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Liberia: Oil Blocks Attract International Interest Despite Ebola

AFRICANGLOBE - Liberia has entered discussions with major international oil companies to encourage bids for drilling in four blocks off the coast near the capital Monrovia. The talks are progressing - including road shows last month in Houston, London and Lagos - despite Ebola in the west African nation.

Total Going Ahead With $16 bln Angolan Kaombo Oil Project

AFRICANGLOBE - France's Total said it had decided to go ahead with the Kaombo oil project offshore Angola after reducing its cost by $4 billion to $16 billion, an advance that could help Angola keep up oil output over the long run.

‘Oil Companies Have Failed To Transfer Skills To Nigerians’

AFRICANGLOBE - In spite of the fact that Nigeria has provided a good investment climate for oil firms, the players have deliberately failed to transfer technical skills to the country’s citizens and have consistently brought in technicians from various parts of the world, an expert has said.

Oil Companies Accept Uganda Government Blueprint

AFRICANGLOBE - The government of Uganda has sighed a memorandum of understanding with oil companies to support sustainable Development of the Discovered Petroleum Resources in the Albertine Graben.

Uganda Signs Agreements With Oil Companies

AFRICANGLOBE - Uganda on Wednesday signed a Memorandum of Understanding (MoU) on the sustainable development of petroleum resources discovered in the country with licensed oil companies. The signing of the memorandum is seen as the first step in speeding efforts to start oil production, while offering a roadmap for the commercialisation of petroleum resources.

Nigerian Lawmakers Investigate Swiss Traders in Oil Scam

AFRICANGLOBE - Nigerian lawmakers are launching an investigation into the oil industry after a financial watchdog group said Swiss traders may have been involved in what they called "one of the most massive frauds the African continent has experienced."

Europe Bans Stolen Oil From Nigeria

AFRICANGLOBE - The European Parliament is set to stop the purchase of stolen oil from Nigeria in Europe. Any crude oil meant to be sold in the European market is now to be accompanied with a certificate of origin.

Industrial Diversification in Nigeria’s Niger Delta Region

AFRICANGLOBE - Successive Nigerian governments have promoted indigenous oil companies with legislative and institutional tools, and they are now flourishing: Amni, Shoreline, Midwestern, Seplat, Dubri and Continental, all based in the Niger Delta region.

“Too Early” to Conclude Oil Discovery In Ethiopia Says Hailemariam Desalegn

AFRICANGLOBE - Ethiopian Prime Minister, Hailemariam Desalegn, said that recent reports alleging oil discovery in the horn of Africa’s nation are misleading. Addressing a parliament session on Tuesday Hailemariam told lawmakers that.

Nigeria: Minister Pledges Support for Indigenous Oil Companies

Nigeria's Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has pledged her government's support for indigenous oil companies that are willing to invest in every...

Yoweri Museveni Warns African Leaders On Oil Agreements

The President of Uganda, Yoweri Museveni on Saturday warned his African counterparts to avoid any form of manipulation likely to come from oil companies...

Worries of Oil Related Violence In Somalia With British Assistance

Somalia is on the cusp of becoming an oil producing state as more reports of oil discovery are announced by Horn Petroleum and Africa...

Oil Firms Operating in Angola Must Disclose Payments

More than 150 Angolan civil society organisations and activists have written a letter to the US Securities and Exchange Commission (SEC) urging it to...

Africa’s Emerging Energy Giants May Have Transparency On Their Side

Among the extractive industry stakeholders who gathered in the Sussex countryside last month to discuss transparency were representatives of some of the world's leading...

Shell Sets Sights On Ghana’s Oil Reserves

AFRICANGLOBE - Ever since Ghana discovered commercial quantities of oil in June 2007 and began commercial production December 15, 2010, many oil companies have expressed interest in the country's reserves of 'black gold'.