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Congo

Magindustries Raises Finance

Canada’s Magindustries raised $Can 20.2 million on the Toronto Stock [...]

Subscribers only Mining 29.08.2006

Spotlight
Beijing On The Move

Chad’s decision to dump Taiwan and recognize Beijing this summer - it was one of the last African nations to maintain diplomatic ties with Taipei - will reshuffle the oil cards in the region. It ought to allow Chinese oil [...]

Subscribers only Energy 22.08.2006

Soco Fleshes Out Portfolio

Britain’s Soco group has just acquired concessions in Congo-K and Angola which present similar geological features to those on its concession in Congo-B.

Subscribers only Energy 22.08.2006

New Oil Account

To comply with a requirement by the World Bank and International Monetary Fund, Congolese president Denis Sassou-Nguesso announced that a [...]

Subscribers only Energy 22.08.2006

Touting Congo’s Gas

The lobbying concern of Congo-B president Denis Sassou N’Guesso in [...]

Subscribers only Energy 22.08.2006

Prestoil to Recover Concession

The Congolese Senate has agreed to re-examine the production sharing agreement with Prestoil.

Subscribers only Energy 18.07.2006

Elliott’s Gumshoes

Holding nearly $100 million in Congolese debt through the Kensington International financial vehicle, the American equity fund Elliott has set [...]

Subscribers only Energy 18.07.2006

How Creditors Operate

Congo-B’s creditors are working with traders and private investigators to get Brazzaville to pay off its debt in oil.

Subscribers only Energy 20.06.2006

Afren Takes Over Heritage’s Acreage

The British explorer Afren last week acquired all of the [...]

Subscribers only Energy 20.06.2006

Cliveden Bows Out

Despite its foothold on the Marine VII block, Switzerland’s Cliveden group failed to reach agreement on the acreage with Congo-B’s government.

Subscribers only Energy 23.05.2006

ENI Eyes New Power Plant

The Marine XII gas field could shortly begin supplying a power plant.

Subscribers only Energy 23.05.2006

Loik Le Floch-Prigent

Africa Energy Intelligence understands the disgraced former chief executive of Elf, Loik Le Floch-Prigent, was received last week by Congolese [...]

Subscribers only Energy 23.05.2006

Prestoil Back in Play

A production sharing agreement between France’s Prestoil and Congo’s government [...]

Subscribers only Energy 23.05.2006

Sinopec to Pull Out?

According to our sources, China’s Sinopec could give up the [...]

Subscribers only Energy 23.05.2006

Clackson Power Pushes its Plans

Already operating in Democratic Republic of Congo, South Africa’s Clackson power is promoting four power station projects with Congo-B’s government.

Subscribers only Energy 09.05.2006

M’Boundi’s Reserves Fall

A report by the geology firm Degloyer MacNaughton to be unveiled this week reports a 40% drop in reserves on the M’Boundi field, the leading asset of France’s Maurel & Prom.

Subscribers only Energy 18.04.2006

Cleaning Up Senelac’s Books

The World Bank has prepared a financial stabilization plan for Sinelac which operates the Ruzizi power station on the border between Rwanda and Burundi and in which Congo-K, Rwanda and Burundi hold stakes.

Subscribers only Energy 18.04.2006

I. C. Nwobodo

The director of trading operations at the Nigerian National Petroleum Company (NNPC) up to the end of the 1990s, the [...]

Subscribers only Energy 18.04.2006

Ups and Downs for Total

France’s Total drilled a dry well, Cassiopee Marine 1, on [...]

Subscribers only Energy 18.04.2006

Argument over M’Boundi

As Africa Energy Intelligence anticipated would be the case last June (AEI 396), Societe Nationale des Petrol du Congo (SNPC) [...]

Subscribers only Energy 04.04.2006

Charles Alain Obanga

The Congolese government has withdrawn the rights of Societe Nationale des Petrole du Congo (SNPC) to regulate the downstream sector [...]

Subscribers only Energy 04.04.2006

A Good Day in Court

A target for all of Congo-B’s creditors, the Societe National [...]

Subscribers only Energy 04.04.2006

Third Find on MTPS

Total, which operates the Mer Tres Profonde Sud concession in [...]

Subscribers only Energy 04.04.2006

Jean-Claude Hamel

President of the French football club AJ Auxerre (AJA) since 1963 and holding the concession for Renault Trucks in Auxerre, [...]

Subscribers only Energy 21.03.2006

Drops Congo Audit

Following a first-ever audit of Congo’s oil revenue by KPMG, [...]

Subscribers only Energy 21.03.2006

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