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OIL
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
ANGOLA
Dos Santos forced to share the cake
The ruling MPLA party won’t be in any danger of losing power in legislative elections at the end of this year but the day is fast approaching when Luanda will have to give others as bigger piece of Angola’s oil wealth. (...)
[666 words]
[$11,2]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
NIGERIA
Vultures fight over PPMC debt
A no-holds-barred fight could well be shaping up over the debt of Pipelines & Product Marketing Co. (PPMC) which holds the monopoly on imports of oil products in Nigeria and owes a total of $. (...)
[168 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
AFRICA
Gunvor seeks to consolidate gains
Founded and headed by Russia’s Gennady Timchenko, Gunvor is doing its utmost to remain the leading buyer of oil products refined by Societe Gabonaise de Raffinage (SOGARA). (...)
[304 words]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
IVORY COAST
Nigerians get the nod
President Alassane Ouattara seems particularly intent on encouraging Nigerian investment in Ivory Coast. Oil Minister Adama Toungara’s recent award of blocks CI-523, CI-504 and CI-501 to Taleveras looks very much like the natural upshot of a memorandum of understanding signed last Oct. (...)
[274 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
CHAD
Why Deby closed down Djermaya
Exasperated by a chronic shortage of oil products in N’Djamena and the rest of the country, president Idriss Deby has formally ordered the Djermaya refinery to cease operating on January 20. (...)
[439 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
SUDAN
Billionaire in Red Sea deal
Around 40 companies were represented at the Rotana Hotel in Khartoum on Jan. 15 when Sudan kicked off a new licensing round. (...)
[211 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°668 -
01/02/2012
SOMALIA
Puntland a pro-active oil player
Sixty percent owned by Africa Oil Corp, Horn Petroleum began drilling its first well, Shabeel 1, in the Dharoor basin on Jan. (...)
[242 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
MADAGASCAR
Exxon keeps eye on offshore
According to our sources, officials from the U.S. giant Exxon are expected in Madagascar in March to re-assess the political situation in the country. (...)
[262 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
SUDAN/CHAD
A first well in Darfur
Scheduled since late 2010, work on the first well drilled by Great Sahara Petroleum Operating Co. (GSPOC) on block 12A in the Darfur area is due start in early February. (...)
[315 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
NIGERIA
New fields up for sale
The Department of Petroleum Resources is going to offer Nigerian firms the opportunity to buy 22 fields on blocks operated by the majors. (...)
[212 words]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
NIGER
Fight for Tenere’s leftovers
Niger’s oil ministry has just pegged out four new licenses covering acreage relinquished by China National Petroleum Co. (CNPC) from the huge Tenere block north-west of Agadem. (...)
[280 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
AFRICA
Addax’s sales saga nears end
BNP-Paribas, the French bank handling the sale of Addax-Oryx’s trading and distribution business in Africa, received only two final offers when the deadline fell on Dec. (...)
[374 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
CONGO-K
Total lands block 3 at last
A week after his inauguration, Congo-K president Joseph Kabila honored his word by signing a decree allowing Total to operate block 3 in the country. (...)
[282 words]
[$7]
AFRICA ENERGY INTELLIGENCE n°667 -
18/01/2012
WEST AFRICA
Abuja: Turmoil in region’s gasoline market
Nigerian president Goodluck Jonathan promised to do it and he kept the pledge. On January 1, the government did away with subsidies on oil products sold in Nigeria, which amount to between 300,000-400,000 BOE. In response to demonstrations and strikes, Jonathan backtracked slightly on Jan. (...)
[669 words]
[$11,2]
AFRICA ENERGY INTELLIGENCE n°666 -
04/01/2012
WEST AFRICA
African Petroleum pulls out all the stops
With fellow oil companies finding it hard to land contracts, the junior African Petroleum founded by Frank Timis, an Australian of Romanian origin, has been winning a raft of new concessions in West Africa’s offshore. In the space of just two years, the company has landed acreage in Sierra Leone, Liberia, Gambia and - more recently- in Senegal and Ivory Coast. (...)
[695 words]
[$11,2]
AFRICA ENERGY INTELLIGENCE n°666 -
04/01/2012
AFRICA
Oryx Group about to be sold
The four companies shortlisted to bid for the distribution and storage assets of Addax & Oryx Group had until Dec. (...)
[348 words]
AFRICA ENERGY INTELLIGENCE n°666 -
04/01/2012
MAURITANIA
Battle for block 6
The third period of exploration on block six near Nouakchott is due to run out for Petronas early in the new year. (...)
[235 words]
[$7]
n°668 -
01/02/2012
NIGER
Timis and friends in exploration bids
According to our sources, officials from International Petroleum (a subsidiary of (...)
[120 words]
[$2,1]
n°668 -
01/02/2012
CONGO-K
Total wins its exploration license
Congolese oil and gas minister Celestin Mbuyu Kabango has delivered the final open (...)
[68 words]
[$2,1]
n°667 -
18/01/2012
CONGO-K
Pluspetrol on the right track
Executives from Argentina's Pluspetrol appear virtually certain to buy out Glencore’s (...)
[138 words]
[$2,1]
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n°668 - 01/02/2012
n°668 - 01/02/2012
n°667 - 18/01/2012