Ian Guider: There is no simple solution to Petroceltic’s problems

As long as the price of oil continues to swirl, so will Petroceltic’s future

Petroceltic's Ain Tsila Algerian oil field

The oil and gas industry is full of tough men. And it is still mostly men who run the businesses. Often exploration companies work in inhospitable locations, fight hard with rivals and governments. The people who run oil and gas companies are tough because they have to be.

Brian O’Cathain fits into that category. He’s a no-nonsense geologist who joined Petroceltic International almost a decade ago having spent 20 years working for the ...