Related Articles
In depth
Forward article link
Share PDF with colleagues

Slipping off the radar

Slow-moving legislation, political risks and the weak oil price have damaged West Africa as an investment destination. Senegal may be the exception

FOR THE first time since Tullow Oil's discovery of the Jubilee field in Ghana in 2007, West Africa's upstream has a new frontier play to get excited about, in the shape of multiple oil and gas finds in and around Senegal. But these cannot mask an otherwise gloomy regional picture. West African countries offering costly deep-water exploration and production opportunities, combined with an uncertain investment environment, are struggling to compete for a limited global pot of energy project funding. "It is a difficult investment environment, given low oil prices and the fact that international oil companies have a global asset footprint," says Rolake Akinkugbe, head of energy coverage at inv

Also in this section
Canada: Trump OK is not the end of the line for Keystone XL
28 March 2017
The challenges are not over for the pipeline which will run from Alberta to the Gulf Coast
Oil and gas in the new world order
22 March 2017
Geopolitical risks are changing and rising. The energy sector will be in the crosshairs
Slow reset of US-Russian relations
20 March 2017
Trump and Tillerson should help improve US-Russia relations. But an end to sanctions doesn't look imminent