AFP | New oil producer Senegal has begun producing various fuels in its own refinery near the capital Dakar, the company behind it said on Thursday....
Reuters | Trinidad & Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according...
In 2015, ExxonMobil announced the discovery of oil beneath Guyana’s coastal waters. Since then, the US oil giant and its partners have uncovered 11 billion barrels...
By Danilo Desiderio All members of the World Trade Organization (WTO), including countries and customs territories, undergo periodic reviews of their trade policies. The frequency of...
Bloomberg | Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. Gross domestic product (GDP) expanded an annual...
ExxonMobil Guyana, alongside Hess and CNOOC, announced the production of 500 million barrels of oil from the Stabroek block, achieved in under five years since Guyana...
Reuters | Nigeria’s state oil firm, NNPC Ltd has revealed that one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas...
By Gregory Simpkins When President Joe Biden promised during the December 2022 African Leaders Summit to visit Africa before his term ended, many observers probably thought...
By NJ Ayuk Angola has successfully transitioned from being a declining oil producer to becoming a key destination for global oil investments. The petroleum industry remains...
Guyana’s Natural Resource Fund (NRF), responsible for managing the country’s offshore oil revenue, received around US$80 million in August 2024 from the sale of approximately one...
Ghanaian President Nana Akufo-Addo has inaugurated the construction of a new oil refinery with a capacity of 300,000 barrels per day, aiming to establish Ghana as...
Bloomberg | Senegal’s government set up a commission to examine natural-resource contracts awarded to foreign investors and establish whether they comply with the West African nation’s...
The cost of producing a barrel of oil in Guyana is among the lowest globally, according to a June 2024 report by the International Energy Forum...
Reuters | Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised...
Reuters | Niger’s military government has named new ministers of mining and energy in a government reshuffle, splitting up the previous ministry of mines, petrol and...
Bloomberg | Nigeria is introducing incentives to attract oil and gas investment as Africa’s biggest economy works to ramp up crude output. The measures include substituting...
By Ryan Elcock The decades-long territorial dispute between Guyana and Venezuela over the region of El Esequibo has left an indelible mark on the economic trajectories...
Reuters | Guyana and the Dominican Republic have signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that...
Bloomberg | Angola reduced its gasoline subsidy, almost doubling pump prices in a nation that has some of the world’s cheapest fuel. The decision comes the...
By Gregory Simpkins Over the centuries, the natural blessings of Africa seem to have been more apparent to outsiders than even the rulers of African countries....
AP | A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of US$12.7 billion will add another...
Guyana on Friday launched the first auction for the development of new oil blocks under competitive terms with the government, maintaining that it is looking towards...
Reuters | Ghana’s government is working on a new policy regime where gold will be used to buy oil products rather than U.S. dollar reserves, Vice-President...
AP | Nigeria’s navy has seized a foreign ship and detained 27 foreigners who are charged with operating illegally on Nigerian waters and attempting to export...
The government of Guyana says the country is expected to earn US$1.1 billion from the energy sector this year. According to a report from the country’s...
Reuters | Angolan voters will choose next Wednesday, in what looks like the closest ever election in Africa’s second-biggest oil producer. Who are the main players?...
AFP | Ivory Coast (Cote d’Ivoire) reported a fresh discovery of offshore oil and natural gas by Italian firm Eni on Thursday, expanding the potential of...
The Guyana government says it has received its first entitlement lift of the Unit Gold crude from the Liza Unity Floating Production Storage and Offloading (FPSO)...
Bloomberg | Namibia’s nascent oil industry sees a window of 10 years to get going before the move toward net-zero emissions makes it too late to...
Reuters | Nigerian court has stopped Shell Plc from selling any assets in Nigeria until a decision is reached on the company’s appeal of a nearly...
Reuters | Operator TotalEnergies has made a significant discovery of light oil and associated gas off the coast of Namibia, the company said on Thursday. Two...
Discoveries add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.
"There will be no fatality, nor oil curse, or ruinous competition if there is political will to cooperate across the board" - Macky Sall
As negotiators at the Glasgow climate talks try to agree on greenhouse gas cuts, African leaders say poorer countries can’t be expected to remake their systems...
The move would turn the state-owned oil company into a private firm, and allow it to sell shares in the future.
Citizens cannot be forced to wait in order to have reliable energy and live modern, dignified lives
The Guyana government last week welcomed the discovery of new oil wells within the Stabroek Block offshore, saying it will add to the previously announced gross...
