Continuing our African focus over the last couple of days, let’s turn to Somalia.
I spent some six months in the country over twenty years ago and even then the American oil company Amoco was busy exploring for oil in the North of the country and in the Gulf of Aden.
The reasoning being simple – the [...]

We are used to talking about the oil majors like Shell being in the spotlight over African oil exploration.
But a smaller player is making the headlines, with a soaring share price and two African discoveries in a week: one in Uganda and another off Sierrra Leone.
It is the Irish independent company Tullow that has the [...]

Although the oil price has now dipped significantly from its highs of the summer, its relatively high price is having an effect on both oil consumption and production.
Take the UK: The rising cost of running a car has caused traffic on Britain’s major roads to drop for the first time since congestion was measured, a [...]

Happy Environment Day, story number three. The record oil price could cause a second oil boom in the North Sea. The popular view is that the UK’s share of the North Sea is in decline, with energy reserves diminishing rapidly about 35 years after the oilfields were first exploited.
However, there is a growing body [...]

We just don’t know when to stop. It looks like we are going to chase every drop of oil under every remote sea-bed, no matter the consequences.
A fevered scramble for control of the world’s seabed is going on - mostly in secret - at a little known office of the United Nations in New York.
Officials [...]