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Africa Energy Intelligence /
N°717 - Paris,
Editor in Chief
In the quest for geological treasure
Joined millions of years ago, the African and South American continents present geological similarities that stir the curiosity of oil companies. Recent discoveries on the South American side of the Atlantic have spurred demand for exploration licences on the opposite side, and vice verse.
Exxon plays hand in Agadem
Niger’s oil minister, Fumakoye Gado, was in Paris between Feb. 18-21 to talk with Exxon on the possibility of using the Doba/Kribi oil pipeline managed by the major to export Niger’s
Hazardous acquisition by Impact
With less than a month to go before presidential elections in Guinea-Bissau, explorers are feeling jittery about owning oil blocks.
Tullow Oil faces an impasse
Extensions of exploration rights awarded in late 2013 by Andry Rajolina’s government still haven’t been confirmed, and that’s a big problem for some companies.
At last something solid for Gunvor
The Russian trade Gunvor has won a green light to proceed with its partnership with Gabon on importing gasoline.
New hand on till at Amni
Geologist Tunde Afolabi has taken over at Amni which produces 20,000 bpd on the Ima and the Okoro/Setu fields.
A hardy first venture for L1
Founded less than a year ago, the L1 Energy fund of Russian oligarch Mikhail Fridman looks set to undertake its first African operation - in the Niger Delta.
...and juniors aren’t moving in
Nigerian operators are finding it extremely hard to install gas processing plants on their fields.
Shell backs away from gas
The sale of Shell’s stakes in the Niger Delta will strike a further blow at supply for Nigeria’s gas-fired power plants.
Gas project with Ghana hardens up
Gaz du Cameroun doing fine
Doubts tinge hope on Kudu
Tullow Oil has long been saying the final investment decision on Kudu will come this year. Namibia’s mines and energy ministry headed by Isak Katali is even more optimistic, betting that a definitive go-ahead will come in June.
No-bid dam deals to prevail
Competitive bidding is giving way to direct deals for future hydro-power dams so as to gain time. Turkish companies have a head start.
Dakar seeking cash for power push
Chronically short of money to finance power generation programs, the Senegalese government has put out an urgent call for donors.
AEE Power bursts on scene
The Spanish concern AEE Power, a subsidiary of Eurofinsa, has agreed with Actividades de Construccion y Servicios (ACS) to jointly construct a second interconnection with a capacity of 220kV between Zambia and Congo-K.
Ivory Coast oil minister Adama Toungara fired his chief-of-staff, Noel N’Guetat, on Feb. 14. On the same day N’Guetat transferred his papers to the offices of prime minister Daniel Kablan Duncan where he will serve as one of the members of a committee privatizing government property.
If Tanzania’s energy and mines minister Sospeter Muhongo retained his job in a government re-shuffle in February, the deputy minister changed:
Nigerian president Goodluck Jonathan has decided to dispense with the services of the governor of the Central Bank of Nigeria (CBN) three months before his contract runs out.
CENTRAL AFRICAN REPUBLIC
The oil and mining industries in Central African Republic are now in the hands of Olivier Malibangar, former adviser to the former minister in the sector, Herbert Gontran Djono Ahaba.
European test air for business
Trade missions from Europe are banging on the door of Maputo and Dar es Salaam to sniff out business opportunities.
Total at war with tax collector
Total is challenging an additional tax assessment of $805 million it received on Feb.
Kuku finds jobs for the boys
The Nigerian president’s adviser for the Niger Delta, Kingsley Kuku, visited the French city of Grenoble in early February with the chairman of Schneider Electric, Jean-Pascal Tricoire,
SIR in disarray
Liberia has been hit by severe shortages of diesel fuel because of its dependence on products from Ivory Coast’s Societe Ivoirienne de Raffinage (SIR).
ADB backs Twake
On Jan. 27, the African Development Bank approved a $97 million loan for the construction of the Thwake dam on the Athi river in Kenya.
Fridman plants his flag
With his L1 fund currently seeking to debut in the Niger Delta (read here), Russian oligarch Mikhail Fridman has already a foothold in Algeria.
Hearing on Panocean
A swarm of Nigerian lawyers found themselves on Feb. 13 in chambers devoted to arbitration on the posh Avenue d’Iena in Paris.
Combret still in thick of things
Thirteen years after leaving Elf (now part of Total), Bernard Polge de Combret, former managing director of the firm’s trading arm, remains particularly active in Africa.
Tug of war between Addax and GOC on Obangue
Shell spearheads drive for shale gas
Shell vs Malabu: The OPL 245 Saga
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