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Petroleum Economist

By focusing on economics, the Stern review has given the global-warming debate renewed momentum. As David Bowie said, it is time to turn and face the strain. Tom Nicholls reports
The African continent can justify its reputation as a difficult place to operate – but it offers frontier territory, with a range of risks and rewards to interest majors and minnows. Recent months have seen an uprating of prospects in the neglected east, while work in the deep waters off the western coast continues at a pace limited only by the availability of drill-ships, Martin Quinlan writes
Oil majors are being left out in the cold, but foreign oilfield services companies are enjoying robust growth in Russia. Opportunities look best for those able to partner with local firms, writes Isabel Gorst
The threat of sand infiltration in wells is a headache for oil companies as they drill in ever-deeper water and increasingly complex structures that tend to be more sand prone, writes Ian Lewis