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Somalia Awakens As East Africa’s Oil Province

AFRICANGLOBE - As Somalia announces plans to open its first offshore exploration license round in 1Q 2017, explorers analyzing new seismic data have recognized the potential of finding reserves to match those of its neighbors in East Africa. Beyond that, critically, they are discovering that Somalia’s potential is not just gas: Here lies a gem of an unexplored oil basin.

“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.

Liberian Company Reports New Oil Find

AFRICANGLOBE - The African Petroleum Corporation Limited or AP says it has made some new oil discovery off the Liberian waters. The company in a joint statement released with the National Oil Company of Liberia or NOCAL on Wednesday said it encountered the 48 meters of oil bearing Turonian sandstone, at the Bee Eater-1 Well in Multiple Zones in Block LB-09 in the same sequence as a previous discovery in Narina-1.

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...

Liberia Makes ‘Significant’ Oil Discovery

Officials at the National Oil Company of Liberia (NOCAL) announced Tuesday that they welcomed pronouncement by African Petroleum that its Narina-1 exploratory well drilled...