Somalia has relied on aid for decades – can it survive without it? - Somalia is struggling with hunger, security and the ...

The move into oil production is seen as a potential economic game-changer. With Somalia struggling to diversify its economy, ...

Somalia's current prime minister, Hassan Ali Khaire, was working for Soma Oil & Gas at time. Somali officials say that since taking office, Khaire has “relinquished” his stake in the company ...

MOGADISHU, Somalia-- Pirates have hijacked an oil tanker off the coast of Somalia, Somali officials and piracy experts said Tuesday, the first such seizure of a large commercial vessel on the ...

Somalia is probably not ready for oil development. With excellent access to shipping lanes and supposedly massive untapped wealth (perhaps as much as 110 billion barrels) it is no surprise that ...

Soma Oil and Gas Exploration, headed by Lord Michael Howard, a former leader of Britain's ruling Conservative Party, signed Somalia's first deal with an international oil company, albeit an ...

Turkey is set to dispatch its research vessel, the Oruc Reis, to oil blocks offshore Somalia next month, in a strategic move to diversify its crude supply and strengthen its energy security ...

Somalia believes its economic fortunes will be transformed when it starts producing oil within a few years, as global energy giants return to the country, writes the BBC's Russell Padmore.

Far beneath the surface of the tragic drama of Somalia, four major U.S. oil companies are sitting on a prospective fortune in exclusive concessions to explore and exploit tens of millions of acres ...

Somalia's newly-appointed Prime Minister Hassan Ali Khaire talks on the phone in Mogadishu, Somalia on February 23. A former oil executive and humanitarian, Somalia's new president Mohamed ...

Somalia is preparing for the launch of its first-ever crude oil licensing round, with details about it to be announced in December, the country’s oil minister told media. “We are presenting up ...