Nigerian authorities are facing growing pressure to devalue the Naira as the price of oil, its biggest source of foreign exchange, trades at the lowest level...
Trinidad & Tobago is among oil-producing countries in the Caribbean and Latin America severely affected by the sharp drop in oil and petroleum prices, the Inter-American...
By Ryan Opsal The border dispute between Guyana and Venezuela has been ongoing for around two centuries, and Venezuela still claims large, resource rich swathes of...
Trinidad & Tobago is facing an “unabated decline” in its oil and gas reserves and production, and the country must act quickly to revive the industry,...
Guyana’s President David Granger said on Tuesday neighboring Venezuela had launched an “extraordinary military deployment” in the east of the country, near a disputed border area...
As the east African nation of Uganda inches closer to announcing new exploration and production licences that will pump fresh energy into its oil and gas...
Angola’s state oil company Sonangol will produce oil off Cuba by 2017 if the United States lifts an economic embargo following a return to diplomatic relations...
The territorial dispute between Guyana and Venezuela regarding Guyana’s waters where oil was recently discovered has escalated. Venezuela is recalling its ambassador in Guyana Reyna Margarita...
Guyana will not stop its offshore oil exploration because Venezuela is claiming territorial waters where the “black gold” was recently discovered. Guyana’s President David Granger has...
Guyana is turning to the United Nations to reach a legal settlement in its border dispute with Venezuela, describing Venezuela’s claim of a portion of maritime...
Guyana warned Monday it would “vigorously” resist any attempt by Venezuela to enforce a new claim over coastal waters where Exxon Mobil recently announced an important...
Exxon Mobil Corporation has confirmed that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuela as part...
Nigerian President Goodluck Jonathan has said that the West African nation will keep its currency strong and its economy stable in 2015 as it seeks to...
From the coffee plantations of Uganda to the maize (corn) fields of Zambia, the collapse in world oil prices has so far brought few benefits for...
Nigeria’s Federal National Assembly said on Wednesday oil major Shell should pay US$3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest...
Senegal announced Tuesday a significant discovery of oil, with at least 250 million barrels in place. Oil explorer Cairn Energy and its joint venture partners indicated...
The estimate of Uganda’s petroleum resource base has almost doubled with the discovery of an additional 3 billion barrels in the Albertine region of the country,...
OPEC member and gas exporter Algeria is in advanced talks for a first deal to start oil and gas exploration in Tanzania. The move sees a...
Spain’s Repsol has discovered an oil reserve estimated at 40 million barrels of oil equivalent in the waters off the island-nations of Trinidad & Tobago, to...
China’s soaring commodity demand has been a powerful catalyst for growth and development in African economies. However, heavy reliance on Chinese exports could hamper Africa’s growth...
By Olusegun Obasanjo When Nigeria announced recently that it had become Africa’s biggest economy, you could be forgiven for thinking that oil was the only reason. After...
Kenya’s energy regulator increased the maximum retail price of a liter of petrol and diesel till mid-June. However, the regulator decreased the price of a liter...
U.S. firm Cobalt International Energy has discovered significant quantities of oil offshore Angola, state oil firm Sonangol said, calling the find the biggest so far in the...
Chinese Premier Li Keqiang is to visit four African countries, including oil-rich Angola and Nigeria, but will not be going simply for energy deals as China...
African entrepreneur Aliko Dangote has been named among the top 25 people who have had the biggest impact on business in the last 25 years. The...
Nigeria’s interminable focus on fortifying its oil and gas sector could hamper its chance to diversify the economy. This is according to the 2014 Economic Report...
Sub-Saharan Africa’s economic growth is set to hit 5.2 per cent, up from 4.7 per cent, the World Bank has said. “This performance is boosted by...
Tanzania’s energy regulator raised the price of petrol in east Africa’s second-biggest economy on Wednesday but cut diesel and kerosene prices, citing a weaker local currency...
Gabon’s government has told French oil major Total’s local subsidiary to pay $805 million in back taxes from 2008 to 2010, in a case watched closely...
While oil could potentially accelerate the country’s development, Liberians also remember that mismanagement of its forestry, gold and diamonds resources was a factor that led to...
As companies develop new oil and gas fields in East Africa – from Mozambique in the south up to Tanzania, Kenya and Somalia – governments will...
Oil rig in Uganda. PHOTO/Tullow Oil East Africa’s first land based locally-owned drilling contractor is just starting up, signalling the intention of local investors to get...
