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Kosmos Energy is familiar with both assets and has been present in the licences since the exploratory phase several years ago. Subject to pre-empty rights, the transaction could increase the company’s interests in Jubilee to 42.1% and in TEN to 28.1%.
The provisional award gives the three companies the opportunity to explore next to their existing producing infrastructure on the Dussafu and Etame permits.
This is A.P. Moller Capital's second major deal within sub-Saharan Africa's power sector this year following its acquisition of Iberafrica from Naturgy in April.
With double-digit demand growth and soaring prices, LPG is the commodity of the year in West Africa. Nigeria in particular is experiencing a significant expansion of its clean cooking industry, slowed down only by limited infrastructure availability.
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Once completed, the new Donsin international airport will replace the current Ouagadougou-Taamsê International Airport.
Yesterday, the Gabon Power Company (GPC) signed a landmark Concession Agreement with Wärtsilä for the development, supply, construction, operation and maintenance of a new 120 MW gas-to-power project in Owendo, next to the capital city of Libreville.
The project represents a massive step forward for Angola’s downstream sector and aims at turning Barra do Dande into the country’s main platform for the receiving, storage and distribution of petroleum products.
Angola is currently sub-Saharan Africa’s most dynamic deep-water subsea market with majors such as TotalEnergies, Eni and BP involved in several subsea tiebacks and infill projects to maintain and increase output from existing production hubs.
The possible acquisition of the FPSO by Aker Energy happens as Ghana's Government moves to acquire an additional interest of 37% in the Deep Water Tano/Cape Three Points (DWT/CTP) Block to push the project forward.
Upon its acquisition, OML 17 had a production capacity of 27,000 boepd and 2P reserves of 1.2 bn barrels of oil equivalent (boe) according to Heirs Holdings' estimates.
DLE seeks to expand irs existing yards, acquire additional facilities and expand its service offering beyond Nigeria.
Large seismic programmes are currently being prepared offshore South Africa. They notably target the Orange Basin where TotalEnergies is about to spud Venus-1 (Namibia) and Azinam is about to spud Gazania-1 (South Africa).
Up in the Air
The 59 MW facility has been under construction since October 2020 and will be Djibouti's first utility-scale wind project and the country's first independent power producer (IPP).
South Africa remains the only African country developed enough that it can plan for an energy transition and decommission some of its power generation capacity to replace it with cleaner sources of electricity generation.
Lagos State is about to become the first issuer of a subnational green bond in Nigeria as it seeks to diversify its financing sources and support sustainable development across the state. On September 10th, its national long-term rating was upgraded to AAA by Fitch Ratings.
The opening of a new play concept in Côte d'Ivoire's sedimentary basin is very good news for a country where oil production has failed to meet expectations and has been dropping significantly in recent years.
After investing half a billion dollars into Senegal’s agriculture, the Millenium Challenge Corporation has committed another $550m into its electricity sector. Hawilti unpacks the U.S. Government's latest foreign aid programme.
Tower Resources Cameroon has finally found a farm-in partner to acquire a 49% non-operating working interest in the Thali production sharing contract (PSC) offshore Cameroon.
To date, 21 African countries have sold Eurobonds worth a combined total of over US$155 billion on international bond markets since 2006.