featured - Africa’s premier report on the oil, gas and energy landscape. - Page 245

All posts tagged featured

NDPR in Bed with the South Sudanese

By McJohn Adjoto, in Lagos

“Our Mission to East Africa Just Begins”-Fatona

Nigerian independent, Niger Delta Petroleum Resources(NDPR), has formed a joint venture with Nile Petroleum Corporation, the South Sudanese state hydrocarbon company.

→   Read the rest of this entry

GE Delivers Mobile Gas Turbines for Port Harcourt Refinery

American Contractor General Electric (GE) has completed the supply and installation of three 25-megawatt (MW), trailer-mounted, TM2500+ aeroderivative gas turbines to generate uninterrupted power at the 210,000 barrels per day capacity Port Harcourt refinery in Nigeria’s Rivers State. The supply was made through Genesis Electricity Limited, an independent power producer.

→   Read the rest of this entry

Consortium Concludes Exit from Ghanaian Acreage

Azonto is the last of the three partners to exit the Offshore Accra Block in Ghana.

→   Read the rest of this entry

Algeria’s Revenue Plunges Deeper

Algeria earned $58.5billion from its exports of hydrocarbons in 2014, down from $63.8 billion in 2013, which itself was lower than $69.8 billion in 2012.

→   Read the rest of this entry

South Africa Opens Door to Natural Gas Import

By Toyin Akinosho

Country will require over 2Bcf/d of gas for electricity by 2019

South Africa expects to generate close to 8,000MW of gas fired electricity by 2019, to go by separate declarations from President Jacob Zuma and the office of the Independent Power Producer (IPP).
This quantum of power will require at least two Billion cubic feet of gas per day which, with the country’s current gas reserves status, will have to be imported.

“Given the high cost of diesel“, the president told the country’s Parliament, “Eskom has been directed to switch from diesel to gas as a source of energy for the utility’s generators”. Later in the state of the nation address, Zuma declared that the “procurement process for 2,400 megawatts of new gas-fired generation will commence in the first quarter of the new financial year that starts April 1, 2015”.
The February 13 speech officially ended the tone of anxiety in the public discussion about gas imports to South Africa. The country has little proven gas resource, but until now had dithered about gas imports; preferring to spend billions of dollars on diesel to fuel  four of Eskom’s 27 operating power plants: Acacia, Ankerlig, Gourikwa (in the Western Cape Province) and Port Rex (Eastern Cape), all of which were designed to utilize natural gas.

At a gas conference after Zuma’s address, the Independent Power Producer (IPP) Office announced it would release a request for information (RFI) in March 2015 for domestic gas to power projects, to preface a possible 3,000 MW tender that should arise before end of 2015.
Between the four Eskom operated 2,426MW combined capacity OCGT plants, the 2,400MW proposed gas fired plant announced by President Zuma and the 3,000MW capacity that will be added by the planned IPP tender, South Africa should be running 7,826MW of gas-fired plant capacity by 2019. This will require at least two Billion cubic feet of gas per day.

South Africa is potentially Africa’s largest domestic gas market. The government’s hope is that gas imports will help to kickstart the gas market, (including Gas to Liquid, Gas Transportation, Gas to households, Gas to Industry, etc) of which Gas to Power sector will be the anchor industry.
Full report and analysis of the gas import investment opportunity provided by this country’s new approach to gas to power is published in the February 2015 issue of the Africa Oil+Gas Report.

Ghana: MTA Development to Be Submitted in 2015

Fourth field development sanction since 2009

Kosmos Energy reports that “a plan for the full field development of MTA is expected to be presented to the Government of Ghana in 2015”.

→   Read the rest of this entry

Midwestern Wants To Acquire Mart Resources

By Sully Manope, in Lagos

Commences a private placement to finance the acquisition

Nigerian independent Midwestern Oil and Gas, has made an unsolicited bid to acquire the Toronto Listed Mart Resources.

→   Read the rest of this entry

Ogbele Produced 45 Million Litres of Diesel in Three Years

By McJohn Adjoto

Mini refinery earned close to $13Million in 2014

The Mini refinery located on the Ogbele marginal oil and gas field in eastern Nigeria has produced over 45 Million litres of diesel since it was commissioned in December 2011.

→   Read the rest of this entry

Seplat Shuts Down Oben for Gas Capacity Boost

By McJohn Adjoto

…will temporarily crimp fuel supply to Geregu Power Plant in Northern Nigeria

Seplat has announced that its joint venture with state hydrocarbon company NPDC has shut-down the Oben gas plant to enable tie-in of its expansion unit with the existing plant.

→   Read the rest of this entry

Tougher Luck for Anadarko Onshore Mozambique

By Sa’ad Bashir, East Africa Correspondent

A renowned basin opener runs into a hurdle

Anadarko is finding it harder to get a handle on the onshore Rovuma Basin the way it figured out the offshore segment.

→   Read the rest of this entry

© 2024 Festac News Press Ltd..