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Uganda Moves Closer To Oil Production

AFRICANGLOBE - With China National Offshore Oil Corporation (CNOOC), the only holder of an oil production license for the Kingfisher Discovery Area, expectations are that 2014 will likely be the year for the Ugandan government to issue more production licenses to other firms.

Kenya Oil Potential Five Times Initial Estimates

AFRICANGLOBE - Canadian oil exploration firm Africa Oil announced a five-fold increase in its estimate of the oil reserves in Turkana County's South Lokichar Basin after a year of testing in the area, Kenya's Daily Nation reported Tuesday (September 3rd).

Western Oil Exploration Could Further Destabilize Somalia

AFRICANGLOBE - The chaos that characterised special voting which ended on Monday night has been attributed to an intricate plot by the MDC formations, working with some elements in the Zimbabwe Electoral Commission, to scuttle harmonised elections due in two weeks time.

Total To Invest $650m On Ugandan Oil Wells

Following the acquisition of a third of the Ugandan oil blocks belonging to British explorer Tullow Oil, Total plans to expend $650 million on...

Oil in Congo – Threat to Stability or Development Opportunity?

Although it should provide development opportunities, renewed oil interest in the Democratic Republic of the Congo (DRC) represents a real threat to stability in...

More Oil Discovered in Kenya

The ongoing oil exploration in kenya's Turkana County has yielded an additional 80 meters of oil bearing column at the Ngamia 1 drilling site. The...

South Sudan Pleads for International Assistance in Tackling Khartoum’s Aggression

South Sudan is now urging the international community to urgently intervene and resolve a crisis between the new nation and its northern neighbour, which...

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...

BP Making Secret Payment in Angola in Exchange for Oil Concessions

As oil industry lobbyists attempt to water down watershed transparency legislation in the United States and the European Union, Global Witness shows that BP...

Oil Exploration Begins Off Liberia's Coast

Liberia's President Ellen Johnson Sirleaf visited facilities of the Anadarko Petroleum Corporation on Friday, August 12, marking the official launch of oil exploration off the coast of Liberia. The visit included a tour of the Anadarko oil rig, the Discovery Spirit.