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Sudan Reclassified as Oil Importer as Exports Plunge

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

Nigeria Will Not Fight For Oil-Rich Bakassi Peninsula

Nigeria will not launch an appeal against the ICJ ruling granting the Bakassi region to Cameroon but will develop methods to protect the interests...

Nigeria’s Oil Prosperity Not Guaranteed

The World Bank said Thursday that it expected about $31 billion in Foreign Direct Investment (FDI) inflows to Africa this year, adding that there...

Brazil’s Petrobras to Explore for Oil in Ethiopia

Petroleo Brasileiro SA (Petrobras), Brazil's state oil company, plans to commence an oil exploration project in Ethiopia, according to reports. Ethiopia's Mines Minister Sinknesh Ejigu...

Oil and Gas: East Africa’s Race to Get Ready

The reserves already discovered will make East Africa one of the next gas frontiers. Companies are waiting for policymakers to determine priorities and incentives...

Nigeria to Increase Share of Offshore Oil Profits

Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, late Wednesday threw more light on why the Nigerian Government is proposing a review of the...

Nigeria: World’s Largest Oil & Gas Free Trade Zone Generates $6b...

Nigerian Minister of Trade and Investment,  Olusegun Aganga disclosed yesterday, at the Oil & Gas Trade and Investment Forum 2012 in Onne, Rivers State...

Eni Makes First Important Oil Discovery In Ghana

Africa’s biggest foreign oil and gas producer Eni S.p.A, and international oil marketer Vitol, have made their first important oil discovery in Ghana, at the...

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...

Nigeria Exports $1.35 Billion Non-Oil Products in Six Months

The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products valued at $1.35 billion for the first half of the...

Kenya Strikes Natural Gas in Lamu Basin

Australian firm Pancontinental Oil and Gas Limited (PCL) on Monday said it has struck natural gas at L8 block on Kenya's offshore. PCL said it...

Nigeria: Minister Pledges Support for Indigenous Oil Companies

Nigeria's Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has pledged her government's support for indigenous oil companies that are willing to invest in every...

South Sudan: Resumption of Oil Production Could Take a Year

South Sudan hopes to resume oil production through neighbouring Sudan after taking its unilateral decision to shut down oil production in January, accusing Khartoum...

Is Oil-Rich Angola a Development Success?

Ten years after the end of its civil war, Angola, which is heading to the polls Friday, has been transformed into a regional African power...

Nigeria: U.S.$400 Billion of Oil Revenue Stolen

Former World Bank Vice-President for Africa, Dr. Oby Ezekwesili, Tuesday said an estimated $400 billion of Nigeria's oil revenue has been stolen or misspent...

Oil Firm Triples Oil Prospects for Kenya and Ethiopia

Canadian oil exploration company, Africa Oil Corporation has raised fresh hopes that Kenya’s oil find could be commercially viable after the firm tripled its...
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