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  1. Nigeria – what consents are now required in upstream M&A transactions?

    Monday, February 9, 2015 5:43 pm by and

    The recent Moni Pulo decision of the Nigerian High Court[1] has changed the settled understanding of when Ministerial consent is required in Nigerian upstream M&A deals. This article considers the consequences of that court decision, the effects seen in recently completed transactions, and the implications when structuring acquisitions/disposals of Nigerian upstream interests.

    The Moni Pulo decision and its background

    A typical feature of petroleum legislation across the world is the need for prior governmental consent before any change is made to the identity of the upstream concession interest-holder. Exactly what kind of change in identity or what sort of transaction will necessitate a consent is not always perfectly prescribed in the law or the underlying petroleum concession, often leading to difficult questions of interpretation, as happened in the Moni Pulo case. (more…)


  2. West Africa – a role for off-grid renewable energy?

    4:45 pm by and

    West Africa is a land of opportunity, home to some of the richest oil and mineral resources in the world.  The rush for the region’s oil, gold, iron and other commodities has driven economic growth at a faster rate than anywhere else in Africa.

    Yet West Africa’s bountiful wealth may also be limiting its development potential.  The increasing demand from industry is placing enormous strain on an aging and inadequate infrastructure, with installation of new capacity hampered by inefficiency and poor governance.

    With population growth now outstripping the rate of new supply, it seems unlikely that West Africa’s energy demands can be met solely by development of national or international grids.  In this article, we consider the energy challenges facing the region, the role of the West African Power Pool and the potential of off-grid development to provide renewable, reliable energy supply beyond the grid. (more…)


  3. Gabon 2014 update: The Gabonese farm-out market – ripe for the picking

    4:27 pm by and

    The Gabonese oil and gas industry shifted into “full steam ahead” mode in 2014. Confronted with over a decade of falling oil production, Gabon has decided to actively engage with the industry that still accounts for 80-90% of its total export earnings. On 4 August, Gabon completed a 13-block offshore licencing round which was launched in 2013 and on 28 August, the long-awaited new Petroleum Code became law. It is also rumoured that a further licensing round will be launched in Q3 of 2015 after the government completes the interpretation of 3D seismic data that is currently being acquired. The message from Gabon is that it is open for business and keen to attract foreign investment in the oil and gas sector. (more…)


  4. Electrifying Africa: A View from Washington

    4:05 pm by

    As Western governments continue—and rightfully so—to focus on the threats to African nations from the Ebola virus and Boko Haram, policymakers are also eyeing the continent as a critical producer and consumer of energy in the 21st century.

    Power Africa

    In 2013, President Obama announced an initiative, “Power Africa,” to direct U.S. funds, loan guarantees, and technical assistance to electrification projects in Sub-Saharan Africa. The program is coordinated by the U.S. Agency for International Development (USAID), with 12 different agencies involved in project implementation. Power Africa’s goal is to facilitate the installment of 10,000 MW of new generation capacity. To date, the program has closed on financial transactions that will generate 2,792 MW. (more…)


  5. Around the Corner: How Drones Are Changing the Energy Industry

    Wednesday, February 4, 2015 2:07 pm by , and

     

    Drones – or, in Federal Aviation Administration parlance, Unmanned Aircraft Systems (“UAS”) – are proliferating everywhere.  In the past few weeks an unmanned drone landed on the White House grounds and the federal government had to issue warnings not to fly drones over the Super Bowl.  The energy industry has already begun to exploit UAS’s potential for enhanced efficiency and safety.   Likewise, governments are finding ways to use drones to further their monitoring and enforcement efforts.  It promises to be very interesting times.

    This blog will focus on the use of drones in the energy industry and the FAA’s upcoming proposed regulations governing UAS usage. (more…)


  6. Renewable Power in Egypt: The Right FiT?

    11:55 am by , and

    The Government of Egypt has said that Egypt must invest US$12 billion in the electricity sector over the next five years in order to meet that country’s urgent electricity demands.  Renewable power – both solar and wind – will be a key part of this initiative.

    Egypt plans up to 2,300 MW of solar and up to 2,000 MW of wind generation in the first regulatory period.  This will include 2,000 MW of Solar PV from 500 kW up to 50 MW, 300 MW of Solar PV Projects below 500 kW and 2,000 MW of wind generation. The first regulatory period will end when these targets are met, or after 2 years, whichever is sooner. (more…)


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