Nigerian President Goodluck Jonathan. PHOTO/File (Reuters) – Nigerian President Goodluck Jonathan will not present the 2014 budget to the federal national assembly as planned on Tuesday...
Kaduna Refinery (Bloomberg) – Nigeria, Africa’s largest oil producer, plans to begin privatizing its 4 state-owned oil refineries before the end of the first quarter of...
Nigerian lawmakers say their country’s oil business must be investigated after an independent watchdog group alleged that Nigerian and Swiss traders may be complicit in defrauding...
Environmental Damage caused by oil spill. PHOTO/File (Reuters) – Shell Nigeria said on Wednesday it had shut down its Trans Niger Pipeline (TNP) owing to reports...
Oil rig in Uganda. PHOTO/Tullow Oil (Bloomberg) – Uganda is looking for a lead investor to develop a refinery estimated to cost US$2.5 billion, two weeks...
(Bloomberg) – Uganda’s economy is on course to expand in 2013-14 at the higher end of its forecast range, driven by growth in the services industry...
(Reuters) – Gabon has informed the World Trade Organization (WTO) that it will hold a licensing round for offshore oil blocks later this year, and that...
A worker at the Petroleum Refinery plant in Mombasa, Kenya. PHOTO/Daily Nation Africa-focused oil company Tullow Oil has made a new oil discovery in Kenya’s Lokichar...
(Reuters) – Uganda has agreed to a plan to build a pipeline from its oilfields to a new port being developed on Kenya’s northern coast, Uganda’s...
The Namibian government on Tuesday announced the first discovery of oil off it’s coast around the Walvis Basin. Namibia has commissioned a Rio de Janeiro-based energy...
(Bloomberg) – Angola, Africa’s second-biggest oil producer, plans to simplify taxation and more than double revenue from sources other than petroleum to curb the government’s reliance...
(Reuters) – Angola’s government on Wednesday approved the guidelines of a plan to hold bidding for licences to explore for oil onshore in the Kwanza and...
Tanzania President Jakaya Kikwete (l) with Malawi President Joyce Banda (r) Malawi President Joyce Banda has said that her country was giving up on mediation efforts...
U.S. President Barack Obama – and rising gasoline prices U.S. President Barack Obama is pushing Congress to authorize more federally funded research into clean energy technologies...
(Reuters) – Sudan and South Sudan have agreed to order the resumption of the flow of southern oil exports through pipelines in Sudan within two weeks,...
Offshore oil exploration will be allowed off the Bahamas, the environmental minister said Sunday, adding that a voter referendum on whether to go forward with full...
The National Oil Company of Liberia (NOCAL) has signed an exploration agreement with the Canadian Overseas Petroleum Ltd. (COPL) and ExxonMobil for exploration of Liberia’s offshore...
(Reuters) – Zambia’s mines and energy said on Monday the government would revoke oil exploration licences of companies that had been awarded them but had not...
(Reuters) – Kenya and Uganda said on Monday they were looking for a strategic private investment partner to build and operate a pipeline to transport refined...
The owner of a salvage company in the Bahamas says crews are trying to contain roughly 3,785 liters (1,000 gallons) of oil that spilled into the...
Newly inaugurated Ghana President John Dramani Mahama. PHOTO/Issouf Sanogo/AFP John Dramani Mahama became president of Ghana on Monday, sworn in as the opposition continues to dispute...
Oil rig in Uganda. PHOTO/Tullow Oil Uganda and Kenya are both individually expected to introduce new licensing for oil and gas exploration in 2013. Uganda first...
An oil spill has occurred three miles off of Grand Bahama. Officials say a cargo ship is slowly leaking oil off the northernmost island of the...
(Reuters) – Sudan has put a fresh obstacle in the way of allowing its land-locked southern neighbor to pipe its oil to the Red Sea, South...
Oil rig in Uganda. PHOTO/Tullow Oil A shortage of trained oil and gas workers in East Africa is slowing development of new fields following a series...
Angola on Wednesday launched a US$5 billion sovereign wealth fund to invest in domestic and overseas assets by funnelling its vast oil wealth into infrastructure and...
South Sudan plans to resume oil shipments in February 2013 once its parliament ratifies a raft of deals reached last month in Addis Ababa with the...
Nigerian farmers (r-r) Alali Efanga, Friday Alfred Akpan-Ikot Ada Udo, Chief Fidelis Oguru Oruma and Eric Dooh sit in the court in The Hague, Netherlands, 11...
