The Barracuda concession is about 100 km off the coast of Rio de Janeiro MERLIN FLOWER | 2010/03/03 There has been a slew of oil discoveries around the Brazilian coast in recent times. Could they make a difference to the oil thirsty world of ours? Let’s see: Petrobras, the state controlled Brazilian energy firm, has […]

While gunfire errupted in Niger’s capital, traders who mistook the country for oil-rich Nigeria sent oil prices soaring MERLIN FLOWER | 2010/02/24 What’s in a name? Niger or Nigeria will be in a better position to answer this question. If not anything the confusion in the name pushed oil prices to $80 a barrel last […]

The diplomatic battle started hogging the headlines as Argentina began criticizing Britain for its plan to drill for oil and gas in the waters north of the Falkland Islands MERLIN FLOWER | 2010/02/18 This could be the script of any Hollywood blockbuster: The recent spat between Argentina and the UK over oil in the Falkland […]