African oil and gas outlook may prove subdued

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Liquefied Natural Gas ◽  
West African ◽  
Oil Price ◽  
Institutional Reforms ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Corporate Transparency ◽  
Budget Forecasts

Subject Oil and gas outlook for Africa. Significance BP and Kosmos Energy on December 21 gave the go-ahead for their landmark Greater Tortue Ahmeyim floating liquefied natural gas (LNG) development on the maritime border between Mauritania and Senegal. However, wider hopes of an upturn in West African oil and gas exploration have been tempered by recent oil price fluctuations and disappointing well results. Impacts Several oil exporters may have to revise 2019 budget forecasts to take account of a lower oil price. The industry will operate more cautiously in the lower price environment, with more ambitious drilling programmes deferred. Companies will take account of greater corporate transparency requirements, including open licensing rounds and institutional reforms.

India-Israel defence ties will deepen

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Prime Minister ◽  
Strategic Partnership ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Oil And Natural Gas ◽  
Defence Cooperation ◽  
Offshore Oil And Gas ◽  
Offshore Oil

Subject Indian-Israeli cooperation in defence trade and manufacturing. Significance Indian Prime Minister Narendra Modi’s visit to Israel in July raised relations between the two countries to what was described in a joint statement as a "strategic partnership". Defence cooperation featured in talks between Modi and his Israeli counterpart Binyamin Netanyahu. Impacts India will struggle to meet its target of reducing imported defence products by 40% within the next ten years. India’s Oil and Natural Gas Corporation is likely to bid for Israeli offshore oil-and-gas exploration blocks. Closer relations between India and Iran may raise concerns in Israel.

Tanzania faces low-level Islamist militant threat

2015 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Liquefied Natural Gas ◽  
Energy Industry ◽  
Content Type ◽  
Low Level ◽  
The Past ◽  
Threat Level ◽  
Oil And Gas Operations

Subject Assessing the threat from militant Islamist agendas. Significance Low-scale attacks attributed locally as militant Islamist activity have been increasing over the past two years, and have spiked in the past four months with incidents in Tanga and Morogoro. They suggest that the level of organisation amongst domestic militant Islamist groups may be growing. Impacts Potential plans for the liquefied natural gas plant in Lindi Region may focus a militant threat against the energy industry. Onshore oil and gas operations, as well as government facilities, could also be potential targets. As the top export earner, tourism would be affected by any heightened threat level leading to travel advisories.

Accelerating oil and gas investment and reserves by design

2018 ◽  
Vol 58 (2) ◽  
pp. 557
Author(s):  
Barry A. Goldstein
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
South Australia ◽  
Land Access ◽  
Oil And Gas Exploration ◽  
Oil And Gas Producers ◽  
Crude Oil Prices ◽  
Exploration And Production ◽  
Oil And Gas Operations

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence (Adams 1770). Some people unfamiliar with upstream petroleum operations, some enterprises keen to sustain uncontested land use, and some people against the use of fossil fuels have and will voice opposition to land access for oil and gas exploration and production. Social and economic concerns have also arisen with Australian domestic gas prices tending towards parity with netbacks from liquefied natural gas (LNG) exports. No doubt, natural gas, LNG and crude-oil prices will vary with local-to-international supply-side and demand-side competition. Hence, well run Australian oil and gas producers deploy stress-tested exploration, delineation and development budgets. With these challenges in mind, successive governments in South Australia have implemented leading-practice legislation, regulation, policies and programs to simultaneously gain and sustain trust with the public and investors with regard to land access for trustworthy oil and gas operations. South Australia’s most recent initiatives to foster reserve growth through welcomed investment in responsible oil and gas operations include the following: a Roundtable for Oil and Gas; evergreen answers to frequently asked questions, grouped retention licences that accelerate investment in the best of play trends; the Plan for ACcelerating Exploration (PACE) Gas Program; and the Oil and Gas Royalty Return Program. Intended and actual outcomes from these initiatives are addressed in this extended abstract.

Gas prices expose Europe’s energy vulnerability

2021 ◽  
Keyword(s):  
Natural Gas ◽  
Central Banks ◽  
Liquefied Natural Gas ◽  
Electricity Price ◽  
Energy Prices ◽  
Content Type ◽  
Indigenous Production ◽  
Europe Today ◽  
The Cost

Significance The cost of gas-fired generation sets the electricity price in much of Europe today. Falling indigenous production has left Europe reliant on gas imports and exposed it to global liquefied natural gas (LNG) prices set by fast-recovering China. This has left retail-only electricity suppliers vulnerable and increases the risk that falling disposable incomes will undermine post-pandemic recovery. Impacts EU carbon allowance prices will stay strong. Higher energy prices will stoke inflation amid a fragile recovery, posing a dilemma for central banks. Rising gas prices have had ancillary but potentially alarming impacts as some fertiliser and CO2 producers have shut in production.

