Socio-economic returns Library

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Policy brief  2023

Field Development Plans: A Handbook for Government Officials

This handbook for the government’s review of Field Development Plans (FDP) has been developed for the members of the New Producers Group, following our training on the topic. Developing a petroleum field requires the safe and efficient execution of extremely complex, technical, risky, multi-billion-dollar projects. The Field Development Plan (FDP) […]

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Policy brief  2021

Tying Their Hands? How Petroleum Contract Terms May Limit Governments’ Climate Policy Flexibility

Have producer countries begun to modify petroleum contract terms in response to climate change and energy transition risks? This briefing reviewed 34 contracts and model contracts from 11 countries, signed or issued since the Paris Agreement. This review focused on stabilization, arbitration, and force majeure clauses.

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Article  2020

Should Sovereign Wealth Funds Invest to Achieve the Paris Agreement?

Almost all the government owners of sovereign wealth funds are signatories to the Paris Agreement under the United Nations Framework Convention on Climate Change. Yet, despite this commitment, the world is not on course to meet these goals. There has been a significant effort, however, by regulators and investors to better integrate climate change considerations into financial markets and ensure investment is consistent with the Paris Agreement’s goals. This article argues that sovereign wealth funds should be at the vanguard of these efforts by investors to achieve the Paris Agreement’s goals.

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Article  2020

Africa’s New Oil and Gas Producers Must Prepare for More Disappointment in the Post-Coronavirus Era

The crash in oil and gas prices, triggered by the coronavirus pandemic and the slump in economic activity, has dealt a blow to the plans and public finances of major oil- and gas-producing countries. But a group of countries in sub-Saharan Africa once designated as “prospective producers” are facing a different challenge.

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Video  2020

Impact of Covid and the oil price crash on the local content policies

The risks associated with global supply chains are more prominent as a result of the crisis. But there are also risks associated with local suppliers. Will international oil companies’ own commercial and strategic interests drive them to invest more in developing the capabilities of local suppliers? How can governments reduce the vulnerability of their national suppliers to pandemic risks? This meeting in the Fostering Resilience in Crisis series was under Chatham House Rule.

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Report  2020

How Did Africa’s Prospective Petroleum Producers Fall Victim to the Presource Curse

This paper reviews resource sector developments in 12 countries in Sub-Saharan Africa that made their first (major) petroleum discoveries during the most recent commodity boom. The analysis, which goes back to 2001, looks at sector forecasts of international organizations, governments, and companies and compares them with the results that emerged.

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Report  2020

Enhancing the Performance of African National Oil Companies

Countries endowed with oil and gas hope these resources will lift their economies. They create national oil companies (NOCs) to act as vehicles for national participation in the oil and gas sector, to capture a greater share of the resource rents and act as catalysts for the implementation of broader development goals. This study proposes a methodology to evaluate and benchmark the performance of African NOCs, taking into account the regulatory and policy environment in which they operate.

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Article  2019

Gushing Money, Staying Green

Guyana has struck oil but intends to stick to its low-carbon path, writes Valerie Marcel in Georgetown.

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Event summary  2018

New Petroleum Producers Urged to Heed ‘Local Context’ in Policy Making

Emerging petroleum producing countries have been urged to carefully consider country context when forming local content policies – or risk long-term drawbacks to the development of the sector. This was one of the conclusions from a local content workshop held in Beirut over 21-23rd May which included representatives from Namibia, Guyana, Ghana and Uganda.

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Event summary  2018

Local Content Policy Implementation

The New Producers Group organized a workshop in Beirut on 21–23 May 2018 on local content policy design and implementation in collaboration with the Lebanese Petroleum Administration (LPA) and the Norwegian Oil for Development programme. The workshop was held just a few months after Lebanon signed its first petroleum licences. There is keen interest in Lebanon in the economic opportunities this emerging sector will create. Lebanon’s local content policy was naturally a focus of discussions, but the workshop was equally concerned with exploring a diverse range of international experiences.

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Dr Valérie Marcel is co-founder and executive director of the New Producers for Sustainable Energy. She is an expert on national oil companies, governance, energy transition and emerging strategic issues shaping the energy sector and advises governments and NOCs on these issues. She is a Research Associate at SOAS and an Associate Fellow at Chatham House, and sits on various advisory councils, including at the Natural Resource Governance Institute, the OECD, and the Payne Institute. She served as both Deputy Chair and Chair of the Governing Board of the Renewable Energy and Energy Efficiency Partnerships (REEEP). She was a member of the World Economic Forum's Strategy Officers group and of Columbia University’s Executive Session on the Politics of Extractives. Previously, she led energy research at Chatham House and taught international relations at the Institut d’études politiques (Sciences Po), Paris and Cairo University.

