Oil

Among the extractive industry stakeholders who gathered in the Sussex countryside last month to discuss transparency were representatives of some of the world’s leading oil companies.  Under fire on several fronts, they were there to do their bit for the

Read the rest of Africa’s new energy giants may have transparency on their side, by Thalia Griffiths at African Energy »

Some of the discussion at this week’s Emerging Markets Funds conference in London is around the notion of ‘pivotal powers’ and their role in politics and prosperity in a volatile world. Does it make sense to include Nigeria as such

Read the rest of Nigeria: a ‘pivotal power’ in emerging markets? — by Jolyon Ford at Oxford Analytica. »

Last Friday (4th Feb), the Ugandan government finally signed Production Sharing Agreements with UK based Tullow Oil. The deal has been in waiting for months as a bargain was struck on the one hand between the government and the oil companies,

Read the rest of Tullow begins Uganda farmdown after PSA signing with Uganda Government – By Angelo Izama »

If 2011 was a record year for elections in Africa, it was also the year frontier exploration for oil and gas came of age. Global crude oil prices have risen steadily since mid-2010, and with annual growth in Africa’s oil

Read the rest of Sub-Saharan Oil and Gas 2012: a Business Africa guide – By Rolake Akinkugbe, Ecobank Capital »

For sub-Saharan governments one largely unmentioned reaction to the fall of Libya’s Colonel Qadhafi earlier this year was their surprise at the scale of the country’s offshore sovereign wealth funds – now at the disposal of the Transitional National Council

Read the rest of African sovereign wealth funds prospects – by Jolyon Ford, Oxford Analytica. »

Songhai Advisory LLP is a bespoke business intelligence consultancy providing critical insight on market opportunities in Sub-Saharan Africa. Foreign oil companies operating in Sub Saharan Africa’s second largest oil producer, Angola, will have the next two years to get to

Read the rest of Angola’s New Oil & Banking Legislation – By Kissy Agyeman-Togobo, Songhai Advisory »

Songhai Advisory LLP is a bespoke business intelligence consultancy providing critical insight on market opportunities in Sub-Saharan Africa. Nigeria is one of only three OPEC member states not to have a Sovereign Wealth Fund (SWF) – the other two being

Read the rest of Nigeria’s Sovereign Wealth Fund – planning for a rainy day – By Songhai Advisory »

The timing of this first contribution to the blog made it seem fitting to go straight to what may be the most topical overall issue for business in Africa in 2011: what the Eurozone crisis might mean for African economies

Read the rest of Africa and the Eurozone crisis – By Jolyon Ford, Oxford Analytica »

On 15 October 2011, around 400 Tuaregs who fought for Colonel Gaddafi in Libya returned to Mali’s northeastern region of Kidal. These tribesmen included mercenaries recruited during the 2011 insurgency in Libya and others who joined the Libyan Army after

Read the rest of Tuareg, Mali and a post-Gadaffi Sahel: rising risks to oil exploration and mining operations – By Exclusive Analysis Ltd »

But political instability and poor regulation could herald appearance of ‘resource curse.’ In January 2009 Heritage Oil, in partnership with Tullow Oil, announced that exploration on concessions in the Lake Albert Basin in Uganda contained over 2bln barrels in reserves,

Read the rest of Uganda the key in East Africa’s oil-driven energy revolution – By Hannah Waddilove, AKE Group »