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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 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.

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...

Liberia’s Economic Gains Not Reaching the Poor

Despite Liberia's significant gains over the last decade, the benefits of the growth have not reached the country's poorest and most vulnerable citizens, says...