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

2016 ◽  
Vol 29 (6) ◽  
pp. 917-962 ◽  
Author(s):  
K.S. Reddy ◽  
En Xie ◽  
Yuanyuan Huang
Keyword(s):  
Oil And Gas ◽  
Case Analysis ◽  
Telecommunications Industry ◽  
Government Control ◽  
Target Firm ◽  
Content Type ◽  
Poor Countries ◽  
Oil And Gas Exploration ◽  
Cross Border ◽  
Cross Case Analysis

Purpose Drawing attention to the significant number of unsuccessful (abandoned) cross-border merger and acquisition (M&A) transactions in recent years, the purpose of this paper is to analyze three litigated cross-border inbound acquisitions that associated with an emerging economy – India, such as Vodafone-Hutchison and Bharti Airtel-MTN deals in the telecommunications industry, and Vedanta-Cairn India deal in the oil and gas exploration industry. The study intends to explore how do institutional and political environments in the host country affect the completion likelihood of cross-border acquisition negotiations. Design/methodology/approach Nested within the interdisciplinary framework, the study adopts a legitimate method in qualitative research, that is, case study method, and performs a unit of analysis and cross-case analysis of sample cases. Findings The critical analysis suggests that government officials’ erratic nature and ruling political party intervention have detrimental effects on the success of Indian-hosted cross-border deals with higher bid value, listed target firm, cash payment, and stronger government control in the target industry. The findings emerge from the cross-case analysis of sample cases contribute to the Lucas paradox – why does not capital flow from rich to poor countries and interdisciplinary M&A literature on the completion likelihood of international takeovers. Practical implications The findings have several implications for multinational managers who typically involve in cross-border negotiations. The causes and consequences of sample cases would help develop economy firms who intend to invest in emerging economies. The study also offers some implications of M&A for telecommunications and extractive industries. Originality/value Although a huge amount of extant research investigates why M&A fail to create value to the shareholders during the public announcement and post-merger stages, there is a significant dearth of research on the causes and consequences of delayed or abandoned national and international deals. The paper fills this knowledge gap by discussing an in-depth cross-case analysis of Indian-hosted cross-border acquisitions.

Algeria-Morocco pipeline closure could add to tensions

2021 ◽  
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
East Mediterranean ◽  
Content Type

Significance The pipeline transit agreement is set to expire at the end of October. It comes as tensions between Morocco and Algeria have escalated, with the latter cutting diplomatic ties with Rabat and closing its airspace to Moroccan airplanes. Impacts Algeria will argue that trans-Morocco gas can be replaced with extra volumes via the Medgaz line and with liquefied natural gas. The supply implications mainly affect Spain and Morocco, and will have little relevance for other European gas projects. In the East Mediterranean, the costs of a pipeline to Europe remain prohibitively high.

New Tanzanian government’s focus may shift

2021 ◽  
Keyword(s):  
Civil Society ◽  
Natural Gas ◽  
Rare Earths ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Development Agenda

Significance Magufuli and the ruling Chama Cha Mapinduzi (CCM) have entered 2021 on a high, having swept the October 31 elections and essentially removed all vestiges of opposition to their power. They now need to deliver on their ambitious development agenda. Impacts Crackdowns against the opposition, civil society and other critics will intensify. Persistent bottlenecks in government suggest progress towards a flagship USD30bn liquefied natural gas project may remain slow. Reports that Tanzania is close to finalising a deal for its first ever rare earths mine could give Magufuli’s agenda an early boost.

scholarly journals Career cooperation, coordination, compatibility and co-working

2020 ◽  
Vol 35 (2) ◽  
pp. 121-139
Author(s):  
Susan Shortland
Keyword(s):  
Oil And Gas ◽  
Small Sample ◽  
Dual Career ◽  
International Assignments ◽  
Heterosexual Relationships ◽  
Strategic Choices ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Coordination Strategies ◽  
Work Abroad

Purpose The purpose of this study is to examine how female expatriates mobilise couples’ dual-career coordination strategic choices to achieve their own and their partners’ desired career goals. Design/methodology/approach This qualitative research is based upon in-depth interviews with 20 dual-career female expatriates working in two case study oil and gas organisations. Findings Female expatriates use a series of tactics ranging from cooperation in maintaining a dual-career hierarchy, through to coordinating aspects of their own and their partners’ assignments, undertaking compatible industry roles and co-working (working together in the same organisation) to attempt to achieve a greater egalitarian international dual-career strategic outcome. Research limitations/implications This case analysis was based on a relatively small sample of female expatriates in heterosexual relationships working in oil and gas exploration. Further research in different sectors, with larger samples, and with male expatriates is also needed. Practical implications Employers should minimise periods of separation by focussing on coordinated assignment timings for both partners, facilitate suitable employment for both partners who wish to work abroad, and prioritise securing partner work visas. Social implications The inability to pursue desired dual-careers together while undertaking international assignments can be detrimental to couples’ relationships, potentially leading to unwillingness to expatriate and thereby deliver necessary skills in the host country. Originality/value The originality lies in identifying the tactics women use to enact dual-career coordination strategies, including coordinating assignment timings and locations to reduce separation and pursuing compatible roles to achieve egalitarian career and relationship outcomes. While women expected co-working in the same firm to facilitate dual-career mobility, its career outcomes were disappointing.

Russia will increase covert Baltic interference

2015 ◽  
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Lightning Strike ◽  
Baltic States ◽  
Content Type ◽  
The Past ◽  
The Baltic ◽  
Military Exercise

Significance In line with such concerns, Estonia held a large military exercise, Hedgehog, on May 4-15, involving 13,000 troops. On May 6, Lithuania launched Lightning Strike, a military exercise involving 3,000 troops in a simulated defence of the country's new liquefied natural gas (LNG) terminal at Klaipeda. In December, Latvia said Russian submarines had approached its maritime borders more than 50 times in the past year. However, Russia's more overt activities also pose a major risk to the Baltics. Impacts Russian intelligence will continue to target not just Baltic secrets but, through them, NATO and EU ones. Russian operations will aim to create division by playing on discontent within sizeable ethnic Russian minorities who feel marginalised. NATO will increase the rate and size of Baltic drills to reassure the Baltic states.

Sign in / Sign up

Export Citation Format

Share Document