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Lagos to Commence Oil Production by 2014

AFRICANGLOBE - Lagos offshore oil field, Aje gas and condensate field, is set to begin oil production by 2014, the United States Energy Information Administration’s website reported. According to information on the website, the oilfield which lies in Oil Mining Lease 113 in the Benin Basin

Nigerian Firms Buying Out Foreign Oil Companies

AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...

South Africa’s PetroSA Acquires Oil & Gas Assets In Ghana

South Africa’s national oil company, PetroSA has completed the acquisition of oil and gas assets in Ghana, for an undisclosed fee according to a...

South Africa and Saudi Arabia Launch Research Programme

South Africa's Council for Scientific and Industrial Research (CSIR) and its Saudi Arabian partner, the King Abdulaziz City for Science and Technology (KACST), have...

Nigeria’s Crude Output Set to Rise Again

Nigeria's crude output is expected to rise yet again to 2.4 million barrel-per-day, as Shell Nigeria Exploration and Production Company (SNEPCo) resumed production at...

Ethiopia: A Trip to a Timeless Land

Thousands of people had congregated in the field, including hundreds of priests dressed in brightly coloured, richly embroidered cassocks, carrying ornate staffs topped with...

Ghana’s Oil Revenues Starting to Flow

Annual figures for Ghana's nascent hydrocarbons sector - which has spurred a wave of capital spending in the country in recent years - have...

Usain Bolt Makes Forbes Rich List

Triple Olympic champion Usain Bolt sprinted away with over $20.3 million over the past 12 months, according to leading business news publication, Forbes Magazine,...

Afren Confirms the Discovery of High Quality Oil at Okoro East...

Afren has announced that testing had been completed at its Okoro East oil discovery, offshore South-east Nigeria, and that results confirm a high quality...

North Sudan Jets Attack South Sudan’s Oil Wells

Following the bombardment of South Sudan's Elnar oil fields, an area in Unity State by Sudan jet planes on Wednesday 29th.February, 2012 in the...

Total Begins Production From New Nigerian Oilfield

Total Upstream in Nigeria has commenced production from its 180,000 barrels per day (bpd) Usan oil field. Usan, the second deep offshore development operated...

Total Gets Ultra Deepwater Drillship for Nigeria’s Egina Field

French oil major, Total has engaged ultra-deepwater drillship, Pacific Scirocco on a one-year drilling contract for Egina Deepwater field, located 150kilometres offshore Nigeria, at...

2012 a Turning Point for kenyan Economy Says World Bank

The World Bank says that 2012 could prove to be a 'defining year' for the Kenyan economy if she can overcome political obstacles in her path. Following the launch of the latest Kenya Economic update, a WB report says that despite facing challenges including national elections, the establishment of a new system of devolved government and the possibility of a deteriorating global economy, that the "surging" information and communications technology field could boost the performance of a number of sectors, including transportation, agriculture and infrastructure.

More Oil Discovered in Nigeria’s South-East

Total yesterday announced that its subsidiary Total E&P Nigeria Ltd (TEPNG) has made a new oil discovery in the southeastern corner of Oil Mining Lease (OML) 102 in Nigeria.

Firm to Invest U.S.$215 Million in Oil Block in Nigeria

Houston-based energy group, Blacksands Pacific Group has said it would invest $215 million in the first phase of development of the Oil Prospecting Lease (OPL) 2012, located offshore Niger Delta.