Oil and Gas

Landlocked within north-central Africa, Chad is among the world’s poorest countries, hindered by its desert climate and the fact that it has been ravaged by various civil wars during thirty of its forty years of independence. For decades the country suffered from a lack of economic investment, leaving it with one of the continents poorest infrastructure networks and a large majority of its adult population living below the poverty line.

It was at the beginning of the 1990s that the groundwork behind the foundation of EcoElectrica was first laid. Impacted by a combination of high oil prices and new legislation designed to combat the environmental impact of the fuel, the newly elected Government of Puerto Rico embarked on a plan to diversify the country’s energy portfolio, incorporating more clean, safe and cost effective alternative energy sources in order to reduce Puerto Rico’s dependency on oil, which at the time made up 99 percent of the energy used on the island.

Sub-Saharan Africa is recognised as one of the world’s fastest growing regions and within it exists some of the continent's fastest growing countries including Mozambique, Uganda, Tanzania and Kenya. It is in these countries that large gas and oil finds are helping to push annual growth rates above ten percent per annum, a trend expected to continue this decade.

The Republic of Suriname, with its capital city Paramaribo, is located just north of the Amazon delta on the northeast coast of South America. It is bordered to the north by the Atlantic Ocean, to the west by Guyana, to the east by French Guiana, and to the south by Brazil. This is a country with a rich mining history as one of the major bauxite and alumina producers in the world, however it also has oil, both onshore and offshore.

A survey commissioned by the Bank of Scotland questioned 100 companies in the industry and found that expectations of employment growth had increased since last year, with 69 percent of executives questioned proclaiming their optimism about their business’ growth prospects in 2014/2015.

An indigenous Nigerian oil and gas exploration, development, production and distribution company with assets and interests centred on two core areas in the northwest and southeast of the Niger Delta, Seven Energy’s vision is to solidify itself as the leading supplier of gas to the domestic market for power generation and industrial consumption.

Located to the east of the Dominican Republic and to the west of the Virgin Islands, the Commonwealth of Puerto Rico is renowned for its exotic locations, white sandy beaches, mountains, valleys and various natural splendours. Classified by the World Bank as a high income economy and as the most competitive economy in Latin America by the World Economic Forum, it also boasts the highest GDP per capita of any other nation in the Caribbean.

One of the select few oil companies in the world to operate through the length and breadth of the industry, from exploration and distribution through to the commercialization of the end products, Petroleos Mexicanos, or PEMEX as it is better known, is Mexico’s biggest enterprise, the largest taxpayer in the country and one of Latin America’s largest companies.

The ban had been in place since the 2010 Gulf of Mexico oil spill that followed an explosion on the company’s Deepwater Horizon rig. It has been lifted after BP agreed to a detailed set of safety, operations and compliance requirements. The move will allow BP to enter into new contracts with the US government, including in the Gulf of Mexico.