offshore
Reports on offshore See all →
GIS Dossier: Mozambique’s roller-coaster ride
Mozambique seemed to have it all. Its economy took off after a long and bloody civil war ended in 1992, accelerating further after discoveries of vast natural gas and oil reserves in 2010-2012 prompted the government to liberalize the energy sector. Yet the country’s rags-to-riches scenario has yet to materialize, mostly because of its penchant for self-defeating internal conflicts.
From gas to governance: Mozambique’s slippery slope
Mozambique's dreams of gas riches moved closer to reality this month with the signing of an $8 billion LNG export project led by Italy’s Eni in cooperation with Exxon Mobil. The timing could not be better for a desperately poor country whose success story has gone sour amid a massive ...
Angola’s dependence on oil exacts toll as 2017 elections loom
Since the end of Angola’s civil war (1975-2002), oil production in the country has rapidly increased. Production more than doubled between 2004 and 2008, from 800,000 to 1.7 million barrels per day, stabilizing at around 1.8 million bpd in 2015. Oil revenues alone injected an estimated $470 billion into Angolan ...
The energy mix revolution in Japan
Japan is moving full throttle toward renewable energy. Five years ago, before the Fukushima Daiichi accident in March 2011, such a development would have been inconceivable because the country’s so called “nuclear village” held tight control over the energy sector. The powerful pro-nuclear lobby comprised of elite bureaucrats, utility executives, ...
Argentina weighs up energy price adjustment
Argentine President Mauricio Macri must cope with an energy sector in dire straits. Policy over the past decade has been inconsistent and often counterproductive. Subsidies weigh heavily on public finances. However, reforming the hydrocarbon extraction and refining industries should prove far easier politically than solving the country’s challenges in electricity ...
