Oil & Energy

Dragon Oil Explores Possible Offer for BowLeven; Shares Soar – Businessweek

Feb. 17 (Bloomberg) — Dragon Oil Plc, an oil explorer focused on Turkmenistan, said it’s considering an offer for BowLeven Plc, a driller working in Cameroon. BowLeven soared in London trading. The shares jumped as much as 82 percent to … Continue reading

Dragon Oil weighs up offer for Bowleven – Interactive Investor

West African-focused oil and gas explorer Bowleven unveiled a new discovery at its Sapele-3 well, offshore Cameroon in November. But this did not please everyone as analyst Richard Griffiths at Evolution decided at the time to downgrade his rating of … Continue reading

Asian Refiners to Cut March West African Oil Imports by 13% – Businessweek

including one lot each of Ghana’s Jubilee and Cameroon’s Kole grades. India will import 15 cargoes for March, down from 19 this month, according to the survey. Indian Oil Corp., the nation’s largest refiner, bought nine shipments …

Dragon Oil Explores Possible Offer for BowLeven; Shares Soar – Bloomberg

Dragon Oil Plc (DGO), an oil explorer focused on Turkmenistan, said it’s considering an offer for BowLeven Plc (BLVN), a driller working in Cameroon. BowLeven soared in London trading. BowLeven shares jumped 62 percent to 120 pence …

Siemens to build England-Scotland undersea electricity link – The Independent

A £1 billion contract has been awarded for the construction of the first sub-sea electricity link between Scotland and England, energy firms announced today. The 261-mile line will run from Hunterston in Ayrshire to a landing point on the Wirral … Continue reading

Converting danger into energy: Rwanda to divert lake’s lethal gases to power plant – SmartPlanet.com

Supporters say the KivuWatt project could double the country’s electricity production and reduce its dependence … the trap and catastrophically release the gases, as happened in Cameroon in 1986, when a deadly cloud of CO2 from Lake Nyos asphyxiated …

Lake Kivu gas: Turning an explosion risk into a power source – BBC News

More than 1,000 people died in 1986 when a lake in Cameroon released a cloud of CO2 that suffocated … Kivu’s water is heavy with dissolved gas. The lake contains an estimated 256 cubic kilometres of carbon dioxide (CO2) and … Continue reading

China Petroleum Corp. Set To Ship Its Oil Via Cameroon By End Of 2012 – Official – NASDAQ

YAOUNDE, Cameroon -(Dow Jones)- The China National Petroleum Corp. (CNPC) and the Cameroon government have agreed that the Chinese firm will ship its crude from Chad through Cameroon by the end of 2012, a top Cameroonian official involved in the … Continue reading

Areavoices blog: Cameroon hospital helps fill enormous needs – Duluth News Tribune

Cameroon is no exception with regard to oppression and … He asked us to come before sundown because people steal his electricity, so he might not have light. This is how most slum dwellers get electricity; they simply hook onto … Continue reading

China approves 7 overseas oil deals – Stockhouse

2 and 3A located in Uganda from British-based Tullow Oil; CNOOC’s acquisition of OPTI Canada; Sinopec Group’s purchase of Shell’s assets in Cameroon and Canadian oil producer Daylight Energy Ltd.; China National Petroleum Corp (CNPC)’s investment in oil …