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The Tshisekedi government’s announcement that Israeli billionaire Dan Gertler’s Ventora Development would return control of its mining and oil assets to Democratic Republic of Congo puts assets back into play including the Albertine Graben blocks 1 and 2, managed by Gertler’s company Oil of DRCongo. But there are potential further complications from continued US sanctions against Gertler and over exactly what’s in the deal, writes François Misser.

DR Congo
Subscriber

Democratic Republic of Congo has the resources – if not yet the right governance framework – to help meet rising global demand for rare earth minerals. China has so far made much of the running with such resources, prompting economic and strategic concern in the US and Europe where DRC’s potential has not gone unnoticed, writes François Misser.

DR Congo
Subscriber

Questions have been raised about Victoria Oil and Gas (VOG)'s  ability to continue after the International Chamber of Commerce (ICC) made a substantial award against it in early April. VOG is a business whose importance extends beyond the narrow interests of its shareholders. Its subsidiary Gaz du Cameroun (GDC) is one of the continent’s rare onshore gas producers that sells to a local clientele.

Cameroon
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The Maputo government is trying to attract more majors to its offshore acreage, just as industry giants TotalEnergies and Eni ready themselves for further development of their rival liquified natural gas projects in the politically unstable north, writes James Gavin

Mozambique
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West and central Africa-focused independent PetroNor E&P’s chief executive Knut Søvold remains under investigation by the Norwegian economic crime agency, Økokrim, after being detained in a pre-Christmas swoop related to an ongoing case concerning corruption in African projects.

Gambia | Nigeria | Guinea-Bissau | Congo Brazzaville | Senegal
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The $5.1bn sale of Unilever’s tea division assets to CVC Capital Partners points to the potential for emerging markets’ commodities, but social and governance concerns persuaded other bidders to pull back. This and other examples – such as the cancelled Kinagop wind project detailed by Pierre Bertrand below – point to shifting ESG metrics that cannot be ignored by operators and investors in all sectors, writes Marc Howard

Kenya
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The Hichilema government says it wants to resolve the long-running dispute between Zesco and CEC, but the duelling companies continue to operate in parallel universes of competing claims around tariffs and arrears, while state miners’ financial shortfalls add to problems, write Dan Marks and Chiwoyu Sinyangwe.

Zambia
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A recent court ruling in South Africa halting Shell’s plans to continue with a 3D seismic campaign could force a rethink in the way operators engage with local communities, but fears that environmental campaigners’ successes could quash hydrocarbons developments appear wide of the mark, writes James Gavin

South Africa
Issue 429 - 17 December 2020

US to require ownership disclosure

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In a major victory for transparency campaigners, the US Congress has passed a groundbreaking measure to ban anonymous shell companies by a veto-proof majority. The Corporate Transparency Act, which was tacked on to the annual National Defense Authorization Act, will oblige corporations and limited liability companies established in the United States to disclose their real owners to the US Treasury Department.

Subscriber

The UK Court of Appeal found against the campaigning group Friends of the Earth in a mid-January ruling on UK government support for the project. However, there are still many obstacles for those seeking to raise finance from western sources for Sub-Saharan hydrocarbons projects.

Mozambique
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The Department of Forestry, Fisheries and the Environment’s rejection of all three of Karpowership South Africa’s environmental impact assessment applications has thrown the Turkish company’s – and other departments of government’s – emergency gas-to-power plans into disarray once more.

South Africa
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Political, social and legal opposition to Eni’s multi-billion-dollar upstream gas development deal is driven by an alliance of fief holders who may not be able to stop the deal, but could make it harder and more expensive to complete. The opposition reflects continuing dysfunction, raising the prospect of more blockades and disruption, writes Mohamed Eljarh*, with John Hamilton.

Subscriber

A project to build a €430m ($475m) gas-to-power (GTP) plant in the northern coastal city of Saint Louis by the previously obscure local developer Ndar Energies has attracted criticism by civil society and academic figures for the lack of transparency around the contract award.

Senegal
Subscriber

The dispute over Savannah Energy’s assets in Chad and Cameroon has intensified, amid claims that Chad orchestrated an illegitimate general meeting of shareholders in the Cotco pipeline company – drawing a rebuke from Yaoundé, writes James Gavin.

Chad | Cameroon
Free

With less than six months to go before COP27 opens at Sharm El Sheikh, a power shift is under way as energy and momentum drain from the United Kingdom’s presidency and build in Egypt’s camp. The early signs are that the next event will have a very different tone and character from COP26 in Glasgow, with considerably less emphasis on making big policy claims that may be hard to keep and a focus on getting climate-related business deals signed.

Egypt