11 March 2020
Timor-Leste's revised Law on Petroleum Activities has just been published. It amends 15-year old legislation regulating an economic activity that is the country´s main source of income. The awarding of exploration under a new licensing round is expected.
17 October 2019
As LNG projects in the north of Mozambique progress, the government faces two major hurdles: financially, to find capital for its share of the investment needed to develop the Rovuma basin world-class natural gas reserves, which could top US$1 billion; militarily, to ensure safety in Cabo Delgado province from Islamist insurgents. In both instances, Russia has come to the rescue.
08 October 2019
On 30 August, Timor-Leste celebrated the 20th anniversary of the referendum that eventually led to independence from Indonesia in 2002. Despite the national pride generated by the occasion, the country is still struggling to stabilise the economy and reduce poverty levels.
27 June 2019
Oil production is a decades-old dream for São Tomé and Príncipe, especially for its cash-starved government and new developments in the country’s Exclusive Economic Zone (EEZ), which neighbour those of important oil-producing countries like Equatorial Guinea and Gabon, have made major oil companies look twice.