Lingering border dispute will hamper Lebanon gas hopes

2019 ◽  
Keyword(s):  
Middle East ◽  
Oil And Gas ◽  
Prime Minister ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Secretary Of State ◽  
Border Dispute ◽  
Exploration Activity

Subject The Lebanon-Israel maritime border dispute. Significance President Michel Aoun in September told David Schenker, the incoming US assistant secretary of state for the Middle East, of the importance of US mediation between Lebanon and Israel to settle their maritime border dispute. Prime Minister Saad al-Hariri had said during a visit to Washington in August he hoped the issue would be resolved this month. Lebanon has been trying to promote offshore gas exploration and recognises that the lack of settled boundaries with Israel is a major disincentive for investors as it tries to encourage bids for offshore exploration blocks. Impacts Protracted Israeli coalition talks will preclude any engagement on their side for some weeks. Recent clashes between Israeli forces and Hezbollah will add an extra complication. Both sides will press their claims with provocative actions in the disputed area such as deploying naval vessels or approving exploration. The dispute's lack of resolution will not hinder most oil and gas exploration activity in either Lebanese or Israeli waters.

Oil optimism may face headwinds in Guyana

2016 ◽  
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
Economic Environment ◽  
Oil Exploration ◽  
Content Type ◽  
Border Dispute ◽  
Offshore Oil And Gas ◽  
Offshore Oil ◽  
Exploration Activity

Subject The outlook for offshore oil. Significance A recent offshore oil and gas find has given Guyana hope of becoming a significant oil producer. However, while this and an earlier find are encouraging and further exploration is planned, the current uncertain economic environment and fluctuating oil prices suggest that bringing these finds into production is not guaranteed. Impacts Oil exploration activity may prompt a flare-up of the continuing border dispute with Venezuela. A major offshore oil find would have a very significant impact on Guyana's GDP of some 4 billion dollars. However, over-optimism could lead to borrowing against an expected future windfall, or the temptation to prioritise 'vanity' projects.

Israeli-Lebanese offshore gas race may raise tensions

2017 ◽  
Keyword(s):  
Oil And Gas ◽  
Prime Minister ◽  
Political Pressure ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Offshore Oil And Gas ◽  
Political Uncertainties ◽  
Offshore Oil

Significance The bids came from Greece’s Energean, an existing investor, and a consortium of Indian firms; there was little wider international interest. Neighbouring Lebanon’s first offshore oil and gas exploration round, which closed on October 12, was similarly disappointing, with just two bids received from one consortium consisting of France’s Total, Italy’s Eni and Russia’s Novatek. Impacts Political uncertainties following the resignation of Lebanese Prime Minister Saad al-Hariri could slow hydrocarbons exploration. The Lebanese government will be under domestic political pressure from NGOs to ensure transparency in its award of exploration licences. Israel will launch further bid rounds for the remaining blocks, but these are unlikely to produce a different result.

India-Israel defence ties will deepen

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Prime Minister ◽  
Strategic Partnership ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Oil And Natural Gas ◽  
Defence Cooperation ◽  
Offshore Oil And Gas ◽  
Offshore Oil

Subject Indian-Israeli cooperation in defence trade and manufacturing. Significance Indian Prime Minister Narendra Modi’s visit to Israel in July raised relations between the two countries to what was described in a joint statement as a "strategic partnership". Defence cooperation featured in talks between Modi and his Israeli counterpart Binyamin Netanyahu. Impacts India will struggle to meet its target of reducing imported defence products by 40% within the next ten years. India’s Oil and Natural Gas Corporation is likely to bid for Israeli offshore oil-and-gas exploration blocks. Closer relations between India and Iran may raise concerns in Israel.

South Africa gas discovery could revive energy sector

2019 ◽  
Keyword(s):  
South Africa ◽  
Oil And Gas ◽  
Service Industries ◽  
Power Sector ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Light Oil ◽  
Gas To Liquids ◽  
Domestic Power ◽  
Exploration Activity

Significance Total in February announced the “significant” new Brulpadda discovery in the Outeniqua Basin, which is estimated to include potentially 1 billion barrels of global resources, gas and condensate light oil. The company will return to the seas off South Africa in December for further drilling to assess Brulpadda’s potential. Impacts An upturn in oil and gas exploration activity offshore will benefit ports and service industries, raising the chances of more discoveries. Brulpadda could have positive impacts on the domestic power sector, but this will be unclear until appraisal has been completed. The discovery could provide new feedstock for the Mossel Bay gas-to-liquids plant which is running at less than half capacity.

Algeria aims to put its finances on a sustainable path

2021 ◽  
Keyword(s):  
High Risk ◽  
Income Tax ◽  
Oil And Gas ◽  
Prime Minister ◽  
Policy Reforms ◽  
Content Type ◽  
Finance Minister ◽  
Price Increases ◽  
Investment Law ◽  
Subsidy Reform

Significance The prime minister and finance minister, Aymane Benabderrahmane, has loaded some substantive policy reforms into the 2022 budget law, including a provision for reform of the subsidy system, revisions to the investment law and changes to income tax. Impacts There is a high risk that within the next five years there will be a slump in oil and gas prices. Algeria’s heavy reliance on hydrocarbons makes it particularly vulnerable once momentum builds up for global decarbonisation. Subsidy reform will entail price increases, even if they are gradually applied.

