Archive

1611 results found. Displaying results 1 to 10.

Publication: Year:

African Energy - Issue 403 - 07/11/2019

The United States’ Millennium Challenge Corporation (MCC) on 23 October withdrew $190m of grant funding to Ghana, the same day the government formally began the process of cancelling a concession agreement between the state-owned Electricity Company of Ghana (ECG) and Power Distribution Services Ghana Ltd (PDS). The cancellation follows controversy over the validity of payment securities provided by PDS as part of the transaction (AE 402/10, 398/15).

Go to full issue

Gulf States News - Issue 1091 - 31/10/2019

Doubts about Crown Prince Nawaf’s health spur talk of change in Kuwaiti succession

The return of Emir Sheikh Sabah Al-Ahmed Al-Jaber AlSabah to Kuwait after an extended period of medical checks in New York appears to have settled some nerves about the immediate succession (GSN 1,090/7). Notwithstanding his health issues, the 90-year-old emir appears in relatively good shape for his age. However, succession is set to remain a live issue, particularly given fresh doubts about Crown Prince Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah’s future as heir apparent. GSN’s soundings suggest the succession to Sheikh Sabah may skip a generation, but keep power within the emir’s nuclear family. GSN understands that the emir’s halfbrother Sheikh Nawaf is highly unlikely to succeed given his own health issues. Sources suggest that the emir’s 71-year-old son, defence minister and deputy prime minister Sheikh Nasser Sabah Al-Ahmed Al-Sabah, is now most likely to step up to fill any potential vacancy, but formal decisions have yet to be made.

Go to full issue

African Energy - Issue 402 - 24/10/2019

Quiet spell in African generation growth continues into Q2

The second quarter of 2019 saw 1.8GW of generation capacity added to the grid in Africa. This was a notable increase on Q1, which saw the slowest growth this decade when compared with quarterly averages from previous years. However, 794MW resulted from a unit coming online at the long-delayed Medupi coal power plant in South Africa, which has been bringing online new units periodically since 2015 and has been under construction since 2007.

Go to full issue

Gulf States News - Issue 1090 - 17/10/2019

Abu Dhabi-Dubai ties under pressure from regional instability and economic doldrums

The relationship between Abu Dhabi Crown Prince and UAE Armed Forces deputy supreme commander Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ) and Dubai Ruler, federal Vice President and prime minister Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) is inevitably complex, with many of its working parts hidden from public view and shielded by a cloak of lèse-majesté. Ties that have bonded the two leaders in creating in the emirates a global pole of commercial achievement and influence have long played a positive role in the region.

Go to full issue

African Energy - Issue 401 - 10/10/2019

Ke nya has long been one of the most open markets in subSaharan Africa, but private investors in the country’s power sector are not having an easy ride. Power tariffs are being pushed downwards, with the most recent solar power purchase agreements (PPAs), signed earlier this year, reaching $0.075/kWh, despite government support for payments from the utilities it controls being steadily diluted. Companies frequently find policymaking opaque and must contend with unexpected rule changes and the endless renegotiation of documentation. Owners of thermal peaking plants have been threatened with tariff renegotiations, while the government has asked the Energy and Petroleum Regulatory Authority to ensure the plants are not used unless absolutely necessary.

Go to full issue

Gulf States News - Issue 1089 - 03/10/2019

US President Donald Trump’s lack of enthusiasm for backing up his heated anti-Iranian rhetoric with meaningful military resources, even in the wake of last month’s attack on the Abqaiq oil facilities in Saudi Arabia, appears to be a key underlying factor in renewed efforts from within the region to de-escalate tensions. Trump has taken heed of trusted media voices that a Middle East war now would torpedo his re-election chances, while the two main regional protagonists, Iran and Saudi Arabia, are both in positions of relative weakness.

Go to full issue

African Energy - Issue 400 - 27/09/2019

Angola launches Namibe Basin bid round as new agency pursues sector reform

Angola has announced details of a forthcoming licensing round offering blocks in the Namibe and Benguela basins. The round is the first outing for the new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), created from splitting Sonangol’s roles as concessionaire and equity holder, and a first test for whether last year’s reforms to the country’s oil and gas laws can attract new licensing interest.

Go to full issue

Gulf States News - Issue 1088 - 19/09/2019

Abqaiq attack raises more awkward questions about regional alliances and balance of power

The massive attack launched on the critical Saudi Aramco oil processing facilities at Khurais and Abqaiq early on 14 September was not just another drone strike by the Houthis – as the Yemeni movement claimed – but in all likelihood was launched from Iran, reflecting the extent that the Islamic Republic has emerged as a significant military power. As well as placing unexpected new pressures on the global oil market, it pitched Crown Prince Mohammed Bin Salman (MBS) and the Saudi leadership into yet another crisis – of how to respond against an enemy that has shown it has the commitment and wherewithal to do great damage – and US President Donald Trump, who newly shorn of his hawkish national security advisor (NSA) John Bolton must articulate a credible response.

Go to full issue

African Energy - Issue 399 - 12/09/2019

Currency shifts begin to affect business in Côte d’Ivoire and beyond

The postponement of an infill drilling programme to expand production from the offshore Espoir field on Block CI-26 raised concerns in the industry when Canadian Natural Resources (CNR) announced the move in early August. In its Q2 2019 results statement, the Calgary-based operator said the postponement was “due to ongoing discussions with the government” and that the drilling programme would be “cancelled until such time as foreign exchange practices can be clarified”.

Go to full issue

Gulf States News - Issue 1087 - 05/09/2019

Health scare for Kuwait’s Emir Sheikh Sabah focuses minds on the future

Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah’s health was the subject of renewed concern and speculation following an unscripted mid-August revelation about the 90-year-old emir’s apparently poor health by Iranian foreign minister Mohammad Javad Zarif. However, as GSN went to press, the indefatigable nonogenarian emir was expected to visit the United States for talks with President Donald Trump and on 2 September was pictured laughing with Egyptian President Abdel Fattah Al-Sisi at the Bayan Palace in Kuwait.

Go to full issue
African Energy Gulf States Newsletter