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Africa Energy Intelligence /
N°699 - Paris,
Editor in Chief
Oil advances undercut by politics
Six months after his election, Ghana’s new president, John Mahama Dramani, hasn’t made the least headway on oil and gas issues. A challenge to his election before the Supreme Court by his leading rival, Nana Afuko-Addo, has held back any important decision, and created a logjam that weighs heavily on the industry.
Total waves goodbye
Africa Energy Intelligence understands that Total recently decided to withdraw from the Bemolanga permit on Madagascar’s block 3102 which it has operated since 2008.
Gunvor buys into PA Resources
Trading giant Gunvor is now the leading shareholder in the junior PA Resources which produces oil from the Azurite field.
Thiam beats drum for Alex Stewart
Guinea’s former mines minister Mahmoud Thiam actively promotes the services of the oil auditing concern Alex Stewart in Africa. It turns out he’s also a business associate of the firm’s CEO.
CENTRAL AFRICAN REPUBLIC
Soco & CNPC in running for block A
The turmoil in Central African Republic in recent months hasn’t blunted the enthusiasm of oil companies to explore CAR’s sedimentary basins.
Drilling on OPL 245 set for this summer
Mercuria in quest for investors
The Swiss trader Mercuria, which is firmly entrenched in Africa, is on the lookout for new investors. Among companies it has approached is Thailand’s PTT.
IPOs seem back in vogue
After Oryx Petroleum’s unsuccessful initial public offering on the Toronto stock exchange, next on the list are Caracal Energy (formerly Griffiths International) and Nigeria’s Seplat.
A first gas guarantee
Stalled since 2011, a World Bank project to guarantee sales of gas by the majors to Nigerian power plants has swung into action.
Bengaz & Gasol push barge plan
The idea of anchoring a re-gasification barge off Benin’s coast is gaining traction. And local investors have the means to put pressure on the government.
Tie-up for Chevron & Perenco
A meeting was held in Kinshasa in early May between officials from Perenco and the Cabinda Gulf Oil Company (CABGOC/Chevron) to decide how to use gas currently torched by the French firm in Democratic Republic of Congo.
Buffet’s son joins Virunga project
The son of the renowned American billionaire has agreed to help finance power stations in the natural reserve in eastern Congo-K and Rwanda.
Watch on Russians at Kandadji
The government is taking strong measures because of setbacks encountered by a Russian firm building the Kandadji dam.
EU bankrolls interconnection
Electricity for embattled north
The conflict in northern Mali has had an impact on power infrastructure. However, an improvement can be expected following a pledge by donor countries meeting in Brussels on May 14 to put up €3.
According to our sources, the United Nations mediator in the territorial dispute over ownership of the potentially oil-rich Mbanie islet between Gabon and Equatorial Guinea has resumed his duties.
The chairman of International Petroleum (IP), Anthony Sage, is to step down on June 30. Very close to IP’s founder (see above), Romanian-origin Frank Timis, Sage will nonetheless continue to run Cape Lambert Resources.
Chad’s lawyer at the Norton Rose office in Calgary is no longer with the company. The name of Jay Park has been quietly dropped from the firm’s Web site.
Although merger talks between International Petroleum headed by Frank Timis and Peter Landau’s Range Resources haven’t yet been completed, the identity of the new firm’s managing director seems in no doubt.
Griffiths again suspected
Several irregularities were pointed out in a new report for the Extractive Industries Transparency Initiative concerning Chad in 2011 and drafted by Fair Links, a company specializing
Obangue workers win
According to sources in the president’s office in Gabon, negotiations between workers on the Obangue field at the oil ministry wound up at the end of last week.
Pretoria to fund Inga hook-up
In a new presentation of the Inga 3 project (4,800 MW) to donors in mid-May in Paris, Congo’s energy minister, Bruno Kapandji, confirmed that all transmission lines between the dam
New bill gains traction
Publication of Uganda’s new oil legislation has speeded up reforms in the sector.
Yaroson & Partners
Trafigura’s lost $2.1 million
Kevin Halligen, founder of the security firms Red Defense and Oakley, was sentenced to 42 months in jail on May 17 for illegally obtaining $2.
Verdict soon for RSM
An arbitration tribunal which is due to decide on a dispute pitting the American oil company RSM Production against Cameroon’s government will hand down its definitive verdict in
Viking seeking funds
The Turkish drilling company Viking Services is currently raising money to build up its business in Kurdistan but also in North Africa where it hopes to offer a low cost alternative
$50 million for Circle Oil
In a shaky financial position following the freeze on assets of its leading stakeholder, Libya's LOHL fund, the explorer Circle Oil has received a lifeline from an unexpected quar
Gabriel Obiang Lima
Shell spearheads drive for shale gas
Post-Agadem oil rush in Niamey
Shell vs Malabu: The OPL 245 Saga
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