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Energy

Congo
Impatient Glencore badgers Brazzaville to pay debt

The Congolese state still owes the Swiss trader $349m, but its ability to keep up payments is shrinking.

Subscribers only Finance, Energy 20.12.2024

Spotlight | Niger
Niger junta seeks €100m in back taxes and late fees from CNPC arm

General Abdourahamane Tchiani at the the first Alliance of Sahel States summit in Niamey, Niger, 6 July 2024. © Issifou Djibo/EPA/MAXPPP

Subscribers only Energy 19.12.2024

Nigeria
Nigerian carbon credits leader banks on oil sector

Gas flaring near Port Harcourt, Nigeria, in 2009. © Pius Utomi Ekpei/AFP

Free access Finance, Energy 19.12.2024

SPIE brand logo in France, on 19 November 2019. © IP3 PRESS/MAXPPP

Angola, Congo, Gabon
SPIE's oil troubles

The French energy and telecoms giant is struggling to maintain its subcontracting work with oil companies in Africa. It has been directly accused of responsibility for the deadly fire on the Becuna platform in Gabon in March and faces other problems elsewhere in the wider region.

Subscribers only Energy 18.12.2024

CEO of Nigerian National Petroleum Corp, Mele Kyari, in Houston, Texas, on 19 March 2024. © Mark Felix/AFP

Nigeria
Mele Kyari set to remain at helm of oil giant NNPC

The CEO of the Nigerian National Petroleum Corp looks set to remain in his post for the coming months after all. Despite pressure and rumours, this survivor of the previous administration still enjoys the support of the president.

Subscribers only Energy 13.12.2024

Congolese Prime Minister Judith Suminwa Tuluka at the COP29 Climate Conference in Baku, Azerbaijan, on 13 November 2024 © Sean Gallup/Getty Images via AFP

Spotlight | DRC
Kinshasa's secret $150m deal with Dig Oil

Judith Suminwa Tuluka's government is caught up in a draft agreement signed in 2023 with the South African junior that was meant to put an end to a long legal dispute.

Subscribers only Energy 11.12.2024

Central Africa
CEMAC leaders still hopeful operators will reach rehabilitation fund deal

The presidents of the sub-region have given oil and mining operators until April to find common ground with the bloc's central bank on the repatriation of their rehabilitation funds. Until then, negotiation talks will be held on a monthly basis.

Subscribers only Energy 19.12.2024

Nigeria
NNPC set to finalise new $2bn oil-backed loan

For the second time this year, Nigeria's national oil company has turned to the oil trading houses to help it find fresh funds. Following the criticism generated by the first operation, however, it has been more discreet about the new one.

Subscribers only Energy 18.12.2024

DRC
DRC Congo banks consolidate oil company debt repayment mechanism

The financial package this time involves $282m from the massive subsidy lines for petroleum products designed to keep pump prices in check.

Subscribers only Finance, Energy 18.12.2024

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

The International Monetary Fund is unlikely to release its third instalment of aid, depriving Bangui of around $20m. At issue is the Cameroonian company Neptune Oil's monopoly on fuel imports and its pump prices, deemed exorbitant.

Subscribers only Energy, Diplomacy 17.12.2024

Mozambique
TotalEnergies to delay resumption of Mozambique LNG until mid-2025

The French major is not intending to relaunch its LNG project until May or June of next year. And then only if it receives financial guarantees from US Exim Bank, whose new board is set to be appointed by president-elect Donald Trump in January.

Subscribers only Energy 13.12.2024

Namibia, South Africa
Oil junior Eco Atlantic prepares to sell stakes in Orange and Walvis basins

The Canadian oil and gas firm is trying to rustle up interest from industry leaders for its assets in South Africa and Namibia, the goal being to start selling shares in its blocks next year.

Subscribers only Energy 12.12.2024

Tanzania, Uganda
TotalEnergies heads to Dar es Salaam and Kampala in last-ditch bid to clinch EACOP finance deal

For months, the French oil major has been tussling with its Ugandan and Tanzanian partners over the financing of the East African Crude Oil Pipeline. Its head of exploration and production has been dispatched to find a compromise by 19 December.

Subscribers only Energy 12.12.2024

Ivory Coast
Swiss trader Oryx Energies signs huge deal on Baleine oilfield with PETROCI

The agreement is worth several hundred million dollars.

Subscribers only Energy, Commodity traders 12.12.2024

DRC
Perenco hit with two state-mandated audits

The Congolese hydrocarbon ministry has commissioned two companies to carry out detailed audits of Franco-British energy company Perenco's oil business in the country. These reports should shed light on the firm's actual oil production, as well as its environmental impact.