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

2016 ◽  
Vol 29 (6) ◽  
pp. 917-962 ◽  
Author(s):  
K.S. Reddy ◽  
En Xie ◽  
Yuanyuan Huang
Keyword(s):  
Oil And Gas ◽  
Case Analysis ◽  
Telecommunications Industry ◽  
Government Control ◽  
Target Firm ◽  
Content Type ◽  
Poor Countries ◽  
Oil And Gas Exploration ◽  
Cross Border ◽  
Cross Case Analysis

Purpose Drawing attention to the significant number of unsuccessful (abandoned) cross-border merger and acquisition (M&A) transactions in recent years, the purpose of this paper is to analyze three litigated cross-border inbound acquisitions that associated with an emerging economy – India, such as Vodafone-Hutchison and Bharti Airtel-MTN deals in the telecommunications industry, and Vedanta-Cairn India deal in the oil and gas exploration industry. The study intends to explore how do institutional and political environments in the host country affect the completion likelihood of cross-border acquisition negotiations. Design/methodology/approach Nested within the interdisciplinary framework, the study adopts a legitimate method in qualitative research, that is, case study method, and performs a unit of analysis and cross-case analysis of sample cases. Findings The critical analysis suggests that government officials’ erratic nature and ruling political party intervention have detrimental effects on the success of Indian-hosted cross-border deals with higher bid value, listed target firm, cash payment, and stronger government control in the target industry. The findings emerge from the cross-case analysis of sample cases contribute to the Lucas paradox – why does not capital flow from rich to poor countries and interdisciplinary M&A literature on the completion likelihood of international takeovers. Practical implications The findings have several implications for multinational managers who typically involve in cross-border negotiations. The causes and consequences of sample cases would help develop economy firms who intend to invest in emerging economies. The study also offers some implications of M&A for telecommunications and extractive industries. Originality/value Although a huge amount of extant research investigates why M&A fail to create value to the shareholders during the public announcement and post-merger stages, there is a significant dearth of research on the causes and consequences of delayed or abandoned national and international deals. The paper fills this knowledge gap by discussing an in-depth cross-case analysis of Indian-hosted cross-border acquisitions.

scholarly journals Career cooperation, coordination, compatibility and co-working

2020 ◽  
Vol 35 (2) ◽  
pp. 121-139
Author(s):  
Susan Shortland
Keyword(s):  
Oil And Gas ◽  
Small Sample ◽  
Dual Career ◽  
International Assignments ◽  
Heterosexual Relationships ◽  
Strategic Choices ◽  
Content Type ◽  
Oil And Gas Exploration ◽  
Coordination Strategies ◽  
Work Abroad

Purpose The purpose of this study is to examine how female expatriates mobilise couples’ dual-career coordination strategic choices to achieve their own and their partners’ desired career goals. Design/methodology/approach This qualitative research is based upon in-depth interviews with 20 dual-career female expatriates working in two case study oil and gas organisations. Findings Female expatriates use a series of tactics ranging from cooperation in maintaining a dual-career hierarchy, through to coordinating aspects of their own and their partners’ assignments, undertaking compatible industry roles and co-working (working together in the same organisation) to attempt to achieve a greater egalitarian international dual-career strategic outcome. Research limitations/implications This case analysis was based on a relatively small sample of female expatriates in heterosexual relationships working in oil and gas exploration. Further research in different sectors, with larger samples, and with male expatriates is also needed. Practical implications Employers should minimise periods of separation by focussing on coordinated assignment timings for both partners, facilitate suitable employment for both partners who wish to work abroad, and prioritise securing partner work visas. Social implications The inability to pursue desired dual-careers together while undertaking international assignments can be detrimental to couples’ relationships, potentially leading to unwillingness to expatriate and thereby deliver necessary skills in the host country. Originality/value The originality lies in identifying the tactics women use to enact dual-career coordination strategies, including coordinating assignment timings and locations to reduce separation and pursuing compatible roles to achieve egalitarian career and relationship outcomes. While women expected co-working in the same firm to facilitate dual-career mobility, its career outcomes were disappointing.

Prospects for India in 2016

2015 ◽  
Keyword(s):  
Foreign Policy ◽  
Middle East ◽  
Prime Minister ◽  
Content Type ◽  
Bharatiya Janata Party ◽  
The Government

Subject Prospects for India in 2016. Significance Prime Minister Narendra Modi's government has accelerated its agenda of piecemeal and sequential reform following his Bharatiya Janata Party (BJP)'s defeat in the Bihar elections last month. As difficult state elections approach in the first half of 2016, the government is banking on these reforms and headline growth to secure voter and investor support. In foreign policy, the government is likely to focus on regions of strategic importance, especially Russia and the Middle East.

Imran Khan is likely to become Pakistan prime minister

2018 ◽  
Keyword(s):  
Foreign Policy ◽  
Saudi Arabia ◽  
Middle East ◽  
Prime Minister ◽  
Donald Trump ◽  
Content Type ◽  
Main Challenge ◽  
To Come ◽  
The Military

Significance The Pakistan Muslim League-Nawaz (PML-N)’s five-year term ended on May 31. PML-N President Shehbaz Sharif faces a tough fight to become prime minister, with the main challenge set to come from Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) and further opposition provided by Bilawal Bhutto Zardari’s Pakistan Peoples Party (PPP). Impacts With Khan as prime minister, the military would likely have free rein to pursue an anti-India foreign policy. Khan would step up his criticisms of the war in Afghanistan and likely have a difficult relationship with US President Donald Trump. Pakistan under any government will pursue balanced diplomacy in the Middle East, seeking good ties with both Saudi Arabia and Iran.

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