AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … Read More

SENEGAL: President Promotes a Participatory, Multi-institutional & Collaborative Approach on Oil and Gas Revenue Management

With the utmost ambition and desire for all Senegalese people to benefit and prosper from their country’s natural resources, President Macky Sall demonstrated his determination to implement reforms to fully … Read More

SENEGAL: Saipem Contracts Fugro’s Inclinocam® for Greater Tortue Ahmeyim field’s Precise Pile Positioning

Fugro has been awarded by Saipem a monitoring contract to support the construction of a liquid natural gas (LNG) jetty for BP’s Greater Tortue Ahmeyim field offshore Senegal/Mauritania. Beginning in … Read More

Green Climate Fund Invests $150 million in Desert to Power G5 Sahel Financing Facility

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its … Read More

Senegal´s Petroleum Code: Promoting Local Content, State Ownership of Hydrocarbon Resources, and Environmental Sustainability

By Miguel Artacho Senegal adopted a new Petroleum Code on January 24, 2019, which aims to reinforce the preservation of national interests and local content. The new code goes significantly … Read More

GUINEA BISSAU: Independent E&P Companies, IOC´s Unlock Prospective Offshore MSGBC Acreage

By Miguel Artacho, Field Editor Oil and gas investors with an interest in Africa have made significant investments in some of the countries of the MSGBC Basin – which comprise Mauritania, Senegal, … Read More

MAURITANIA: Chariot Ink MoU for Development of Large-Scale Green Hydrogen Project

The Government of Mauritania, through the Ministry of Petroleum, Mines & Energy and Chariot  have signed a Memorandum of Understanding to progress a potential green hydrogen development, denominated as “Project … Read More

Oil & Gas companies are Failing to Capitalize on MSGBC Basin’s Huge Gas Discoveries – GlobalData

Two major gas discoveries have been made in the MSGBC Basin; however, oil and gas companies so far have failed to capitalize on these significant resources, and it could be … Read More

MAURITANIA/SENEGAL: Kosmos Energy Completes Sale of Greater Tortue Ahmeyim FPSO & Lease Back Transaction

Kosmos Energy has announced that the transaction for the sale and lease back of the Greater Tortue Ahmeyim (GTA) floating, production, storage, and offloading vessel (FPSO) has been successfully completed. … Read More