In 2020, Marny Daal-Vogelland retired from Staatsolie, the NOC of Suriname, after a career of over 23 years. As director of the Staatsolie Hydrocarbon Institute she was responsible for the team that assessed the petroleum potential in offshore Suriname, promoted the investment opportunities in oil and gas, negotiated petroleum agreements and monitored signed petroleum agreements. During her career she prepared and executed bidding rounds, technical study agreements and was the lead negotiator of seventeen PSCs for twelve offshore and five onshore blocks. Marny is a member of the supervisory board of the Republic Bank, the St Vincentius Hospital, the Majella senior citizen center. She has lectured at the Anton de Kom University of Suriname and has served on several committees on behalf of the Government, employers’ organizations, and trade unions. She holds a master’s degree in law and an MBA in Petroleum & Gas Management.

Peter Stewart is an EMEA lead at Squire Patton Bogg's Energy & Natural Resources Group and a partner in the London office. Peter's practice spans energy and infrastructure projects, corporate and technology transactions, and international arbitration. His geographic focus in energy, infrastructure and arbitration has been on Africa and emerging economies, while his corporate practice has been mainly in private equity, venture capital, and mergers and acquisitions largely in the technology arena.

Laura Robinson, CPA, MPA, CFE, is the President of the ICGFM and President of Swale House Partners Inc., providing bespoke risk management services to government clients worldwide. Prior to Swale House Partners, she served as a senior civil servant with the U.S. Government after starting her career as an auditor at Deloitte. Mrs. Robinson is a Certified Public Accountant, a Certified Fraud Examiner, and Certified in Business Continuity Management.  She holds an International Diploma in Risk Management from the Institute of Risk Management, an Masters in Public Administration from Columbia University’s School of International and Public Affairs (SIPA), and a Bachelor of Science in Accounting from the University of Southern California.

Vanessa Ushie is Acting Director of the AfDB’s specialised department for natural resources management and investment, and Manager of the division for policy analysis on natural resources. She leads the AfDB’s strategy, programmes, and policy engagements to catalyse natural resource investments for sustainable development in Africa. She has worked for over 20 years on sustainable development. Vanessa holds a PhD in Economics from SOAS, University of London.

Dr Valérie Marcel is co-founder and executive director of the New Producers for Sustainable Energy. She is an expert on national oil companies, governance, energy transition and emerging strategic issues shaping the energy sector and advises governments and NOCs on these issues. She is a Research Associate at SOAS and an Associate Fellow at Chatham House, and sits on various advisory councils, including at the Natural Resource Governance Institute, the OECD, and the Payne Institute. She served as both Deputy Chair and Chair of the Governing Board of the Renewable Energy and Energy Efficiency Partnerships (REEEP). She was a member of the World Economic Forum's Strategy Officers group and of Columbia University’s Executive Session on the Politics of Extractives. Previously, she led energy research at Chatham House and taught international relations at the Institut d’études politiques (Sciences Po), Paris and Cairo University.

Dr. Mohammed Amin Adam is Ghana’s Minister of State for Finance and a member of parliament for Karaga. He was previously Deputy Minister of Energy and chaired Ghana’s National Energy Transition Committee. He has worked extensively on extractive industries and resource management as a University lecturer, advisor on resource governance and a campaigner for transparency in resource management around the globe. Before working in the Ministry of Energy, Amin Adam was the Founder and Executive Director of the Africa Centre for Energy Policy (ACEP).

Honey Malinga holds a Master of Science in Exploration Geophysics, a diploma in Exploration Geophysics and a Bachelor of Science in Physics. He currently serves as a Director, Directorate of Petroleum, Ministry of Energy and Mineral Development, Uganda.

Vandana Gangaram Panday is Director of the Surinamese regulator Staatsolie Hydrocarbon Institute. She previously held various role in Staatsolie, the national oil company of Suriname, including Manager of Offshore Strategy, E&P Strategy, Strategy and Business Development Manager, and

Patrick has worked on legal reform and governance initiatives in the developing world for more than 20 years for organizations including USAID, the U.S. State Department, the Asian Development Bank, Creative Associates International and The International Center for Transitional Justice. He was a senior visiting fellow at the Center for Law, Energy & Environment at the University of California, Berkeley.

Patrick is Chief Program Officer at NRGI and his own research work focuses on several core elements of natural resource governance, including the management of state-owned enterprises, legislative and regulatory reform and oil and mining contracts. He coordinates the organization’s work on the implications of climate change for the economies of resource-dependent countries.

Dr Valérie Marcel is co-founder and executive director of the New Producers for Sustainable Energy. She is an expert on national oil companies, governance, energy transition and emerging strategic issues shaping the energy sector and advises governments and NOCs on these issues. She is a Research Associate at SOAS and an Associate Fellow at Chatham House, and sits on various advisory councils, including at the Natural Resource Governance Institute, the OECD, and the Payne Institute. She served as both Deputy Chair and Chair of the Governing Board of the Renewable Energy and Energy Efficiency Partnerships (REEEP). She was a member of the World Economic Forum's Strategy Officers group and of Columbia University’s Executive Session on the Politics of Extractives. Previously, she led energy research at Chatham House and taught international relations at the Institut d’études politiques (Sciences Po), Paris and Cairo University.