Ecuador may yet be on course to buck the South American trend and elect a new left-wing president — but whoever wins will have a fight on their hands to breathe new life into the oil economy of this Opec member nation.
A social time bomb is ticking in English speaking southwest Cameroon, which borders similarly oil-rich terrain in neighbouring Nigeria but where comparatively little E&P activity has been evident over recent decades amid the deepening marginalisation of English-speaking citizens.
Guyana’s rise from a country with no production to the development of one of the largest oil discoveries in decades presents a challenge not only for the South American nation, but the global industry as a whole.
Statoil’s planned two-well wildcatting campaign off Newfoundland, Canada, this year clearly indicates how important this new play is to the company, despite being located in deep, harsh, sub-Arctic waters.
Shell’s submission this week of plans for the final and largest phase of decommissioning at its Brent field will hopefully turn up the volume a notch on a debate about the fate of the UK’s ageing platforms.
India’s move to merge its state-owned oil and gas companies may be a step in the right direction, but is likely to face execution challenges that could lead to unexpected delays in the consolidation process.