya.

Libya
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Mobisol has teamed up with West African solar distributor Baobab+ to provide pay-as-you-go solar systems in Côte d’Ivoire. A joint statement said the cooperation combined Mobisol’s strengths in provision of solar hardware and software with Baobab+’s regional experience in customer finance and distribution. Baobab+ was launched in 2015 by microfinance services provider Microcred Group, which has a network of 20 branches and 100,000 clients in Côte d’Ivoire. Mobisol will provide hardware and software, while Baobab+ will focus on sales and distribution.

Côte d'Ivoire
Issue 167 - 18 July 2009

Gulf Keystone sells up

Subscriber

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
Issue 135 - 28 March 2008

Bidding for Tarfaya wind farm

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Office National de l’Electricité (ONE) has invited prequalified companies to submit proposals for a 300MW wind farm to be developed near the southern coastal town of Tarfaya (AE 121/7).

Morocco
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Petroleum Minister Diezani Alison-Madueke announced on 19 September the creation of a N213bn ($1.3bn) lifeline intended to kick-start the reform process nearly a year after generation and distribution companies were handed over to private investors. This should pave the way for the declaration of the Transitional Electricity Market (TEM), at which point contracts signed between the generation companies, distribution companies and the offtaker Nigerian Bulk Electricity Trading Company (NBET) become active. Akindelano Legal Practitioners partner John Delano told African Energy: “the TEM is expected to be declared on 1 November tentatively. It has been delayed a couple of times but it appears there is now resolve within Nerc [Nigerian Electricity Regulatory Commission], the federal government and the bulk trader to make the PPAs [power purchase agreements] active”.

Nigeria
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In a dramatic sign of the effect of the global downturn, middle-income Botswana has been forced to turn to the African Development Bank for a big chunk of budget support

Botswana
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Pancontinental Oil & Gas has agreed to pay a disputed cash call to Tullow Oil to avoid a default, but continues to contest the payment. The company said in December that it had received a cash call for $552,897 for administration and other “non-exploration” costs in Walvis Basin PEL 37 for 2014 to 2016 (AE 337/15). Pancontinental said it believed the sums were covered under the free carry agreed when Tullow farmed into the licence, but the joint operating agreement stipulated payment to avoid a possible default situation, and then resolution of any disputes later.

Namibia
Subscriber

East Africa continues to be a hive of activity, despite the slowdown in much of the African upstream sector. Denmark’s Maersk Oil & Gas has agreed to farm into Africa Oil Corporation’s assets in Kenya and Ethiopia, while Cameroon player Bowleven is expanding its East African portfolio with a stake in Afren’s Tanzania gas assets. Tullow Oil’s Emesek exploration well in the North Lokichar Basin has come up dry, and Richard Schmitt’s Octant Energy has bought Afren’s assets in Kenya and Tanzania.

Kenya | Tanzania
Subscriber

Operator Aker Energy submitted a development plan to the Ministry of Energy on 28 March for the Deepwater Tano/Cape Three Points Block. The Integrated Plan of Development and Operations (PDO) presents an overall plan for a phased development and production of the resources in the contract area, starting with the Pecan field, which was discovered by Hess in 2012. Once the PDO is approved by the Ghanaian authorities, the partners will work towards a final investment decision (FID).

Ghana
Issue 184 - 16 April 2010

Tap Oil contract confirmed

Subscriber

Australian minnow Tap Oil in early April received formal confirmation of the award of Ghana’s Offshore Accra Contract Area, a 2,000km2 block just offshore from Accra’s Tema port.

Ghana