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East African Energy Boom On The Way

AFRICANGLOBE - The International Energy Agency predicts that by 2040 Africa will be producing more natural gas than Russia, with much of it coming from Tanzania and Mozambique. Kenya and Uganda are also preparing their own hydrocarbon booms, but much remains to be done in 2015 to speed up production and deliver benefits to local economies.

Nigerian-Owned Oil Companies To Produce 500,000 bpd By 2018

AFRICANGLOBE - Nigerian wholly owned Expoloration and Production companies operating at the upstream sector of the oil and gas industry will produce 500,000 barrels of oil daily that represents about 20% of the Nigerian output by 2018

Petroleum Industry Bill Offers Hope for Nigeria’s Gas and Oil Industry

AFRICANGLOBE - The Petroleum Industry Bill aims to resolve some of the many issues that have affected Africa's largest oil producer and pave the way for future growth and investment

Gas: Mozambique’s Countdown to Production

AFRICANGLOBE - The Mozambican government must draw a deep breath before releasing the regulatory framework for exploiting its gas deposits, as it stands on the threshold of significant wealth. The recent bonanza of gas discoveries in Mozambique has the attention of the international oil and gas industry, but most of the country's acreage is still unexplored.

Signs of Hope in Tackling Corruption in Nigeria’s Oil Industry

Though the destiny of Nigerian oil and gas is still bound up in the passing of a bill designed to simplify and restructure the...

Nigeria Targets 40bn Barrels Of Crude Reserve, 4m Barrels Daily Production

AFRICANGLOBE - Nigeria’s President Goodluck Jonathan has stated that the key objective of his administration’s reform agenda in the oil and gas industry is to expand the crude oil reserve base to about 40 billion barrels, and increase the country’s daily production to about four million barrels per day.

Shell Accused of Funding Clashes, Armed Gangs in Nigeria

AN industry watchdog, Platform of London has accused Royal Dutch Shell, the parent company of Shell Petroleum Development Company of Nigeria (SPDC) of funding armed gangs, which had fuelled human rights abuses in Nigeria.