previous Archive n° 241  - 12/02/1998 next  
Philippe Vasset
Editor in Chief
SIZING UP MEGA MERGER IMPACT ON AFRICA
Africa certainly hasn't been a decisive factor in the flurry of mega-mergers in the oil industry which are being spurred instead by the need to cut costs in the face of plunging oil prices – in real terms these are below rates prevailing before the 1973 oil shock - and new strategic considerations, particularly in the Caspian Sea region. (...)   [749 words]   [$11,2]
OIL & GAS
SIZING UP MEGA MERGER IMPACT ON AFRICA
   Africa certainly hasn't been a decisive factor in the flurry of mega-mergers in the oil industry which are being spurred instead by the need to cut costs in the face of plunging oil prices – in real terms these are below rates prevailing before the 1973 oil shock - and new strategic considerations, particularly in the Caspian Sea region.  (...)  [749 words]   [$11,2]
AFRICA
SEMI-SUB SHIFT CANCELLED
   Amoco has dropped plans to mobilize the DP drillship Discovery 543 from the U.S. Gulf of Mexico to drill a deepwater well.  (...)  [259 words]   [$7]
GAMBIA
HARDMAN SEEKS TO DRILL IN 1999
   Australia's Hardman Resources is planning a large-scale drilling program off the coast of Gambia in the first half of 1999.  (...)  [176 words]   [$7]
NIGERIA
WAY OPEN TO SOME PRIVATIZATION
   The Nigerian government has offered more incentive-minded terms to oil companies under a new memorandum of understanding it signed with Shell, Chevron, Mobil, Elf, Agip and Texaco, the operators of six joint ventures with NNPC that produce virtually all of Nigeria's oil.  (...)  [430 words]   [$7]
EQUATORIAL GUINEA
FLEXIBLE BIDDING TERMS
   A new invitation by the government to tender for exploration acreage and covering all available blocks in the deep offshore south of Bioko and off Rio Muni (AEM 240) will close on May 10.  (...)  [292 words]   [$7]
MOZAMBIQUE
SASOL MAKES HAY AS SUN SHINES
   Sasol has been spurred to greater efforts in Mobazambique's gas sector by increasing uncertainty over talks between the Mozambique government, Enron, the former exclusive operator of the Pande gas field, and South Africa's IDC, leader a related steel-making project in Maputo (AEM 240).  (...)  [887 words]   [$7]

AT A GLANCE
GABON    BIDS FOR THREE BLOCKS IN 8TH ROUND
 [74 words]   [$2,1]
CONGO    AGIP DROPS OCEAN LIBERATOR
 [71 words]   [$2,1]
CONGO    EXPECTED REVENUE DROPS LESS THAN PRICE
 [67 words]   [$2,1]
ANGOLA    BRAKE ON EXPLORATION ON BLOCK 14
 [80 words]   [$2,1]
NIGERIA    ELF TO USE TWO JACK-UPS ON AMENAM
 [98 words]   [$2,1]
NIGERIA    MOBIL CUTS SHORT CONTRACT
 [92 words]   [$2,1]
CAMEROON    IMF AGAIN DEMANDS AUDIT OF SNH
 [84 words]   [$2,1]
NAMIBIA    SHELLS DELAYS DRILLING ON KUDU
 [47 words]   [$2,1]
SOUTH AFRICA    PHILLIPS TO DRILL IN MID-1999
 [26 words]   [FREE]
MOROCCO    NEW RECONNAISSANCE PERMIT
 [89 words]   [$2,1]
   OCEAN-SEAGULL MERGER
 [159 words]   [$2,1]
   RANGER AND LASMO PULL IN E&P HORNS
 [194 words]   [$2,1]
   IFC BEEFS UP PROCEDURES CONTROLS
 [56 words]   [$2,1]
ELECTRICITY
MOROCCO
CHINA TO PROVIDE FIRST NUCLEAR STATION
   China is to supply Morocco with its first commercial nuclear reactor, a 10 MW facility that will be built at Tan Tan in the far south of the country near Western Sahara.  (...)  [185 words]   [$7]
UGANDA
THE MOVE TO PRIVATIZATION
   The government has issued a general procurement notice for the Power IV project, setting the stage for opening the sector to private investors.  (...)  [293 words]   [$7]
GUINEA
UNIONS REJECT "PRIVATE MONOPOLY"
   The government's plan to establish a single concession for Enelgui and the rest of Guinea's power sector (AEM 240) has run into strong union resistance.  (...)  [279 words]   [$7]

AT A GLANCE
CAPE VERDE    FIRE DAMAGES PRAIA POWER STATION
 [44 words]   [FREE]
SIERRA LEONE    EUROPEAN LOANS FINALIZED
 [104 words]   [$2,1]
NAMIBIA    MAJOR LOAN FOR POWER PROJECT
 [97 words]   [$2,1]
EUROPE    BIG PUSH FOR RENEWABLE ENERGY IN EURO PARLIAMENT
 [187 words]   [$2,1]
KENYA    KENGEN LOOKS AT NEW HYDRO PROJECT
 [40 words]   [FREE]
KENYA    AFD TO FINANCE MV NETWORK IN WEST
 [88 words]   [$2,1]
LIBYA/TUNISIA    KEC TO BUILD HIGH VOLTAGE LINE FROM LIBYA
 [87 words]   [$2,1]
SENEGAL    ESKOM BIDDING FOR SENELEC
 [89 words]   [$2,1]
GHANA    VALCO COULD REOPEN POT LINES
 [136 words]   [$2,1]
GHANA    CONTRACTS WITH ABB, SAMSUNG, NORELEC AND CROMPTON GREAVES
 [161 words]   [$2,1]
GUINEA    WARTSILA WINS ENGINE CONTRACT FOR FOURTH GENERATOR FOR TOMBO III
 [105 words]   [$2,1]
NIGERIA    PRIVATE INVESTORS INVITED INTO POWER BUSINESS
 [88 words]   [$2,1]

MINING
SENEGAL
SABODALA MINE DECLARED ILLEGAL
   The authorities have declared the Sabodala gold mine illegal, prompting the Senegalese company Eeximcor to pull out all the stops to keep the operation running, including pointing  (...)  [484 words]   [$7]
GUINEA
DE BEERS SEEKS NEW ACREAGE
   De Beers is seeking to acquire five new exploration licenses in Guinea on top of the 13 it already possesses in the Kankan and Kerouane regions, sources at the energy and natural resources  (...)  [272 words]   [$7]
GUINEA
FOUR PRE-QUALIFIED FOR FRIGUIA
   Government sources in Conakry have told AEM that four companies have been pre-qualified for the acquisition of the Frialco's shares in the Friguia consortium, namely the U.  (...)  [527 words]   [$7]

AT A GLANCE
ZIMBABWE    BHP COULD CLOSE HARTLEY
 [152 words]   [$2,1]
GUINEA    STUDY ON KARTA GOLD PROJECT COMPLETED
 [141 words]   [$2,1]
CANADA    ASHANTI RECOVERS ITS LICENSE
 [133 words]   [$2,1]
GHANA    GLENCAR OPENS ITS WASSA MINE
 [95 words]   [$2,1]
EGYPT    CENTAMIN MOVES INTO HIGHER GEAR
 [169 words]   [$2,1]
UNITED KINGDOM    SECOND MINING CONCLAVE
 [91 words]   [$2,1]
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