South Africa - 06

South Africa: Nene’s Budget Plans: Energy Sector Implications

Minister of Finance Nhlanhla Nene’s budget speech on 25 February was a confident performance that will be generally well-received by the market, despite his announcing increased taxes and reduced economic growth forecasts. As in other recent budget speeches, Nene placed the government’s social welfare programs aimed at addressing poverty, health, education and unemployment at the

Russia - 06

Russia: Denial of Access: Miller Resists Sechin

On 19 February the Sakhalin Arbitration Court rejected Rosneft’s lawsuit filed in July 2014 against Sakhalin Energy, in which Rosneft demanded access to the gas pipeline controlled by the Sakhlain-2 consortium. Gazprom, which was brought into the arbitration hearing as the dominant shareholder in Sakhalin Energy, argued that there was no spare capacity in the

Libya - 04

Libya Dawn-Islamic State Military Tensions: Implications for IOCs

The 20 February car bomb attacks in al-Qubba, the eastern town which is home to House of Representatives (HoR) head Aguila Issa, highlights the growing reach of militants loyal to the Islamic State of Iraq and the Levant (ISIL) in Libya. The suicide bombings, which left dozens dead, were allegedly carried out by Libyans and

Mexico - 03

Mexico: Grupo Bal Enters Sector with New E&P Company

On 11 February Grupo Bal named Carlos Morales Gil, one of the most experienced and connected engineers in the country, head of its new oil and gas company, Petrobal. The new firm will soon be listed in the Mexican stock exchange as the conglomerate’s sixth public company. Petrobal will not meet the requirements to compete

South Africa - 01

South Africa: Portfolio Committee Considers Zuma’s MPRDA Reservations

On 18 February the National Assembly’s Portfolio Committee on Mineral Resources met to discuss President Jacob Zuma’s recommendations on the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill. Despite the input from parliamentary legal advisor Desiree Swartz, there is still some confusion over the procedures that parliament will need to follow in order to

Libya - 05

Libya: Embattled Thinni Under Pressure from Haftar Camp After Benghazi Visit

Already under pressure as a result of protests against his government in Baida, Prime Minister Abdullah al-Thinni is now facing increasing challenges from Operation Dignity leader General Khalifa Haftar and his loyalists. Continued fighting in Benghazi and the oil crescent have prevented adequate supplies from reaching the east. The resulting food and fuel shortages, coupled