Oil & Energy

INTERVIEW: Equatorial Guinea Deepens Ties With Chinese Energy Firms – 4-traders (press release)

about building more hydroelectric power plants with an eye toward selling electricity to neighboring countries such as Nigeria, Cameroon and Gabon, Mr. Obiang said. Sinohydro’s first 125-megawatt hydropower project in Equatorial Guinea is expected to come …

Arsenal and Bayern Munich Target Stephane Mbia Could Leave Stade Velodrome – insidefutbol.com

The Cameroon international landed at the Stade Velodrome in 2009, joining the south coast outfit from fellow French side Rennes. Strong in the tackle and full of energy, Mbia quickly established himself as one of Marseille’s key players and …

IMF Executive Board Concludes 2012 Article IV Consultation with Cameroon – Modern Ghana

concluded the Article IV consultation with Cameroon on a lapse of time basis.1 Background The economic rebound observed in 2010 strengthened in 2011, with growth reaching 4.2 percent (compared with 2.9 percent in 2010), despite a decline in oil output.

UPDATE 2-INTERVIEW-No food crisis yet as grain prices soar – UN – Reuters

A mix of high oil and fuel prices, growing use of biofuels, bad weather and soaring grain futures markets pushed up prices of food in 2007/08, sparking violent protests in countries including Egypt, Cameroon and Haiti. “It is a serious … Continue reading

Cameroon boosts fuel subsidies by 24 pct for 2012 – YAHOO!

Cameroon’s crude production rose nearly 10 percent in the first quarter of 2012 to 5.78 million barrels compared with 5.26 million barrels during the same period in 2011. However, revenues from petroleum exports, which account for about 45 percent of … Continue reading

Africa Palm-Oil Plan Pits Activists Against New York Investors – thejakartaglobe.com

A hydro plant run by his Sithe Global Power company in Uganda has reduced power blackouts there. Herakles says it acquired the Cameroon concession in 2009 when US asset manager Blackstone Group sold its interest after deeming the land more … Continue reading

Returned Peace Corps Volunteer Designs Fair-Trade Lingerie to Fight Poverty – Yahoo Finance

“After spending two years in Cameroon, I couldn’t stop thinking about every purchase … of all types and sizes to participate in a movement to realize the power of microfinance and end extreme poverty. Under the model, businesses send their … Continue reading

Dana Petroleum announces strong 2011 performance – Oilvoice.com

In the Netherlands, we completed the Medway development project delivering first gas from the Van Nes field and first oil from the Van Ghent well, adding a combined 4,000 boepd. Africa and the Middle East We were delighted when the … Continue reading

Kosmos Energy Announces Oil and Gas-Condensate Discovery at Wawa, Offshore Ghana – Yahoo Finance

Kosmos Energy (KOS) announced today that the Wawa-1 exploration … At the same time, we are also preparing to spud our first operated well in Cameroon at the Sipo prospect by the end of the year, and we are aggressively … Continue reading

Kosmos Energy Announces Oil and Gas-Condensate Discovery at Wawa, Offshore Ghana – StreetInsider.com

DALLAS–(BUSINESS WIRE)– Kosmos Energy (NYSE: KOS) announced today that the Wawa-1 … At the same time, we are also preparing to spud our first operated well in Cameroon at the Sipo prospect by the end of the year, and we … Continue reading