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Nigeria To Increase Oil Production By 22% By December

AFRICANGLOBE - Nigeria expects its oil production rate to jump by 22% by the end of the year to 2.2m barrels per day (bpd) from current levels, its oil minister said on Monday, adding he hoped a force majeure on all its oil fields would be lifted by December or January.

Ghana Signs $7bn Gas Production Deal

AFRICANGLOBE - The government of Ghana on Tuesday signed a $7-billion deal with Italian oil giant ENI and Dutch-owned energy firm Vitol for the production of 180 million cubic feet of natural gas.