What are the main issues in Mozambique's elections?
Next week, Mozambicans are voting in legislative and presidential elections. It is almost certain that the Frelimo Party will extend its half-century in power. The party has been fighting a longstanding Islamist insurgency within one of Africa's biggest gas fields. Daniel Chapo is the candidate of the ruling party and a former law professor. He will replace Filipe Nyusi, who was previously a radio announcer.
Andy Home: Nickel market is no longer worried about Russian supply
The market has shrugged off the suggestion by Russian President Vladimir Putin that Moscow could consider capping nickel exports in retaliation to Western sanctions. The London Metal Exchange's (LME) 3-month price managed to make a slight bounce above the $16,000 per metric ton mark, but momentum is fading. It's a long way from the first Russian invasion of Ukraine in February 2022. The fear that sanctions could be imposed on metal produced by Russian giant Norilsk Nickel sparked a massive rally in 2022…
Africa: Strong Scope for Offshore Licensing in 2020
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context.Eight licensing rounds are open or have closed in Africa during the quarter and going forward 13 countries may offer acreage in 2020, said a report by GlobalData.Toya Latham Upstream Oil & Gas Analyst at GlobalData said: “The year has held mixed fortunes for those hosting licensing rounds in Africa.
Madagascar Opens Fresh Offshore Licensing Round
Island nation Madagascar puts 44 blocks in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy State through OMNIS continues to promote projects that attract new private investment in the short, medium and long term.The state regulator OMNIS, together with TGS and BGP…
Essar Wins Indian Oil Pipeline Replacement Contract
Essar Projects, a leading Engineering Procurement & Construction (EPC) company, today announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diametre in the Koyali-Viramgam section of Indian Oil Corporation’s (IOCL) Koyali-Sanganer pipeline. The contract is valued at more than INR 850 million, exclusive of the cost of pipes, which are being supplied by IOCL. Originating at IOCL’s Gujarat Refinery in Koyali…
OMV Will Keep Refineries Out of Asset Swap
Austrian energy company OMV will exclude its refineries from an asset swap being negotiated with Russia's Gazprom, its chief executive told staff at its main refinery on Wednesday, a person familiar with the matter said. OMV and Gazprom have for months been working towards a deal under which OMV would take a stake in the Urengoy gas field in Siberia, but no details have emerged on what assets OMV -- central Europe's biggest energy group -- might offer in return.
GS Caltex Buys Rare West African Crude Cargo
GS Caltex to buy 920,000 barrels of West African crude; first West African shipment in almost a year. South Korea's GS Caltex Corp is set to receive its first shipment of West African crude in almost a year as the country looks to diversify supply away from the Middle East. The purchase will help soak up a glut of supply among West African producers, who have been hit as the U.S. shale oil boom curbs demand in what was once their main market and as OPEC Gulf states boost supply.
Completion Of 2D Seismic Acquisition Programme - Somalia
Soma Oil & Gas Exploration Limited, the Somalia focused oil and gas exploration company, announced the completion of its offshore seismic acquisition programme which commenced in February 2014. The seismic acquisition programme was carried out by SeaBird Exploration (“SeaBird”) and concluded in June 2014 with over 20,500 km lines of 2D seismic data having been acquired across a 122,000 sq km offshore evaluation area. The processing of the seismic data is expected to take until late 2014 to complete.
Eastern Africa: The Emerging Oil and Gas Frontier
With a 35+year track record in and on Africa, Global Pacific & Partners hosts this landmark meeting on Eastern Africa. Now in its 5th year, Global Pacific & Partners invites you to this annual event held in Nairobi, Kenya, providing unrivalled new insights into the upstream opportunities, open acreage, bid rounds, new ventures, oil/gas investments, key upstream players, and corporate/government strategies in this vast region of fifteen countries covering onshore and offshore potential…
Malagasy Navy Undergoes Antipiracy Training
Global business risk consultancy Drum Cussac Ltd. delivered an antipiracy training program for the Malagasy Navy at the Naval Base in Diego Suarez, Madagascar. It is the first time that a private company has been permitted to partner with the Malagasy Navy. A team of Drum Cussac’s skilled and experienced risk management consultants worked closely with thirty Malagasy Naval personnel to enhance the Navy’s anti-piracy capability when operating in an offshore environment.
