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Kenya Moves Closer to Becoming an Oil Producing Country

AFRICANGLOBE - Kenya is moving closer to being an oil producing country after the British based exploration firm Tullow Oil Plc announced on Wednesday that the fourth test on oil deposits at Twiga South-1 well has for the first time showed real signs of being commercially viable.The four tests on the deposits were carried out between January and February this year.

Rwanda: Oil Prospects Gain Momentum

AFRICANGLOBE - Rwanda's Prime Minister Pierre Damien Habumuremyi recently told parliament that studies done so far have shown that there are very high prospects...

More Oil discovered in Kenya

Kenya could be on the brink of joining the league of endowed oil producers with the striking of further oil deposits in the remote...

Uganda Attracts U.S.$3 Billion in Oil Investments

Uganda's "oil rush" has attracted an estimated $3 billion in exploration investments since 2006, with companies channelling funds towards prospecting for more recoverable oil...