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Africa Energy Intelligence /
N°720 - Paris,
Editor in Chief
Scramble for gas before elections
Mozambique president Armando Guebuza is expected to take some crucial decisions before he steps down in October. One of most important undoubtedly concerns the oil and gas sector with the allocation of new, highly promising blocks and the creation of joint ventures with private sector groups.
New momentum in Kwanza sale
The process of awarding blocks in the Kwanza area and Congo basin (AEI 716) seems to have shifted into higher gear following Sonangol’s road shows in January and February in Houston,
Exxon prepares the ground
Now that it has completed a seismic survey on its offshore blocks, Exxon is deploying a public relations campaign.
Qataris and Jordanians in tie-up
The coastal basin of Lamu in Kenya has drawn a mixed bag of buyers. One is a bank in Qatar that holds a stake in a block. It operates in conjunction with Jordanians of Palestinian origin.
Only three remain for OML 29
The Glencore trading group has pulled out of the bidding for OML 29 that Shell put up for sale.
Total-Amni unitization deal
Etete gets a clean sheet
On the point of recovering money frozen following the sale of his OPL 245, Dan Etete is seeking to restore his reputation.
Local traders turn to E&P
New companies that have won exploration blocks in Ghana’s offshore are teaming up with local traders.
IVORY COAST/GHANA/EQUATORIAL GUINEA
A menage a trois in LNG
A project by Ivory Coast and Ghana to import Equatorial Guinea’s gas is still held back by a maritime boundary squabble between Abidjan and Accra.
Snail’s pace in methane deals
Companies interested in getting into the extraction of methane from Lake Kivu are facing a long wait to win blocks, and legal hurdles are piling up.
ENI bumps up price on block 4
Italy’s ENI is currently pulling out all the stops in Mozambique’s offshore. The group is seeking to sell 15% of its stake on block 4 for the rather staggering sum of $5 billion.
SNEL direly squeezed by TFM
The powerful mining joint venture TFM is refusing to pay the current rate for electricity because of patchy supply.
EU shuns hydro power projects
The European authorities have turned away from financing dams, leaving the way open for Asian government donors.
Privatization flies off the rails
According to our sources, the privatization process that led Nigeria to sell several power plants in 2013 is coming unstuck.
Persona non grata in Gabon (AEI 719), the legal director of Addax Petroleum, Holland’s Guss Klusener (a former Shell Nigeria executive), has been rewarded for his troubles in Geneva.
A dispute between corporate bosses that pitted Daniel Gnangni, managing director of Societe Nationale des Operations Petrolieres de Cote d’Ivoire (PetroCI) against his deputy, Kassoum Konata, has ended with the appointment of Barakissa Bamba.
Although it appeared on the point of being finalized, the acquisition of Australia’s Tangiers Petroleum firm, which operates the Tarfaya block in Morocco, by Jacka Resources (active in Tunisia, Niger and Somaliland) fell through at the end of March.
Mateus Morais de Brito
One of Sonangol’s most influential figures, Mateus Morais de Brito, died of a heart attack on April 2 at the age of 53.
Ashurst helps with oil bill
A lawyer from Britain’s Ashurst firm is currently advising Congo’s parliament in an attempt to break a logjam on a new oil legislation that persists despite a resumption of deliberations
Lisbon wants in on boom
Portuguese prime minister Pedro Passos Coelho is trying to strengthen his country’s hand in Mozambique at a time when foreign investors are pouring in to capitalize on the gas and
Thefts take toll on Total
Oil companies are beginning to churn out their annual reports for 2013.
ALNAFT picks up speed
Algeria’s Agence Nationale pour la Valorisation des Ressources en Hydrocarbures (ALNAFT) is picking up speed in handing out decrees applying Algeria’s new oil legislation adopted in
Hunton & Williams
Fresh turn in IPTL saga
Over 15 years after the starting gun sounded, the creditors and stakeholders of the private power concern Independent Power Tanzania (IPTL), which is now bankrupt, are continuing to
IPG can count on $450 mn
Ethiopia is currently cobbling together a $450 million loan to cover its needs in oil products for a year.
Guarantee for power plants
In the works since 2011, a project to have the World Bank guarantee purchases of electricity by the Nigerian Bulk Electricity Trading concern is taking shape.
Hydro Ivoire woos bankers
Having won a contract to build and operate the 44 MW hydropower station at Singrobo-Ahouaty on the Bandama river, the firm Ivoire Hydro Energy (IHE) is currently doing the rounds of
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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