Indian Ocean News
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Tullow Oil Plc, the U.K. explorer that found Kenya’s first oil, plans to find more partners in Ghana’s TEN project, the Chief Executive Officer said.
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Madagascar President Andry Rajoelina registered as a candidate for elections scheduled for July, four months after saying he won’t run as part of an agreement to help restore political stability in the country.
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Australia is committing to buying 100 F-35 Joint Strike Fighters, the Pentagon’s most expensive weapons system, as the nation released its long-term defense strategy that seeks to balance competing interests of the U.S. and China in the Asia-Pacific.
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State-backed Oil & Natural Gas Corp. and Oil India Ltd. are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. and Videocon Industries Ltd., three people with knowledge of the discussions said.
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Woodside Petroleum Ltd., Australia’s second-largest oil producer, said producing liquefied natural gas on a ship off the country’s coast may be the fastest way to develop its Browse project.
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Chevron Corp., the world’s third- biggest energy company by market value, reported first-quarter profit that exceeded analysts’ estimates after boosting natural gas output amid rising prices for the fuel.
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Total SA, Europe’s third-biggest oil company, said the $13 billion of asset sales it’s carried out to date as part of a divestment plan could translate into higher dividends.
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Asian state-owned oil companies are making inroads in the contest for East Africa’s energy reserves, gaining power in export projects that Western explorers like Royal Dutch Shell Plc used to dominate.
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An end to sugar quotas in the European Union, expected by the EU Council as early as 2017, may promote trade of the sweetener within Africa as Ethiopia and Nigeria plan to raise output, said Ecobank Transnational Ltd.
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The wife of Madagascar’s former leader, Marc Ravalomanana, will run for president in elections scheduled for July 24, his party announced.
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