Investment funds have a choice between two strategies when they wish to benefit as much as possible from the continuing rise in the oil price. The first, and most widely practiced, method consists of buying minority stakes in oil companies [.
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Chinese prime minister Wen Jiabao began a tour of Africa this week on the heels of president Hu Jintao and [...]
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Under investigation since last year by the FBI for allegedly accepting bribes from companies wishing to be introduced in influential [...]
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With the G-8 summit meeting in St. Petersburg looming large - it will start on July 15 - Russia announced [...]
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Nigerian president Olusegun Obasanjo and his Cameroon counterpart, Paul Biya, put their names in New York on June 12 to [...]
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Africa Energy Intelligence understands South Atlantic Petroleum wasn’t the only group to try to prevent its concession from being awarded [...]
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Taking its cue from Glencore and VItrol, the Petrodel trading company headed by Michael Prest is moving into the exploration sector.
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The American group has just won the contract to restore the Camel complex in Arzew but is having trouble finalizing a bigger deal in Skikda.
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Like Morocco, Tunisia has become a testing ground for new oil reconnaissance technology.
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After crossing swords for three years with Grynberg Petroleum, the Central African Republic is on the point of extending the company’s concession in the northern part of the country.
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Congo-B’s creditors are working with traders and private investigators to get Brazzaville to pay off its debt in oil.
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The Australian company operating in Puntland has just brought the president’s nephew into its business.
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Sudan’s new national oil commission is to shortly hand out its first licenses.
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Oil companies are lining up to acquire acreage in the Majunga basin on Madagascar’s west coast.
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After merging his firm Rigo Oil with the Canadian concern [...]
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Ivory Coast’s block CI 202 has a new owner after [...]
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The Nigerian government has frozen the sale of oil produced [...]
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A consortium headed by RoyalDutch/Shell and Chevron has just issued [...]
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The chief executive of South Africa’s PetroSA indicated during a [...]
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The British explorer Afren last week acquired all of the [...]
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Perenco-REP, the Congolese affiliate of the French-British firm Perenco, inaugurated a 14.5 MW power plant at Kinkasi near Moanda in [...]
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The World Bank plans to invest in Guinea’s power sector in the hope that its outlay will attract private operators.
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Agip, an affiliate of Italy’s ENI, is to supply gas to a power plant controlled by the Rivers state government.
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After trying in vain to land contracts in Sudan, Austria’s VA Tech is going to work with the Italian group Salini in Ethiopia.
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The Ethiopian Electric Power Corporation has just signed a contract [...]
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A visit by Zimbabwe vice president Joyce Mujuru to China [...]
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Africa Energy Intelligence has learned that France’s Maurel & Prom is thinking of floating shares of its oil services unit, [...]
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The Australian oil group Baraka Petroleum has retained the Royal Bank of Canada to raise nearly $27 million to finance [...]
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The trust fund for infrastructure in Africa that was recently set up by the European Commission and European Investment Bank [...]
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According to our sources, the Societe Mauritanienne des Hydrocarbures (SMH), the new Mauritanian oil company, recently received a letter from [...]
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First Australian Resources has just raised $9.2 million on the Australian Stock Exchange to finance commitments on its licenses, particularly [...]
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The British group First Africa Oil, which is partly owned by South Africa’s Energem, has just raised $45.7 million to [...]
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A government re-shuffle on May 30 did away officially with the post of prime minister and strengthened the political hand [...]
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The state-owned oil group Sonatrach has just replaced Ali Hached, vice president in charge of marketing and the real number [...]
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Director of the National Petroleum Corporation of Namibia (Namcor) since 1997, Joseph Mazeingo died in Windhoek on June 2. A [...]
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A former head of Globeleq’s operations in Africa, Torbjorn Caesar has been named chief executive of the group in succession [...]
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Deputy managing director of the Societe Anonyme Marocaine de Raffinage (SAMIR), an affiliate of the Midroc group headed by Saudi [...]
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Libya’s National Oil Corporation will organize its third international licensing [...]
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Sonatrach and Kawasaki Shipbuilding formed a joint venture named New [...]
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Sudan’s state-owned oil company Sudapet appears likely to profit when [...]
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Morocco’s Office National des Hydrocarbures et des Mines (formerly ONAREP) [...]
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Even before anybody has found oil in Madagascar, the World [...]
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A Liverpool-based accountancy, Duncan Sheard Glass, conducted the financial audit [...]
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Mediterranean Oil and Gas, which recently acquired a 25% holding [...]
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Global Pacific Partners is organizing a week-long conference on the [...]
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EnergyNet is organizing a forum on Africa’s power sector at [...]
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