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OPEC Report: Nigeria slumps in Oil Production, Angola Now New Africa Oil Producing giant

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As the crash in crude continues to hit hard on the country’s economy, Angola is now the number one oil producing nation in Africa, taking over the position of…

Tullow makes new Oil Discovery in Kenya’s Kerio Basin

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Britain’s Tullow Oil said it had made an oil discovery in Kenya, which could mean opening up a second oil basin for development in the country south of…

Oil and Corruption; How Nigerian Officials refused to remit $235.7 Million from Oil sales

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Nigeria’s state-run oil firm withheld some 3.2 trillion naira ($16.2 billion, 14.6 billion euros) from the sale of crude oil in 2014, according to a government report from…

Tanzania Concludes Integrity Tests for Leading gas well, Production to Start in April

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UK based Solo oil plc and partner Aminex plc announced that all integrity tests on Tanzania’s Kiliwani North-1 gas well (KN-1) have been completed and the well awaits…

Nigeria Plans to split National Oil Corporation into 30 Independent Companies as an Anti-Corruption measure

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Nigerian National Petroleum Corp (NNPC) is to be split into 30 independent companies within weeks, the group’s head said on Thursday, in a restructuring designed to help tackle…

Tanzania Announce discovery of additional 2.17 Trillion Cubic Feet of Natural gas near Capital Dar es Salaam

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Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more…

Giant Shell Enters Tanzania Gas Industry as nation warms up for Billions in Capital Gains Tax

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The government of Tanzania is bracing itself to receive millions of dollars in capital gains tax following Shell’s acquisition of BG Group assets in Tanzania gas wells. The…

South Sudan and Khartoum to revise Crude Oil transit charges on prevailing prices—Official

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South Sudan has revised Oil transit charges with its neighbor Sudan on the basis of prevailing crude oil prices, Officials have said. In August 2013 South Sudan agreed…

Africa’s Major Oil producers Nigeria and Angola seek World Bank Financial support

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By Agencies… Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening…

Tanzania in Final Pre-production well tests, expects first gas in mid-February 2016

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Tanzania’s Kiliwani North-1 gas well is undergoing final well integrity tests a head of the first gas production expected in the in mid February 2016, the operator company…