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Giants Exxon Mobil, Eni and Sasol Emerge winners of Fifth Mozambique Oil Exploration Licencing Round

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Oil giants Exxon Mobil, Eni and South Africa based Sasol emerged among the winners of  the Mozambique’s  lucrative exploration rights for fossil fuels off its Indian Ocean. Exxon…

Tullow Oil delays Investment in Uganda Oil Field, says Pipeline Route Must be decided before

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Reuters CAPETOWN Tullow Oil Plc plans to make a Final Investment Decision (FID) on a new oilfield project in Uganda in early 2017, later than planned, Chief Executive Aidan…

‘Africa Oil Industry is Our Business Focus’, Oil Well Technology firm AGR assures delegates at Africa Oil Week Summit

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Statement by AGR at the 22nd annual Africa Oil Week in Capetown South Africa… CAPETOWN We have managed over 500 well projects globally, over 40 of which have…

Improve ‘Investment Environment’ to Seize opportunity in Oil—Expert advise new Africa producers

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By Camillo Atampugre, Vice President for Oil and Gas Baclays Bank… The number and calibre of delegates set to attend the Africa Oil Week conference in Cape Town…

About EnvironServ, the first Oil waste treatment Plant in Uganda Oil Sector

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EnviroServ is a South African based Company, with over three decade experience in providing responsible waste solutions to industrial and commercial clients including Oil and gas and mining…

Analysis: How The Oil Price Crash Will Make Markets More Efficient

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By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that…

Watchdog group ‘Global Witness’ Says Four African countries lost $4 billion in dubious Oil deals

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A latest report from watchdog organisation Global Witness titled “How to Loose $4 billion” details how four Africa Oil producers have lost huge sums of money from dubious…

Iran Oil Minister ask OPEC Countries to cut crude Production to save falling prices

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OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said. “No one…

Tanzania Injects $1.33 billion into natural gas pipeline to curb domestic Power Shortage

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Tanzania initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president’s…

Nigerian President Muhammadu Buhari to Leave Oil Minister Post Vacant as way of Clearing Corruption

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Nigerian President Muhammadu Buhari, in his bid to clear corruption in the Oil sector will  leave the Petroleum Ministry vacant and under his close supervision, an official said….