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Africa Energy Intelligence/Search a Section

OIL

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
ZAMBIA
Key Tank Farm at Livingstone

On Sept. 6, Britain’s David Weatherall, chairman of the U.K. concern EBFI, will unveil his project for a strategic tank farm on the outskirts of Livingstone in southern Zambia to Zambia’s government. (...) [206 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
CONGO-K
ENI Takes its Revenge

After being snubbed when it knocked on Congo-K’s door last year (AEI 610), ENI has made a triumphant return by acquiring 55% of the Ndunda concession operated by Surestream in the country’s coastal basin zone. (...) [266 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
UGANDA
Short End of Stick for Regions

Under a new draft petroleum law which Africa Energy Intelligence has seen, the Kampala government intends to keep 85% of royalties for itself and hand just 15% to regional and local governments. (...) [252 words] [FREE]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
NIGERIA/IVORY COAST
Strains in MRS- Petroci Tandem

The Nigerian concern MRS and Ivory Coast’s Petroci still haven’t got Corlay SA, the joint company they set up last year to acquire service stations owned by Chevron Africa Holding Ltd. (...) [277 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
ALGERIA
Bidding Round at Year’s End

Energy and mines minister Youcef Yousfi announced last week that Algeria would shortly kick off a third international licensing round for exploration acreage. (...) [234 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
NIGER
Question Over Agadam Reserves

The China National Petroleum Corp. (CNPC), operator of the Agadem field, has identified around 20 new pockets of oil in the area since 2008. (...) [206 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°634 - 01/09/2010
GHANA
Fight Narrows Down for Giant Jubilee Field

After a year of squabbling with Ghana’s government, ExxonMobil has finally dropped the idea of laying out USD 4 billion for Kosmos Energy’s assets in Ghana, and particularly for its shares in the huge Jubilee field that is due to produce 120,000 bpd starting from next year. (...) [689 words] [$9.5]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
AFRICA
How Vitol is Making its Way in Africa

Long the “third man” in trading in Africa, Vitol is now competing on an equal foot with its two rivals, Trafigura and Glencore, which fought among themselves for years for oil business on the continent. (...) [650 words] [$9.5]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
WEST AFRICA
Sahara a State Trader

The Liberia Petroleum Refining Corporation called on the services of the Nigerian trader Sahara on July 22 to manage a contract for the purchase of 20,000 bpd of crude at preferential rates from the Nigeria National Petroleum Company. (...) [193 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
SENEGAL/GUINEA BISSAU
Technology Trial for New Well

South Africa’s Ophir and the Norwegian firm Rocksource, which hold stakes on the AGC Profond block in the joint development zone (JDZ) between Senegal and Guinea Bissau, have signed an accord with Maersk to drill a first well on the acreage to a depth of 2,600 meters in early 2011. (...) [246 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
UGANDA
Oil Firms Want to Change Law

According to our sources, the head of the brand new Uganda Chamber of Mines and Petroleum(UCMP), Elly Karuhanga, is endeavoring to modify a draft oil bill that will go before Parliament in the coming two months. (...) [220 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
CONGO-K
Mere Striplings, but with 2 Blocks

Africa Energy Intelligence has checked the registry of corporate affairs in the British Virgin Islands to find that Caprikat Ltd and Foxwhelp Ltd. (...) [322 words] [FREE]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
CONGO-K
Soco Focuses on Lake Edward

Even though Britain’s Soco had just begun in July to drill its first well on the Ngazi block in Congo-K the firm announced on July 15 it had sold 20% of its stake on the acreage to Japan’s Inpex Corp. (...) [255 words] [$5.4]

AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
MADAGASCAR
Ophir Tracks Trend to Mozambique

Ophir officially became operator on block 2102 in Madagascar following a final encounter with officials from the Office des Mines Nationales et des Industries Strategiques (OMNIS) on July 9. (...) [191 words] [$5.4]

AEI n°634 - 01/09/2010
MOZAMBIQUE

ENH Debuts in Sofala
Long operated by the U.S. group Terralliance, inventor of the mysterious “natural (...)

[73 words] [$1.8]

AEI n°634 - 01/09/2010
LIBYA

GB to Pull Out
After drilling three dry wells, BG is reportedly about to withdraw from Libya and (...)

[145 words] [$1.8]

AEI n°634 - 01/09/2010
GAMBIA

Buried Hill Finds a Partner
Frank Timis is extending his operations in Africa. (...)

[156 words] [$1.8]

AEI n°633 - 28/07/2010
SAO TOME AND PRINCIPE/NIGERIA

Total Replaces Chevron on JDZ
As we anticipated would be the case last month (AEI 631), France's Total reached (...)

[126 words] [$1.8]

AEI n°633 - 28/07/2010
ZAMBIA

Explorers Still Waiting for Licenses
According to our sources, the seven oil companies chosen in a first licensing round (...)

[91 words] [$1.8]

AEI n°633 - 28/07/2010
NIGERIA

Afren Buys out EER Nigeria Acreage
The British oil company Afren has boosted its stake on Nigeria’s OML 115 from 3 (...)

[80 words] [$1.8]

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