Russia - 05

Russia: Rosneft: Debt and Output in 2015

Rosneft’s financial and operating results for the first nine months of 2015 unveiled on 25 November demonstrated two major trends. The first is the reduction in the company’s debt: Aided by about $14bn in prepayments from its Chinese buyers, Rosneft reported a major drop in its net debt, which currently stands at $24.5bn – less

Turkey - 05

Turkey: Erdogan Handpicks Cabinet

On 24 November Prime Minister Ahmet Davutoglu announced the new Turkish cabinet elected into office after the 1 November early elections. The most significant detail about the cabinet is that a different one was proposed by Prime Minister Davutoglu initially, but was altered by President Erdogan during their pre-announcement meeting. Based on Horizon contacts close

Indonesia - 04

Indonesia: Released Freeport Tapes: Implications for Minister Said

On 16 November Minister of Energy and Mineral Resources Sudirman Said submitted to the DPR Ethics Committee the transcript of a recorded meeting in which DPR Chair Setya Novanto and businessman Muhammad Riza Chalid, the reputed kingpin of the “oil and gas mafia,” allegedly attempted to extract concessions from Freeport Indonesia President Director Maroef Sjamsoeddin.

Mozambique - 04

Mozambique: Growing Religious Tensions in the North: Signposts for IOCs

On 5 November an FIR police contingent was dispatched to the Muslim-majority coastal village of Pangane in Cabo Delgado province to restore order after a local police officer was killed in religious unrest. The outburst of violence in Pangane, which lies halfway between Pemba and Palma, was the result of a local Muslim leader issuing

South Africa - 06

South Africa: PASA Indicates Zwane’s Support of MPRDA Revisions

During his presentation at a South Africa Oil and Gas Alliance event on 19 November, PASA Resource Evaluation Manager Dave van der Spuy indicated that Minister of Mineral Resources Mosebenzi Zwane is supportive of the recent agreement between his department and oil and gas industry players over the MPRDA Amendment Bill. The agreement addressed several

Mexico - 02

Mexico: Collective Bargaining at Pemex: Prospects for the Sector and IOCs

On 13 November Pemex and STPRM signed a long-awaited new collective bargaining agreement. Since August of last year, Pemex and the STPRM had been conducting negotiations to strike a new deal, but they had proved fruitless; as late as June, an agreement appeared unfeasible. Notably, the new agreement will not affect older generations of Pemex

Libya - 01

Libya: Filling the Silence: The Failed UN Process and Western Strikes on ISIL

Over the weekend the US claimed it had killed a senior ISIL figure in Libya in military airstrikes on 14 November. The target of the strikes around the eastern town of Derna was Abu Nabil, also known as Wissam Najm Abd Zayd al-Zubaydi, described as “an Iraqi national who was a long-time al-Qaeda operative and

Turkey - 03

Turkey: The Power Balance between Erdogan and Davutoglu: November Elections and G-20 Summit

Following 1 November snap general elections, a significant divide has emerged among the Turkish analytical community. Since an overwhelming majority of reputable experts and polling organizations – including the majority of senior Justice and Development Party (AKP) members – failed to predict the election results, these observers entered into a debate over whether the election

Russia - 06

Russia: Father and Son Duo Amasses Oil Assets

In recent days, Russian media reported the sale of Negusneft, a Western Siberian producer, by Sintez, a company controlled by Leonid Lebedev. The buyers are Yuriy and Aleksei Khotin, a mysterious father and son duo who have been steadily acquiring oil and gas assets in the past few years. Negusneft brings the total number of