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Guinea: New owners for Nimba iron ore deposit

The government has approved a deal for private US company High Power Exploration (HPX) to acquire the 95% interest in the Nimba iron ore deposit held by BHP, Newmont Goldcorp and French nuclear power group Orano (the former Areva).HPX is run by...

Gabon: Dussafu drilling

BW Offshore’s DHIBM-1 well on the Dussafu licence has encountered hydrocarbons in the main well bore. Announcing its H1 results on 30 August, the company said well logging was continuing and a sidetrack well was planned. The main aim of the well...

Egypt: Zohr reaches target 2.7bcf/d production

Eni announced on 21 August that the Zohr gas field had reached the target plateau production of 2.7bcf/d set out in the plan of development five months ahead of schedule. A second 216km, 30-inch pipeline connecting the offshore subsea production...

Zambia: USTDA grant for Upepo Energy Zambia study

The US Trade and Development Agency announced on 9 August the award of a grant to Upepo Energy Zambia to fund a feasibility study for a 150MW wind, solar and energy storage hybrid power plant project in northern Zambia. The study, which will be...

Currency shifts begin to affect business in Côte d’Ivoire and beyond

The postponement of an infill drilling programme to expand production from the offshore Espoir field on Block CI-26 raised concerns in the industry when Canadian Natural Resources (CNR) announced the move in early August. In its Q2 2019 results...

UAE: Candidates line up for October FMC election

Emiratis are preparing for their next experience of limited participatory politics with elections for the advisory Federal National Council (FNC) taking place until 5 October. The National Election Committee (NEC) opened at least one candidate...

Kuwaiti corruption clamp-down

The authorities have been showing signs of clamping down on excesses by those in power – always a key theme in Kuwaiti politics where a series of high-profile corruption cases in the past few years involving the highest-level civil servants and...

Dubai: Grandiose airport project stalls

Work has stopped on Al-Maktoum International Airport (also known as Dubai World Central), whose mega-expansion would eventually bring design capacity to 260m passengers a year. Bloomberg reported that Dubai’s decision to halt construction...

South Africa: Bigger losses, bigger bailouts at Eskom

Eskom has reported a net loss after tax of R20.7bn ($1.4bn) for the year to March 2019, up from R2.3bn for the year to March 2018. While expenditure was reduced by R9.9bn, this was less than the targeted R10.6bn and was fully absorbed in...

Genel Energy farmout plans

Genel Energy plans to farm down its 75% interest in the SL-10B and SL-13 blocks onshore Somaliland. In its H1 results on 6 August, Genel said interpretation of the 2018 2D seismic data together with continued basin analysis has led to the...

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