The issue leads with Libya where oil sector governance is under fire as never before, with Presidential Council head Mohammed Al-Menfi asking National Oil Corporation to explain its multi-billion-dollar spending over the past two years.
With oil production flatlining and gas production at risk of severe decline, Libya needs new field developments, but two of its biggest projects have become mired in allegations of corruption.
With potential ramifications for all those operating across a range of sectors in Libya, African Energy has been investigating these issues and more for a series of articles based on extensive source enquiries and documentary evidence.
Power coverage leads with Tanzania where two units of the 2.1GW Nyerere hydroelectric megaproject are already online and a source has told African Energy details of the remaining seven turbines to follow. Already, the megaproject is generating surplus capacity to such an extent that state utility Tanesco is reducing output at other HEP plants while it waits for demand to pick up.
Oil and gas coverage leads with Mozambique – also the subject of the African Energy View – where Abu Dhabi National Oil Company’s decision to pay Portugal’s Galp some $1.15bn for a 10% stake in offshore Area 4 offers further evidence of Mozambique’s LNG improving prospects, even though the Cabo Delgado insurgency hasn’t gone away.
The issue leads with Libya where oil sector governance is under fire as never before, with Presidential Council head Mohammed Al-Menfi asking National Oil Corporation to explain its multi-billion-dollar spending over the past two years.
With oil production flatlining and gas production at risk of severe decline, Libya needs new field developments, but two of its biggest projects have become mired in allegations of corruption.
With potential ramifications for all those operating across a range of sectors in Libya, African Energy has been investigating these issues and more for a series of articles based on extensive source enquiries and documentary evidence.
Power coverage leads with Tanzania where two units of the 2.1GW Nyerere hydroelectric megaproject are already online and a source has told African Energy details of the remaining seven turbines to follow. Already, the megaproject is generating surplus capacity to such an extent that state utility Tanesco is reducing output at other HEP plants while it waits for demand to pick up.
Oil and gas coverage leads with Mozambique – also the subject of the African Energy View – where Abu Dhabi National Oil Company’s decision to pay Portugal’s Galp some $1.15bn for a 10% stake in offshore Area 4 offers further evidence of Mozambique’s LNG improving prospects, even though the Cabo Delgado insurgency hasn’t gone away.
The issue also includes a new DR Congo Risk Management Report. Re-elected amid some controversy for a second term, President Félix Tshisekedi, is promising accelerated reform, while multilateral officials and ambitious executives are again heavily focused on making the ‘transformational’ Grand Inga hydroelectric megaproject work, and miners looking to better exploit global-scale geology are structuring innovative C&I schemes. But enthusiasm about DRC should always be tempered with realism as its politics remain sulphurous, domestic conflicts murderous, and energy and other economics complex.