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Are oil companies doing enough for local fishing communities?

Oil, especially upstream, is a tough business and potentially impacts not just on the environment but also on communities. There is a tendency to think that oil companies don't do enough to counter the fears of local people. But is that really true? Outside of the oil business, companies, and thei ...

Scott Johnson


Posted 1 day agoOpinion > OilFishingCSR +2

Keeping the oil business in the family

The oil industry is a constant source of stories for the media but one aspect still takes a back seat: the role of family oil businesses, and the unique challenges they face. This is a surprise in an era where people are starting to recognise the positive and vital role played in economies round t ...

Scott Johnson


Posted 17 days agoOpinion > Oilfamily businessUnited Kingdom +1

Will Brexit affect the UK oil industry?

This week the UK took one step closer to Brexit with the appointment of Boris Johnson as prime minister. While most in the oil and gas industry remain calm about Brexit, some investors involved in activities such as logistics and technology like Tom Chapman , Greg Herrera and Susan McDonald , mu ...

Scott Johnson


Posted 28 days agoOpinion > United KingdomEuropean UnionBrexit

Why is oil security suddenly a top priority in Africa?

Just this week, South Africa announced a new oil and gas policy is in the pipeline. This will be music to the ears of individuals involved in African energy and infrastructure such as Sebastian Wagner , Mzi Khumalo and Olusegun Okubanjo . But questions surely remain as to how the continent can t ...

Scott Johnson


Posted 1 month agoOpinion > Nigeriaenergy securitySub-Saharan Africa +2

Three reasons Africa will determine the oil price in the long term

Africa might only be home to just 4 percent of the world's oil supply but, as many of its oil-rich nations begin taking advantage of this natural resource, it's starting to have an impact on the price of crude oil. This uptick will be good news for the continent's high-profile investors and entrepre ...

Scott Johnson


Posted 2 months agoOpinion > Africamiddle classGeopolitics +4

On the way up: The trends that will impact oil in 2019

The price of oil has been on a bullish trend since the start of the year. This is despite a steep decline at the end of last year because of a significant US shale industry output, which pushed down prices. The prices have recovered at the start of this year because the market has bet that supply w ...

Scott Johnson


Posted 5 months agoOpinion > OilVenezuelaChina +5

3 Ways The Oil Industry Will Be Hit By the Iran Sanctions

Unilateral U.S. sanctions on Iran, which came into force this week, will hit the country hard, of that there can be no doubt. The sanctions affect trade in dollars, gold, steel and aluminium, and in November the restrictions will be extended to include Iran's oil trade . But what are the possible ...

Scott Johnson


Posted 1 year agoOpinion > Iraniran sanctionsSanctions +5

Are Family Firms in the Energy Sector Fueling the Future?

As Reuters has recently reported , oil production and prices worldwide are feeling the pinch. This gave me cause to reflect on whether family-owned businesses in the energy sector can step up to the plate and drive another generation of growth. Some of the world's largest and most successful ener ...

Scott Johnson


Posted 1 year agoOpinion > Koch IndustriesKinder MorganReliance Industries

Is Africa Back on Track in the Oil Business?

Earlier this month, Exxon Mobil Corp signed a deal with Ghana which gives the giant company the rights to explore in the Deepwater Cape Three Point offshore oilfield. Last week, Tullow Oil Plc was awarded two more oil and gas blocks by Ivory Coast to add to its existing holdings. Is Africa about to ...

Scott Johnson


Posted 1 year agoOpinion > explorationNigeriaAfrica +2

Will Upstream Bounce Back in 2018?

Last year, the focus was firmly fixed on prices and downstream activity. The headlines and industry talk was all about demand versus supply; OPEC production cuts; price fluctuations; geopolitical factors; US oversupply, and at what point Russian frustration would crash the OPEC deal.    Obviously, ...

Scott Johnson


Posted 1 year agoOpinion > RussiaBrazilShell +2

Whether We Like It Or Not, Events Do Impact Oil Prices

This last week we've seen a number of significant events in the oil industry. A tanker fire and oil spill off the coast of China, President Trump's decision to ban drilling off the coast of Florida, and oil prices have now risen to their highest level since 2014. In the oil business it's easy to ma ...

Scott Johnson


Posted 1 year agoOpinion > oil priceIranDonald Trump +2

Will 2018 see an oil race between the U.S. and Russia?

Things are looking up in the global oil market. The market is rebalancing and oil prices are rising. Pushed up by protests in Iran, supply cuts by OPEC and Russia, and the return to full operations of the Forties pipeline system in the North Sea, oil prices posted their strongest opening to a year s ...

Scott Johnson


Posted 1 year agoOpinion > Oiloil priceOPEC +2

Oil Prices Set to Fall in January – But Could 2018 See a Major Collapse?

There have been four major modern oil price collapses: 1986, 1998, 2008, and the most recent in 2014. Most market watchers agree that prices will fall in January 2018, but could we be on the cusp of another collapse? To spot the signs we need to go back to June 2014. Between 2000 and 2008 , oil p ...

Scott Johnson


Posted 1 year agoOpinion > Oil Price predictionscollapseUS Shale +7

Rosneft Global Deal-Making Spree Put Competitors Under Pressure

New exploration deals for Rosneft show how it is able to flex its muscles in the world's most fragile places, and beat other exploration companies to the punch. With the encouragement and backing of the Russian government, competitors need to up their game to access some of the most attractive and h ...

Scott Johnson


Posted 1 year agoOpinion > RosneftVenezuelaVenezuela oil +4

Prices Calm After Forties Pipeline System Shut Down News – But For How Long?

Emergency work on the Forties North Sea pipeline initially shook the markets with Serica Energy Plc (LON:SQZ) shares falling around 5% on the news , which also sent brent crude soaring to above $65 a barrel. Prices then calmed but pipeline-owner INEOS' announcement that deliveries of crude are n ...

Scott Johnson


Posted 1 year agoOpinion > fortiesIneosUnited Kingdom +5