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Carlyle backs new Heavey venture

Tullow Oil veterans Aidan Heavey and Tom Hickey have won backing from The Carlyle Group for a new company targeting acquisitions of up to $1bn, focusing on oil and gas assets across sub-Saharan Africa. Carlyle Group said on 1 October that Boru...

Maurel & Prom: New CEO

Maurel & Prom has named former Total executive Olivier de Langavant to replace Michel Hochard as chief executive. De Langavant, a former managing director of Total E&P Angola who was most recently a member of the Total Group Management...

Madagascar: Shareholders’ accord signed for Volobe hydro project

Africa50, Colas, Jovena and SN Power have signed a shareholders’ agreement for the co-development of the 120MW Volobe hydropower project on the Ivondro River. The agreement signed on 4 October sees the four partners take equity stakes in project...

Industry: Climate activists protest at oil dinner

Greenpeace activists gatecrashed the annual Oil & Money Conference dinner at London’s Grosvenor Hotel on 8 October to protest at IOCs’ role in climate change. The activists unfurled a banner reading “BP and Shell Climate Criminals” at the...

Riyadh and Tehran step back from the brink as Trump prevaricates

US President Donald Trump’s lack of enthusiasm for backing up his heated anti-Iranian rhetoric with meaningful military resources, even in the wake of last month’s attack on the Abqaiq oil facilities in Saudi Arabia, appears to be a key...

Doha and Riyadh revive their Lebanese interests as Beirut’s economy tanks

Lebanese Prime Minster Saad Hariri was due to head from Beirut to Dubai on 7 October to attend an investment conference, as Gulf Co-operation Council states mull fresh requests for bailouts from a crisis-hit economy which is running perilously...

Qatar: Further questions about US attitude to Al-Udeid air base

On 28 September, US Central Command briefly moved the command and control of its air operations from their normal location at Al-Udeid in Qatar to Shaw Air Force Base in South Carolina. The Combined Air and Space Operations Centre (CAOC) at Al-...

Kuwaiti management issues undermine heavy crude ambitions

Several high-level sources in the country’s energy sector have told GSN that heavy crude is the lifeline to Kuwait Petroleum Company (KPC)’s energy future, as production at other fields has reached maturity over the past decade. However,...

UAE: Mohammed Bin Rashid watches space video

Federal Vice President and Prime Minister, and Dubai Ruler of Sheikh Mohammed Bin Rashid Al-Maktoum interrupted a bike ride on 25 September to watch footage of the Emirati astronaut Major Hazza Al-Mansouri heading into space, the first person...

Tonga: King opens embassy in Abu Dhabi

King Tupou VI of Tonga visited Abu Dhabi in late September to open his country’s first embassy in the UAE, located in Etihad Towers. The limited extent of opportunities with the Pacific island nation was clear by the fact that the UAE only sent...

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