(Reuters)- Some of the world’s biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique’s huge gas fields, an...
The leaders of Sudan and South Sudan have reached nine agreements but did not work out the issues surrounding the contested Abyei region or the demarcation...
Workers processing gold at the new Sudan Gold Refinery. PHOTO/Reuters (Reuters) – Sudan opened its first gold refinery on Wednesday as it seeks to improve the...
Caribbean Oil. PHOTO/News Americas With several Caribbean countries embracing offshore oil drilling, nations in the region should step up their abilities to combat emergencies stemming from...
Oil and gas explorers usually look outside East Africa’s relatively smaller financial markets to more developed markets like the United States, Canada and Europe, for funding...
(Reuters) – Former civil war foes Sudan and South Sudan are to resume talks on Tuesday in Ethiopia that mediators hope will produce a deal to...
(Reuters) – South Sudan expects to restart some oil output in December and more after June next year, an official said on Tuesday, after the new...
Sierra Leone is a country on the rise. Sierra Leone suffered a decade-long brutal war that ended in 2002. The country’s gross domestic product GDP is...
Jamaica together with its closest southern neighbor Colombia, has conducted a marine life survey that will help to prevent damage to the marine ecosystem when drilling...
Shell oil worker on an offshore oil platform in the Niger Delta. PHOTO/AP Heritage Oil PLC says it has agreed to buy a 45 percent stake...
Tanzania has nearly tripled its estimate of recoverable natural gas reserves to up to 28.74 trillion cubic feet from 10 trillion and plans to introduce new...
A new report by the United States Geological Survey (USGS) has assessed The Bahamas platform as holding up to 4.3 billion barrels. The study, entitled “Assessment...
Oil explorer Tullow Oil said it found oil offshore the Ivory Coast, giving it confidence that it will make additional discoveries in waters to the west...
By David Jessop Trinidad and Tobagos Point Fortin LNG terminal. PHOTO/File In March 1980 David Renwick, the Trinidadian journalist, and I wrote an extended feature for...
The company hired by the Bahamas Petroleum Company (BPC) to plan and execute an exploratory well in Bahamian waters says it believes it will be drilling...
(Reuters) – Planned investment in Uganda more than tripled in the first quarter of this year from the preceding three months, buoyed by increasing interest in...
(Trinidad Express) – Energy giants BP and BG Trinidad and Tobago yesterday signed three production sharing contracts (PSCs) for oil and gas exploration as a culmination...
(Reuters) – Swiss-based oil firm Nimex Petroleum has been suspended by Nigeria’s fuel regulator for failing to provide documents for shipments, the company said on Wednesday,...
Tullow Oil says that it has found even more oil at a site in northern Kenya discovered in March. Tullow said previously that 20 meters (about...
Conflict is brewing between Trinidad & Tobago and Grenada over the spoils of exploration for two of the country’s deep water blocks which were up for...
South Sudan’s President Salva Kiir, right, reviews an honour guard with Chinese President Hu Jintao. PHOTO/Alexander F. Yuan/AP The president of the world’s newest nation, South...
The president of South Sudan says attacks by rival Sudan amount to a declaration of war on his country. Salva Kiir made the remark Tuesday during...
South Sudan will withdraw its troops from the disputed oil town its forces took over last week, the president announced Friday, pulling back from offensive military...
Nigeria President., Goodluck Jonathan. PHOTO/File (Reuters) – Nigerian President Goodluck Jonathan signed the 2012 budget into law on Friday, keeping all the key figures the same...
Shell’s 100-mile-long oil slick off the Nigerian coast, 21 December 2011. PHOTO/by SkyTruth from data courtesy of the European Space Agency (Reuters) – Royal Dutch Shell...
Nigeria oil and gas refinery at Amenam in the Niger delta. PHOTO/File The Nigerian National Petroleum Corporation (NNPC) says the country cannot boost its oil output...
Troops from South Sudan moved into an oil-rich border town claimed by Sudan as fighting intensified between the countries over who controls the area, officials said...
The people of this Trinidad and Tobago (T&T) can expect better times ahead as state-owned company PetroTrin has struck “black gold” with the discovery of 48...
Kenya President Mwai Kibaki on Monday announced the discovery of oil in Turkana county, located in the country’s arid north-western region. The President said successful drilling...
Major international companies are in South Sudan for a summit aimed at showcasing the new country’s potential to investors. Investors received presentations from different ministers across...
