The Middle East’s oil and gas has put the region at the heart of the energy sector the last 100 years. These resources, plus plentiful sunshine, will see it continue to play a major role into the energy transition – but there will be bumps along the way.
Energy Voice talks to Jason Fox, Managing Partner, London, and Alastair Young, Partner, at Bracewell (UK) LLP on the future of North Sea investment as Brent crude oil remains at around $100.
In a recent judicial review decision, two judges in an English court considered an application by Friends of the Earth (FoE) to quash UK Export Finance’s (UKEF) decision to provide export finance to the Mozambique LNG Project.
As the US Congress has spent the last year debating a slate of proposals to accelerate the transition to a clean energy economy, clean hydrogen has come to the forefront as an energy source that offers a politically and economically feasible path towards decarbonisation.
The energy transition is seen as marking a shift away from the “bad old” habits of the fossil fuel industry, but accessing the strategic resources pose their own often-overlooked problems.
Nigeria has passed its Petroleum Industry Act (PIA), marking a major step in the country’s push to become more attractive as a destination.
Jobs, financing and green technology in the US were all topics of hot debate during Energy Voice’s New Energy Opportunities (NEO) event yesterday.
Plans for ammonia exports are taking shape around the world, as companies compete to secure the most attractive opportunities to fuel future zero carbon aspirations.
The Nigerian Senate and House of Representatives have passed the Petroleum Industry Bill (PIB) in a bid to draw in more investment, from foreign and domestic sources.
The energy transition will come in a variety of forms, but playing a critical role will be offshore wind, carbon capture utilisation and storage (CCUS), and hydrogen.
If energy demand is shifting away from fossil fuels, the most economically rational move for governments is to maximise development of resources now.
Special purpose acquisition companies (SPACs) are having a moment in the sun in the US and the UK is considering how best to secure a piece of the action.
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
African states trying to secure domestic energy infrastructure have tended to struggle with creditworthiness, which makes project financing more difficult.
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
Nigeria has officially launched a marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available.
The double threat of coronavirus and the price crash has forced oil companies around the world to rearrange plans and save money where possible, and Africa is set to feel the squeeze.
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Angolan production has continued to decline, falling to 1.284 million barrels per day in November, making the government’s efforts to overhaul its energy sector and attract new investment ever more important.