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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
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.Socio-economic returns Find out more
This is the summary of a workshop, held in Georgetown on 21–22 June 2017, that examined how petroleum development might influence Guyana’s development trajectory as well as the various mechanisms of saving petroleum revenues and rules for spending them.Socio-economic returns Find out more
Mohammed Amin Adam is Ghana’s Deputy Minister of Energy and member of parliament for Karaga. He also chairs Ghana’s newly established 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).
Dr. Sarpong has been in executive management for nearly thirty-five (35) years.He was Chief Accountant and General Manager, Ghana Food Distribution Corporation (1983-1990),Deputy Managing Director, Produce Buying Company Limited (1990-1994), Deputy ChiefExecutive, Ghana Cocoa Board (1994-1998), Head of Administrative & Financial ServicesDivision, International Cocoa Organisation London (1999-2003), Deputy Managing Directorand Managing Director, Tema Oil Refinery (2003-2009),Executive Chairman, KumasiAsante KotokoFootball Club (2010-2013),Group Chief Executive, Global Haulage GroupLimited (2014-2016). Since January 2017, Dr.Sarpong has served as Chief Executive ofGhana National Petroleum Corporation(GNPC). A result-oriented person,Dr. Sarpong Carried out relevant initiative in the organisations mentioned above to turn around their fortunes.
Dr. Sarpong stepped down as Chair of the New Producers Group Advisory Board in April 2022, after a successful period of leadership, bringing a strong vision and voice to the Group. His successor as Chair will be announced shortly.
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.
Walid Nasr is the Chairman of the Lebanese Petroleum Administration and Head of the Strategic Planning Department. Walid held several senior managerial and technical positions with the United Nations agencies in Lebanon and abroad, working closely with Governments public institutions, and international organizations at both the national and international levels. He has wide professional expertise in diverse developmental fields including policy, planning and programming in energy, natural resources management, and sustainable development.
Dr Valérie Marcel is an associate fellow in the Energy, Environment and Resources programme at Chatham House and project lead for the New Producers Group. She is an established expert on national oil companies, petroleum-sector governance and emerging strategic issues shaping the energy sector. She is the author of Oil Titans: National Oil Companies in the Middle East (Chatham House/Brookings, 2006). She advises governments in sub-Saharan Africa, the Eastern Mediterranean, South America and the Caribbean on petroleum sector policy and governance. She is deputy chair of the governing board of Renewable Energy and Energy Efficiency Partnerships (REEEP) and is a member of the World Economic Forum’s oil and gas strategy council. She previously led energy research at Chatham House and taught international relations at the Institut d’études politiques (Sciences Po) Paris, and at Cairo University.
Naadira Ogeer has 20 years industry experience across all aspects of the exploration and production value chain covering both the investors and Government perspective. She is an economic adviser in the Commonwealth Secretariat’s Ocean and Natural Resources Advisory Division. In this capacity, she advises governments in sub-Saharan Africa, the Caribbean and the Pacific on policy, fiscal regimes, sector regulation and contract negotiations. Naadira also delivers customized training to member countries and is the project lead for the Commonwealth Secretariat in the New Producers Group.
Prior to this role, Naadira worked at BP for 15years in various senior strategy, commercial and planning roles at Group Headquarters (Strategy Advisor – Group Strategy & Policy), Houston (Senior Business Advisor – Upstream Planning), Aberdeen (commercial advisor) and Trinidad (Head - Upstream Commercial Operations, Head of Strategy, Planning and Performance Management). She has been involved in multiple aspects of investment decisions at project, country and company level including managing economic evaluation teams and support for upstream executives on matters of project portfolio decisions.
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 is a senior visiting fellow at the Center for Law, Energy & Environment at the University of California, Berkeley.
Patrick is an Advisor at NRGI and his 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 emerging work on the implications of climate change for the economies of resource-dependent countries. He contributes extensively to NRGI’s programs of technical assistance to governments and civil society organizations throughout the world, and to NRGI’s capacity development efforts. Patrick is the project lead for the Natural Resources Governance Institute in the New Producers Group.