Featured Articles

Scramble for African Oil Tests Beijing’s Resolve to Stay Clean

November 28, 2017 | Roundtable Discussion

Translated by Alan Lee | – The people of Hong Kong were shocked when news came out last week that former home affairs secretary Patrick Ho Chi-ping, along with the former foreign secretary of Senegal Cheikh Gadio, was arrested by US authorities for allegedly having bribed the president of Chad and the foreign minister of Uganda to gain exclusive oil drilling rights on behalf of a Chinese energy company. The US Department of Justice didn’t mention the name of the company in question; all it …

OPEC’s War Against Shale Is Far From Over

November 10, 2017 | Field Case Studies

Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and will likely continue for the next several years at least. That was OPEC’s conclusion in the group’s World Oil Outlook released this week. OPEC believes U.S. shale production will grow faster than previously expected, reaching 7.5 million bpd by 2021, an increase of 56 percent from the group’s estimate last year. According to OPEC calculations, current shale production …

Africa’s Upstream Investment Terms Fail to Impress

November 02, 2017 | Investment Development

By Ian Lewis | – The region will have to offer much more attractive investment terms to lure operators to its upstream Put a group of oil company bosses in a room together at virtually any time in the industry’s history and they will complain about investment terms or the regulatory environment in the countries they operate. Nowhere is this more evident than in sub-Saharan Africa. The continent is relatively under-explored with huge hydrocarbons potential but has struggled to attract funding as firms globally slashed …

NNPC/ IOCs And Crude Oil Theft: Curiously Nobody Is Talking About It Anymore

October 05, 2017 | Latest Featured Articles

By Ifeanyi Izeze | – Is it not curious that the Nigerian National Petroleum Corporation (NNPC), the Navy, the Joint Military Taskforce (JTF) and the International Oil Companies (IOCs) seem not to bother anymore about the menace of crude oil theft from facilities in the nation’s Niger Delta, shallow, and deep offshore arenas? hat suddenly happened? Has crude oil stealing stopped? Is it not curious that the Nigerian National Petroleum Corporation (NNPC), the Navy, the Joint Military Taskforce (JTF) and the International Oil Companies (IOCs) …

Africa’s Richest Man: Oil Is Not The Way Forward

October 05, 2017 | Roundtable Discussion

By Slav Irina |  – The richest man in Africa says crude oil prices would do Nigeria a favour if they stay lower for longer. Last week at the UN General Assembly, Nigerian billionaire Aliko Dangote, whose main business is in cement but also holds interests in agricultural commodities and petrochemicals, said that agriculture—not crude oil—is the way forward for Nigeria, and that Africa “will become the food basket of the world.” The latest economic data from Dangote’s home country tend to support his view. GDP grew …

Geologists, Insurgency, and the Way Forward

August 15, 2017 | Roundtable Discussion

By Fatima Ibrahim Maikore | – The recent abduction and murder of some geologists and engineers of the University of Maiduguri have again highlighted the perils facing professionals who work quietly in the background but whose occupational outcome is part of what is responsible for the prosperity of our nation. On the fateful day of Tuesday, July 25, 2017 the NNPC/University of Maiduguri Exploration team and a detachment of Nigerian Army and Civilian JTFs were attacked by some insurgents, while in the line of duty. …

Nigeria’s Non-Oil Exports and the Quest for Federalism

August 03, 2017 | Latest Featured Articles

By Ugochukwu Joseph Amasike | – Devolution of powers to the states would serve as a catalyst for the development of non-oil exports, restart Nigeria’s industrialisation-drive, create jobs and strengthen the economy as a whole. The need to diversify Nigeria’s revenue base has continued to gain traction by the day, especially in light of recent economic challenges that were largely occasioned by over-dependence on oil and gas revenue. The drastic fall in oil prices in 2015 and the consequential foreign exchange crisis it triggered, reverberated …

A Common Cause for Sustainable Growth and Stability in Central Africa

August 01, 2017 | Roundtable Discussion

By Abebe Aemro Selassie | – Six countries in central Africa have been hit hard by the collapse in commodity prices. Oil prices dropped, economic growth stalled, public debt rose, and foreign exchange reserves declined. A delayed response from policymakers, and a regional conflict have worsened the situation further for people in the region. The countries of the Central African Economic and Monetary Community are Gabon, Cameroon, Chad, the Central African Republic, the Republic of Congo, and Equatorial Guinea. They share a common currency—the CFA franc—that is pegged to the euro, and have …