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Africa Energy Intelligence/Search a Section

FINANCIAL OPERATIONS

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010 FINANCIAL OPERATIONS
Still More for Maurel

Launched last month, a bond issue by Maurel & Prom is now aiming to raise EUR 70 million through the sale of 5,511,812 units convertible into shares in the French oil company. (...) [158 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010 FINANCIAL OPERATIONS
Deutsche Bank Tries Again

After failing in its efforts to syndicate a USD 400 million loan for the Equatorial Guinea government (AEI 480), Deutsche Bank is making a fresh stab at winning business on West Africa’s oil market, this time on behalf of the Ghana National Petroleum Corp (GNPC). (...) [197 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°632 - 14/07/2010 FINANCIAL OPERATIONS
Cost Overrun for Maurel?

France’s BNP Paribas bank is mounting a bond issue convertible into shares and globally worth EUR 60 million for the French oil company Maurel & Prom. (...) [220 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°632 - 14/07/2010 FINANCIAL OPERATIONS
Contour’s Bankers

The U.S. group ContourGlobal is in the process of borrowing USD 82. (...) [124 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°631 - 30/06/2010 FINANCIAL OPERATIONS
Maersk Fires First Shot

One year after Denmark’s Maersk Oil filed its complaint (AEI 612), arbitration proceedings regarding Algeria’s windfall tax on exceptional oil profits opened discreetly in Washington last week. (...) [198 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°631 - 30/06/2010 FINANCIAL OPERATIONS
EIB Backs Interconnection

The EU-Africa Infrastructures Trust Fund managed by the European Investment Bank is to put up EUR 800,000 towards a pre-investment study on a future 220 kV transmission line between Kibuye in Rwanda and Goma in Democratic Republic of Congo. (...) [214 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010 FINANCIAL OPERATIONS
Petrolin Bets on Surstream

According to our sources, the Switzerland-based company owned by Samuel Dossou, Petrolin, recently bought a 10% holding in the British firm Surestream. (...) [146 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010 FINANCIAL OPERATIONS
LOHL an Empire Builder

Having already snapped up RoyalDutch/Shell’s service stations in Ethiopia, Eritrea, Djibouti and Sudan in 2008, the sovereign fund Libya Oil Holdings Ltd (LOHL, formerly Tamoil Africa) is now thinking of buying the rest of Shell’s network throughout Africa. (...) [205 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010 FINANCIAL OPERATIONS
Slap on Wrist for KLM

The freight division of the Dutch airline KLM, part of Air France-KLM group, was fined in early June by the U. (...) [113 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°629 - 02/06/2010 FINANCIAL OPERATIONS
EU Casting a Wide Net

With the European Union’s new commissioner for development, Andris Piebalgs, directing operations (he had previously been energy commissioner), Brussels is committing itself increasingly to the power sector in Africa. (...) [172 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010 FINANCIAL OPERATIONS
Fines Total Over USD1 Bn

On the heels of Technip and KBR (AEI 632), Italy’s Snamprogetti group negotiated the payment of a fine two weeks ago to the U. (...) [169 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010 FINANCIAL OPERATIONS
Funding for Puntland Well

The Canadian firm Africa Oil Corp has moved to raise a total of USD 25 million in two separate cash infusions, on July 20 and at the end of the month. (...) [215 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°632 - 14/07/2010 FINANCIAL OPERATIONS
More Power Sharing

The U.S. Agency for International Development (USAID) announced in Kigali on June 29 that it was launching a Powering Progress initiative worth USD 2. (...) [198 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°632 - 14/07/2010 FINANCIAL OPERATIONS
India to Finance Power Grid

In late June the president of the Export Import Bank of India’s board, Venkat Subramanian, met with the director of Mozambique’s Treasury Department, Antonio Laice, in Maputo to sign an agreement concerning a USD 25 million loan. (...) [141 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°631 - 30/06/2010 FINANCIAL OPERATIONS
Funding for Giant Station

A meeting of Mauritania’s partners in Brussels on June 22-23 came up with a result that “exceeded the hopes” of prime minister Moulaye Ould Mohamed Laghdaf. (...) [126 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°631 - 30/06/2010 FINANCIAL OPERATIONS
Range Finances its Wells

A partner of Africa Oil and Lion Energy on the Dharoor block in Puntland (Africa Oil owns 65% and Lion 15% of the concession) Range Resources needs to finance its share in drilling the first well in the breakaway province by the end of the year. (...) [117 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010 FINANCIAL OPERATIONS
Wraps on Finances

Named last month, Algeria’s new energy minister, Youcef Yousfi, has instructed the new management of Sonatrach to avoid giving the least indication of the company’s operations as long as a criminal investigation into the former executive board hasn’t been wound up (AEI 628). (...) [71 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010 FINANCIAL OPERATIONS
Globeleq in New Azito Play

After buying Electricite de France’s holding in the Azito power plant in Ivory Coast in April, Britain’s Globeleq group has acquired the stake of the ABB Equity Ventures fund in the facility, or 32. (...) [142 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°629 - 02/06/2010 FINANCIAL OPERATIONS
USD 1 Billion for Perenco

Revealed by Africa Energy Intelligence last November ( No. (...) [182 words] [$1.8]

AFRICA ENERGY INTELLIGENCE n°629 - 02/06/2010 FINANCIAL OPERATIONS
GEM Bankrolls Juniors

GEM Global Yield Fund, one of a number of funds managed by Switzerland’s Global Emerging Markets, has just opened a EUR 200 million credit line for the Kampac group owned by Ghanaian businessman Charles Ampofo. (...) [230 words] [$1.8]

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