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AFRICANGLOBE - The price of oil may have fallen off a cliff recently, but that has not deterred energy giants like Exxon Mobil, Royal Dutch Shell, BP and Chevron from reactivating plans to drill in Somalia.
AFRICANGLOBE - Currently thought of as the petroleum sector’s latest ‘frontier region’, Somalia constitutes not only one of the most promising, but also most the most challenging of potential oil exporting countries.
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).
Although it should provide development opportunities, renewed oil interest in the Democratic Republic of the Congo (DRC) represents a real threat to stability in...
Recent oil discoveries will trigger billions of dollars in investment into Uganda, a new report says. However, it warns that oil discoveries in neighbouring...