Tag: oil

AFRICANGLOBE - While looking at southwestern Africa on a map or globe, you might have noticed something odd: a little dot of Angola-colored territory sandwiched in between the Republic of the Congo and the Democratic Republic of the Congo, but miles away from the rest of Angola. This exclave is the province of Cabinda, and its cultural origins are completely different from Angola's other 17 provinces.

AFRICANGLOBE - Lagos offshore oil field, Aje gas and condensate field, is set to begin oil production by 2014, the United States Energy Information Administration’s website reported. According to information on the website, the oilfield which lies in Oil Mining Lease 113 in the Benin Basin

AFRICANGLOBE - Nigeria’s leading indigenous energy group, Oando PLC, has announced its affiliate Oando Energy Resources (OER), which is listed on the Toronto bourse (TSX), has entered into agreements with ConocoPhillips (COP) to acquire its entire business interests in Nigeria for an estimated cash of $1.79 billion including customary adjustments.

AFRICANGLOBE - Ecobank Kenya is taking steps to purchase an undisclosed Kenyan investment bank as part of plans to facilitate Ecobank involvement in oil, gas and...

AFRICANGLOBE - In what is expected to diminish the influence of foreign energy companies on oil price fixing in Kenya, Engen, an African petroleum group...

AFRICANGLOBE - Sudan plans a budget of between 20 and 30 billion Sudanese pounds ($7 billion) in 2013, boosted by higher oil output and...

AFRICANGLOBE - Tullow Oil plc says it has discovered 30 metres of net oil pay at the Twiga South-1 well in Block 13T, which...

The United States government on Monday expressed concern over delays in resumption of South Sudan's oil production, claiming the move deprives the two Sudan's...

AFRICANGLOBE - Nigeria Africa's largest oil exporter has a major problem with Crude oil theft. A report just released by the International Energy Agency...

Seventeen ships laden with tens of millions of barrels of crude oil suspected to have been stolen were arrested by the navy.The ships were...

AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...

South Africa's State oil company PetroSA signed a cooperation agreement with the Democratic Republic of Congo’s National Oil Company (NOC) Cohydro Sarl on Tuesday...

Nigeria is the world capital of oil theft, at least according to The Economist. However, because the government does not know how many barrels...

South Sudan on Thursday issued an order instructing foreign and national companies involved in oil industry to immediately resume production and exports through the...

South Africa’s national oil company, PetroSA has completed the acquisition of oil and gas assets in Ghana, for an undisclosed fee according to a...

Sudan plans to double its oil output over the next two years, as the country struggles with rebel attacks on its oil sites and...