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Africa’s Next Oil Frontier – Ethiopia?

AFRICANGLOBE - Sitting athwart the headwaters of the Blue Nile, Ethiopia has long seen its energy future in its hydropower potential, being able to export electricity to neighboring countries. That picture may be about to be somewhat altered however. British oil firm New Age (African Global Energy) Ltd works a concession in Ethiopia’s southeastern Ogaden basin blocs 7-8 and its Adigala lease with its Canadian oil firm partner Africa Oil.

Nigeria’s Oil Faces Crisis As U.S. Controls Energy Future

AFRICANGLOBE - Nigeria's oil boom may be coming to an end. United States president Barack Obama has declared that the America is now ready to take control of its energy future. Obama made the declaration yesterday in his state of the nation presentation to the US Congress.