MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Local African E&Ps Must Step Up to Ensure Oil & Gas Development: WoodMac

ENERGY

Local African E&Ps must step up to develop shallow-water and onshore resources to maximise opportunity amid the need for energy security and to tackle energy poverty at home according to Wood Mackenzie.

  • Oil majors are driving Africa's upstream resurgence with huge deep and ultra-deepwater discoveries including Baleine (Eni) in Côte d’Ivoire and Venus (TotalEnergies) and Graff (Shell) in Namibia.
  • African governments are pivotal to financing for oil and gas with several countries offering progressive sliding-scale profit share, royalty and tax rates.
  • 2023 is expected to be a significant year for new production start-ups and four major greenfield projects could reach FID this year driven by Angola.
  • To secure financing companies must try to reduce costs, improve project timelines and ensure ESG credentials.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.