Subscribers only Energy 11.12.2024

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Energy

Congo
Impatient Glencore badgers Brazzaville to pay debt

Spotlight | Niger
Niger junta seeks €100m in back taxes and late fees from CNPC arm

Nigeria
Nigerian carbon credits leader banks on oil sector

Angola, Congo, Gabon
SPIE's oil troubles

Nigeria
Mele Kyari set to remain at helm of oil giant NNPC

Spotlight | DRC
Kinshasa's secret $150m deal with Dig Oil

Central Africa
CEMAC leaders still hopeful operators will reach rehabilitation fund deal

Nigeria
NNPC set to finalise new $2bn oil-backed loan

DRC
DRC Congo banks consolidate oil company debt repayment mechanism

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

Mozambique
TotalEnergies to delay resumption of Mozambique LNG until mid-2025

Namibia, South Africa
Oil junior Eco Atlantic prepares to sell stakes in Orange and Walvis basins

Tanzania, Uganda
TotalEnergies heads to Dar es Salaam and Kampala in last-ditch bid to clinch EACOP finance deal

Ivory Coast
Swiss trader Oryx Energies signs huge deal on Baleine oilfield with PETROCI

DRC
Perenco hit with two state-mandated audits

Ivory Coast
Sonangol maintains foothold in Ivory Coast despite divestment

Spotlight | Niger
Chinese major CNPC's relations with junta still fraught

Africa
Fresh start for Trafigura's former oil trading director for Africa

Nigeria
Oriental Energy finally gets its floating unit for Okwok field

South Africa
PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

Kinshasa's pan-African plans for Grand Inga

Cabo Delgado: a gas Eldorado and security nightmare

East Africa's hotly contested coffee sector

Energy

Congo Impatient Glencore badgers Brazzaville to pay debt

Spotlight | Niger Niger junta seeks €100m in back taxes and late fees from CNPC arm

Nigeria Nigerian carbon credits leader banks on oil sector

Angola, Congo, Gabon SPIE's oil troubles

Nigeria Mele Kyari set to remain at helm of oil giant NNPC

Spotlight | DRC Kinshasa's secret $150m deal with Dig Oil

Central Africa CEMAC leaders still hopeful operators will reach rehabilitation fund deal

Nigeria NNPC set to finalise new $2bn oil-backed loan

DRC DRC Congo banks consolidate oil company debt repayment mechanism

Central African Republic IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

Mozambique TotalEnergies to delay resumption of Mozambique LNG until mid-2025

Namibia, South Africa Oil junior Eco Atlantic prepares to sell stakes in Orange and Walvis basins

Tanzania, Uganda TotalEnergies heads to Dar es Salaam and Kampala in last-ditch bid to clinch EACOP finance deal

Ivory Coast Swiss trader Oryx Energies signs huge deal on Baleine oilfield with PETROCI

DRC Perenco hit with two state-mandated audits

Ivory Coast Sonangol maintains foothold in Ivory Coast despite divestment

Spotlight | Niger Chinese major CNPC's relations with junta still fraught

Africa Fresh start for Trafigura's former oil trading director for Africa

Nigeria Oriental Energy finally gets its floating unit for Okwok field

South Africa PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Congo
Impatient Glencore badgers Brazzaville to pay debt

Spotlight | Niger
Niger junta seeks €100m in back taxes and late fees from CNPC arm

Nigeria
Nigerian carbon credits leader banks on oil sector

Angola, Congo, Gabon
SPIE's oil troubles

Nigeria
Mele Kyari set to remain at helm of oil giant NNPC

Spotlight | DRC
Kinshasa's secret $150m deal with Dig Oil

Central Africa
CEMAC leaders still hopeful operators will reach rehabilitation fund deal

Nigeria
NNPC set to finalise new $2bn oil-backed loan

DRC
DRC Congo banks consolidate oil company debt repayment mechanism

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

Mozambique
TotalEnergies to delay resumption of Mozambique LNG until mid-2025

Namibia, South Africa
Oil junior Eco Atlantic prepares to sell stakes in Orange and Walvis basins

Tanzania, Uganda
TotalEnergies heads to Dar es Salaam and Kampala in last-ditch bid to clinch EACOP finance deal

Ivory Coast
Swiss trader Oryx Energies signs huge deal on Baleine oilfield with PETROCI

DRC
Perenco hit with two state-mandated audits

Ivory Coast
Sonangol maintains foothold in Ivory Coast despite divestment

Spotlight | Niger
Chinese major CNPC's relations with junta still fraught

Africa
Fresh start for Trafigura's former oil trading director for Africa

Nigeria
Oriental Energy finally gets its floating unit for Okwok field

South Africa
PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air