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GuidanceDec 12, 2019 | 12:38 GMT
Israeli Prime Minister Benjamin Netanyahu (C) arrives at a weekly Cabinet meeting in Jerusalem on Dec. 8, 2019.
Will Israel's Next Election Yield Progress or More Paralysis?
After negotiations to form a last-minute government alliance broke down ahead of the Dec. 11 deadline, Israel's Knesset has, once again, dissolved itself -- meaning Israelis will also, once again, head to the polls in March 2020 for the third time in less than a year. But barring a major event that either forces the country's leaders to come together or drastically changes the way voters view them, this next election is unlikely to grant any more political clarity than the previous two.
AssessmentsSep 6, 2019 | 09:00 GMT
Papua New Guinea's Prime Minister James Marape (left) shakes hands with Australia's Prime Minister Scott Morrison as their wives look on in Canberra during July.
In Papua New Guinea, Reality Will Dim Any Nationalist Dreams
Papua New Guinea's new prime minister, James Marape, is touting a more nationalist push on resources for his energy- and mineral-rich country and hinting at a rebalance in great power relations, vexing both foreign companies and regional heavyweight Australia. Since taking office in late May, Marape has launched a formal review into a multibillion dollar liquefied natural gas (LNG) project, threatened to seek Chinese help in refinancing the country's $7.9 billion debt and mulled an overhaul of the country's natural resource laws to increase Papua New Guinea's share of revenue. But despite his ambitious intentions, the eager new leader will find it difficult to take any of these efforts too far, because there's only so much the small resource- and aid-dependent Pacific country can push the envelope without jeopardizing its political stability and primary income streams.
AssessmentsMar 18, 2019 | 09:30 GMT
French President Emmanuel Macron gestures during a news conference with Ethiopian Prime Minister Abiy Ahmed in Paris on Oct. 29, 2018.
Landlocked Ethiopia Charts a Course for a Navy
Twenty-eight years after it lost its coast, Ethiopia is plotting a course to the sea once more. During French President Emmanuel Macron's visit to Addis Ababa on March 12, the two countries signed a defense cooperation agreement to develop a future Ethiopian navy -- the culmination of months of reports that Ethiopian and French officials were discussing closer ties on maritime affairs. Ethiopia may be the Horn of Africa's heavyweight -- thanks in part to its growing economy and a population of over 100 million -- but it has chafed at its lack of sea access. Indeed, after coastal Eritrea won its independence from Ethiopia following a 30-year war, Addis Ababa shuttered the country's navy. Since then, Ethiopia has had little reason to reconsider its decision, but times are changing. After Eritrea and Ethiopia concluded a peace agreement to end their years of animosity, regional dynamics are shifting in Addis Ababa's
SnapshotsMar 11, 2019 | 20:41 GMT
France: Macron Looks to Drum Up Business in the Horn of Africa
Seeking business opportunities, French President Emmanuel Macron has beaten a path to the Horn of Africa. The French leader kicked off a regional tour with a visit to the tiny but geostrategically important country of Djibouti on March 11. Following Djibouti, Macron will visit regional heavyweight Ethiopia on March 12. Joining the president for his tour are a slew of representatives from more than 50 French companies. After Ethiopia, Macron will head to Kenya for the last leg of his trip, becoming the first French president to visit the East African powerhouse. While in Nairobi, Macron will preside over a conference as French companies ink a reported $3 billion worth of contracts.
SnapshotsMar 21, 2018 | 19:32 GMT
UAE: How a New Oil Deal Diversifies Emirati Energy Ties
The United Arab Emirates' state-owned oil company is continuing to sign a string of major oil deals. Abu Dhabi's National Oil Company (ADNOC) has signed yet another deal to split up its offshore concessions. On March 21 ADNOC signed a deal with China National Petroleum Corporation (CNPC) granting the company a 10 percent stake in the Umm Shaif, Nasr and Lower Zakum concessions for the next 40 years in exchange for $1.175 billion. Through this and other deals, Abu Dhabi continues to shake up the landscape of its upstream energy sector as it strategically re-prioritizes long-term deals that are geared toward Asian consumers.
SnapshotsMar 16, 2018 | 17:18 GMT
Chile: Santiago Approves China's Latest Electricity Utility Purchase
Chinese investment energy has found a focus on South American electricity. On March 15, power company China Southern Power Grid confirmed it had received authorization to purchase 27 percent of Chile's largest electricity transmission system. The Chinese power company paid $1.3 billion to Canadian company Brookfield Asset Management Inc. for a stake in the Chilean electricity company Transelec SA, which operates just under 10,000 kilometers (6,213 miles) of electricity transmission lines and controls around 85 percent of Chile's market. And this purchase is far from the only move Chinese power companies have made in the region's electricity systems.
AssessmentsFeb 27, 2018 | 19:26 GMT
When U.K. voters elected to leave the European Union in 2016, they also -- perhaps unwittingly -- put the peace agreement between Northern Ireland and the Republic of Ireland at risk. But blockchain technology could help provide a solution.
Could Blockchain Solve a Brexit Sticking Point?
Representatives on both sides of the arduous Brexit talks are confronting their biggest challenge yet: the future of the Irish border. In December 2017, the United Kingdom and the European Union agreed that the border between Northern Ireland and the Republic of Ireland would remain an open one after Brexit was final, but that agreement was so vague that they are still working out the details of how to make that promise a reality. As negotiators look toward innovative new methods for maintaining the peace, they may discover that blockchain could contribute to a solution.
AssessmentsFeb 16, 2018 | 09:00 GMT
Wind turbines spin alongside the Drax power station, the biggest coal-fired plant in Europe.
In the Energy Sector, a New Kind of Hybrid Emerges
The global transition away from fossil fuels and toward more sustainable energy sources is well underway. Though the rise of green technologies such as solar panels or electric vehicles may seem to bode ill for the international oil industry, many oil companies are trying to change with the times. Royal Dutch/Shell, for example, spent $217 million in January to buy a 43.8 percent stake in Silicon Ranch, a U.S.-based solar developer. Rather than competing against low-carbon technologies, fossil fuel companies are increasingly working to incorporate them, setting the stage for a new class of hybrid firms to emerge in the global energy industry.
AssessmentsOct 26, 2017 | 09:00 GMT
Brazil's P-51 semisubmersible offshore oil platform was built to produce up to 180,000 barrels of oil per day.
Brazil Anticipates a Freer Economy and the Growth That Comes With It
After two years of recession and continued political instability, Brazil seems to be headed toward economic recovery. President Michel Temer, though currently under investigation for corruption, has been steadfast in his efforts to implement financial reform and lead his country down a path toward economic liberalization. And though the Brazilian government's leadership woes will only grow, Latin America's largest economy seems to have become somewhat capable of decoupling itself from political issues.
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