Tagged With Matt Smith
Ultra-deepwater Namibe in doubt, despite ExxonMobil deal
20 November 2020
US major’s investment boosted prospects of Angola’s beleaguered oil sector, but its blocks are unlikely to be economically viable without a crude price rebound
Impact eyes double farm-out after South Africa expansion
17 November 2020
London-based Impact Oil & Gas bets deepwater exploration has been substantially derisked by nearby mega gas finds
Tullow seeks state agreement on Turkana costs
19 October 2020
The project has resumed after a five-month halt, but doubts are growing over its future
Uganda oil start date in doubt despite crucial agreements
13 October 2020
Pipeline deal with Tanzania and agreement with Total raise hopes of FID—but go-ahead could be delayed until 2022
Ambiguities dull lustre of carbon-neutral LNG
22 September 2020
The complexity and cost of pricing carbon emissions from LNG’s full lifecycle will likely deter adoption—so a narrower approach may work better
Government policy key to investors’ gas concerns
18 September 2020
Slumping prices and imminent capacity expansion have dented investor confidence despite bullish long-term demand forecasts
Decarbonisation imperils long-term LNG contracts
17 September 2020
Failing to incorporate greater flexibility into LNG purchase agreements could spell trouble as nations get tough on carbon emissions
Losses mount at idle Nigerian refineries
8 September 2020
There is little hope that state-owned refiners will resume production, partly due to Covid-19, while the new Dangote refinery is insufficient to meet demand
Central bank holds key to Gabon’s oil future
30 July 2020
If oil companies are forced to hold revenues in the local currency—combined with mandated Opec cuts—the Central African country will struggle to attract the new investment it desires
Congo’s disappearing discovery
9 July 2020
The Republic of Congo’s announcement of a major discovery appears to be targeted more at extorting EU environmentalists and multilateral lenders than attracting IOCs
Nigeria has a major problem
5 June 2020
Opec production cuts matter far less than international companies deciding to scale back production and capex
Angola revival stalled by global demand slump
26 May 2020
Sharply lower oil prices mean the West African country will find it difficult to finance the investment needed to replace its ageing offshore fields
Equatorial Guinea prepares for new era for oil
15 October 2019
‘Drill or drop’ policy will soon result in a new set of license holders that the government hopes will kick-start the West African country’s oil industry
Kenya enters the oil business
26 September 2019
The East African country exports its first consignment of oil while Tullow prepares for 2020 FID
Discoveries boost Angola upstream mood
27 August 2019
Prospects for a first licensing round in almost a decade will be buoyed by new finds
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