U.S. President Barack Obama facing rising gas prices. PHOTO/AP U.S. President Barack Obama is reportedly set to announce in Oklahoma this week that he’s expediting the...
A spokesman for Islamist group Boko Haram has ruled out further talks with Nigeria’s government after preliminary, indirect contacts aimed at ending scores of deadly attacks....
Galeota block off Trinidad & Tobago. Source: Bayfield Energy Bayfield Energy CEO, Hywel John, yesterday described the discovery of oil and natural gas in the Galeota...
U.S. President Barack Obama. PHOTO/File Barack Obama likes to say that as President of the United States, he doesn’t “bluff” when it comes to foreign policy....
(Reuters) – Nigeria’s government has in the last week held its first indirect peace talks with Islamist sect Boko Haram, meeting mediators to discuss a possible...
Phase 15 and 16 of South Pars gas field development in the Iranian port town of Asaluyeh. PHOTO/Atta Kenare/AFP/Getty Images South Africa hopes to have a...
Liberia is still years away from tapping what African Petroleum calls a significant oil deposit off the country’s coast. But as the company assesses deposits for...
Oil rig in Uganda. PHOTO/Tullow Oil (Reuters) – British oil firm Tullow Oil said a long-awaited US$2.9 billion deal to bring in French oil major Total...
The National Oil Company of Liberia (NOCAL) welcomes the announcement by African Petroleum that their Narina-1 exploratory well drilled in Block LB-09 off the coast of...
Oil prospecting in Uganda. PHOTO/File The recent signing of new oil agreements between Uganda and Tullow has paved the way for the farm-down to partners Total...
Landlocked South Sudan has signed a second oil pipeline deal in a bid to reduce its dependence on Sudan – amid a deepening oil crisis. The...
Jamaica Oil exploration blocks The Petroleum Corporation of Jamaica (PCJ) has extended production sharing agreements held by a subsidiary of Sagres Energy Inc., on offshore blocks...
(Reuters) – Suspected militants from the Boko Haram Islamist sect have killed six people in shootings in Nigeria’s remote northeastern Borno state in the past two...
(Reuters) – South Sudan has signed an agreement with Kenya to build a pipeline to connect its oil fields with the Kenyan port of Lamu, both...
Plans to construct a pipeline to transport South Sudan’s oil through Uganda and Kenya in a bid to reduce over-reliance on Sudan’s infrastructure are at an...
(Reuters) – Ghana has cut fuel subsidies following an increase in crude oil prices and the depreciation of the Ghana cedi currency, the head of Ghana’s...
Royal Dutch Shell PLC and Italian oil firm Eni SpA say they have purchased rights to an offshore oil field near Nigeria’s coast that could hold...
Angola’s parliament Tuesday approved a law forcing oil companies to use local banks for all their transactions, the country’s official news agency Angola Press said. Angola...
Royal Dutch Shell PLC (Shell) says a fire broke out on one of its pipelines running through Nigeria’s oil-rich southern delta that already had been shut...
Uganda President Yoweri Museveni has indicated to parliament he is not likely to delay approval of Tullow Oil‘s long proposed partnership with Total and the China...
Amnesty International has called on Shell to pay US$1 billion to start cleaning up two oil spills in Nigeria’s Niger Delta which it says caused huge...
East African Rift Valley – Source: Tullow Oil Africa’s new scramble for oil is heading east, where the potential could be huge but the risks are...
The speaker of Uganda’s parliament has recalled the national assembly from recess for an emergency session to debate the tax disagreement between the government and London-listed...
Ghana’s economy has grown by 33.5 percent in the year to the second quarter of 2011, as a result of oil output, the country’s statistics office...
IT APPEARS that all may not be well at the state-owned oil refinery. A notation in the revised public bodies budget recently presented to Parliament indicates...
ABUJA, Nigeria — A government agency says Nigeria could lose more than $3 billion from its annual share of oil revenues if proposed laws are passed...
Seawolf Oilfield Services CEO Adolor Uwamu – coutersy of CNN Nigeria is Africa’s top oil producer, with exports worth $59 billion last year, but the industry...
Nigeria’s crude oil export has recorded a major boost as Shell Petroleum Development Company (SPDC) has lifted force majeure on about 300,000 barrels per day of...
KHARTOUM, Sudan — Sudan’s president threatened Wednesday to block pipelines in the south if the government there doesn’t pay to transit oil or share it with...
