Africa's New Oil

Africa's New Oil
Author: Celeste Hicks
Publisher: Bloomsbury Publishing
Total Pages: 258
Release: 2015-04-09
Genre: Political Science
ISBN: 1783601140

The development of Africa's oil has greatly accelerated in recent years, with some countries looking at the prospect of almost unimaginable flows of money into their national budgets. But the story of African oil has usually been associated with conflict, corruption and disaster, with older producers such as Nigeria having little to show for the many billions of dollars they've earned. In this eye-opening book, former BBC correspondent Celeste Hicks questions the inevitability of the so-called resource curse, revealing what the discovery of oil means for ordinary Africans, and how China's involvement could mean a profound change in Africa's relationship with the West. A much-needed account of an issue that will likely transform the fortunes of a number of African countries – for better or for worse.

Africa's New Oil

Africa's New Oil
Author: Celeste Hicks
Publisher: Zed Books Ltd.
Total Pages: 227
Release: 2015-04-09
Genre: Political Science
ISBN: 1783601159

The development of Africa’s oil has greatly accelerated in recent years, with some countries looking at the prospect of almost unimaginable flows of money into their national budgets. But the story of African oil has usually been associated with conflict, corruption and disaster, with older producers such as Nigeria having little to show for the many billions of dollars they’ve earned. In this eye-opening book, former BBC correspondent Celeste Hicks questions the inevitability of the so-called resource curse, revealing what the discovery of oil means for ordinary Africans, and how China’s involvement could mean a profound change in Africa’s relationship with the West. A much-needed account of an issue that will likely transform the fortunes of a number of African countries – for better or for worse.

Untapped

Untapped
Author: John Hossein Ghazvinian
Publisher: Houghton Mifflin Harcourt
Total Pages: 385
Release: 2007
Genre: Petroleum
ISBN: 0151011389

To find out how the new oil boom is affecting Africa, Ghazvinian traveled the country for a firsthand look. The result is a high-octane narrative that reveals the challenges, obstacles, reasons for despair, and reasons for hope emerging from the worlds newest energy hot spot.

Oil, Democracy, and Development in Africa

Oil, Democracy, and Development in Africa
Author: John R. Heilbrunn
Publisher: Cambridge University Press
Total Pages: 281
Release: 2014-04-21
Genre: Business & Economics
ISBN: 1107049814

This book focuses on the history, key industry and policy actors, and political economic outcomes in oil-producing African states, filling a gap in the literature on resource-abundant countries by providing an optimistic assessment of circumstances in contemporary Africa.

The Scramble for African Oil

The Scramble for African Oil
Author: Douglas A. Yates
Publisher: Pluto Press
Total Pages: 0
Release: 2012-01-15
Genre: Political Science
ISBN: 9780745330464

Africa is often seen as a place to be pitied or feared as an area of instability. This book challenges these complacent assumptions, showing how our demand for oil contributes to the chronic problems plaguing the continent. Douglas A. Yates shows how the "scramble" by the great powers for African oil has fed corruption and undermined democracy. Yates documents how Africans have refused to remain passive in the face of such developments, forming movements to challenge this new attempt at domination. This book is an urgent challenge to our understanding of Africa, raising questions about the consequences of our reliance on foreign resources. It will be vital reading for all those studying development and global political economy.

Poisoned Wells

Poisoned Wells
Author: Nicholas Shaxson
Publisher: St. Martin's Press
Total Pages: 292
Release: 2007-03-20
Genre: Political Science
ISBN: 0230610846

Each week the oil and gas fields of sub-Saharan Africa produce well over a billion dollars' worth of oil, an amount that far exceeds development aid to the entire African continent. Yet the rising tide of oil money is not promoting stability and development, but is instead causing violence, poverty, and stagnation. It is also generating vast corruption that reaches deep into American and European economies. In Poisoned Wells, Nicholas Shaxson exposes the root causes of this paradox of poverty from plenty, and explores the mechanisms by which oil causes grave instabilities and corruption around the globe. Shaxson is the only journalist who has had access to the key players in African oil, and is willing to make the connections between the problems of the developing world and the involvement of leading global corporations and governments.

Africa's New Energy Producers

Africa's New Energy Producers
Author: Jennifer G. Cooke
Publisher: Rowman & Littlefield
Total Pages: 46
Release: 2015-02-05
Genre: Political Science
ISBN: 1442240628

Sub-Saharan Africa is on the verge of an energy boom. New discoveries off the East and West coasts have raised hopes of significant revenues that can accelerate poverty reduction and enhance Africa’s status as a destination for industrial investment. The question that African governments, citizens, and international partners confront is whether this time will—or can—be different. Can the harsh lessons offered by Africa’s more established producers and the continent’s previous energy booms be learned?

Untapped

Untapped
Author: John Ghazvinian
Publisher:
Total Pages: 324
Release: 2009-09
Genre:
ISBN: 9781437968712

Africa -- a region long known to be rich in oil -- is the scene of a competition between major powers that recalls the 19th-century scramble for colonization there. But what does this new oil boom mean -- for America, for the world, for Africans themselves? To find out, John Ghazvinian traveled through twelve African countries -- from Sudan to Congo to Angola -- talking to warlords, industry executives, bandits, activists, priests, missionaries, oil-rig workers, scientists, and ordinary people whose lives have been transformed by the riches beneath their feet. The result is a high-octane narrative that reveals the reasons for despair and reasons for hope emerging from the world¿s newest energy hot spot.

The Petro-developmental State in Africa

The Petro-developmental State in Africa
Author: Jesse Salah Ovadia
Publisher: Hurst & Company
Total Pages: 0
Release: 2016
Genre: Business & Economics
ISBN: 9781849044769

Local initiatives, local control and local ownership are increasingly characteristic of Africa's petroleum sector, as Ovadia sets out in his book

African Energy Road to Recovery

African Energy Road to Recovery
Author: The African Energy Chamber
Publisher: Made For Success Publishing
Total Pages: 110
Release: 2021-03-05
Genre: Business & Economics
ISBN: 1641466251

Africa’s oil and gas industry is facing extraordinary circumstances. An ongoing energy transition and new efforts to decarbonize the world are weighing on oil demand. The shale revolution is exacerbating these pressures. And of course, the COVID-19 pandemic has wrought havoc on markets around the world, accelerating and intensifying existing trends. External headwinds are forcing African petroleum producers to re-examine their strategies. Conventional petroleum resources here should be globally competitive, but growth has lagged because of conditions above the ground, not below. Restrictive fiscal regimes, inefficient and carbon-intensive production, and difficulties in doing business are preventing the industry from reaching its full potential. As companies delay projects and cut costs, planned capital expenditure in 2020-2021 has fallen from $90 billion pre-COVID-19, to $60 billion now. To remain competitive, African producers and governments must adapt. But how can they do it when the economic order is being remade? The Road to Recovery addresses these challenges head-on, detailing all of the major challenges facing African oil and gas stakeholders, as well as workable solutions that will keep the industry on a strong and stable growth path. Again and again, our oil and gas sector has proven its resilience and adaptability. The world still needs oil and gas, and Africa still holds enormous untapped potential. The African Energy Chamber will remain a committed partner of choice for the industry as we advance into an uncertain future.