The new boss at Aberdeen-headquartered energy services giant Wood (LON: WG) has said cash generation is a "top priority" after it plunged by nearly a third.
Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal government can integrate its policies with those of the state governments.
The UK Serious Fraud Office told Soma Oil & Gas Holdings Ltd. in August it had found "insufficient evidence of criminality" in its probe of possible illegal payments to Somali officials, according to a letter cited in a London court judgment.
An investigation could be launched by the Serious Fraud Office (SFO) into the collapse of an oil company which had been advised previously by a Tory MP.
