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Somalia Invites Energy Companies To Explore For Oil

AFRICANGLOBE - The price of oil may have fallen off a cliff recently, but that has not deterred energy giants like Exxon Mobil, Royal Dutch Shell, BP and Chevron from reactivating plans to drill in Somalia.

Angola Exports First Liquefied Natural Gas Cargo to Brazil

AFRICANGLOBE - Africa’s second largest oil producer, Angola has exported its first Liquefied Natural Gas (LNG), with the maiden shipment departing from Soyo northern province of Zaire, to Brazil.

Nigerian Companies Buying Up Foreign Owned Oil Fields

AFRICANGLOBE - United States giant Chevron has become the latest oil company to sell a major stake to Nigerian companies as uncertainty over security continues to worry investors.

Chevron to Sell Stake In Two Nigeria Oil Blocks

AFRICANGLOBE - Nigeria’s third-largest oil producer, Chevron Nigeria Limited (CNL), a subsidiary of United States international oil company, Chevron, announced on Tuesday that it will sell its 40 per cent stake in two shallow water oil blocks, OML 83 and OML 85, in the country.

Chevron to Invest $33 Billion In Nigeria, Angola and Congo

AFRICANGLOBE - Leading energy multinational, Chevron Corporation, has disclosed plans of a $33 billion investment in exploration and production activities, including major natural gas-related...