Posts Tagged ‘oil’

Africa needs to fully leverage its oil and gas resources

Much of Africa’s recent economic growth has been a direct result of the positive momentum achieved in oil and gas production.

The decline of Sudan’s cappuccino-sipping middle class

Sudan’s boom years ended when South Sudan seceded in 2011.

Africa’s economy set for dramatic changes

An interview with Carlos Lopes, the executive secretary of the Economic Commission for Africa.

African oil and energy sector fuelling global investor growth, says DHL

While oil and gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers.

Olusegun Obasanjo: In Nigeria, agriculture is the new oil

When Nigeria announced recently that it had become Africa’s biggest economy, you could be forgiven for thinking that oil was the only reason.

Oil and mining to be the backbone of East Africa’s economic growth

Oil, gas and mining developments could have positive spill-over effects for the rest of the economy.

UK-based Soma Oil & Gas talks about its plans in Somalia

Soma Oil & Gas is the first company to sign an oil deal with the new Somali government.

Notes from the Nigerian frontier

Despite some political and economic instability, Nigeria offers a range of investment and growth opportunities.

Oil prices and implications for Africa

Rising oil prices will affect African economies differently, depending on whether they are net exporters or net importers of the commodity.

Is there oil in Kenya?

Kenya hopes a commercial discovery will be made in the near future as the country has geological features similar to those of areas where crude oil was found in Uganda and natural gas is being exploited in Tanzania.

Ghana oil production yet to peak

More than a year after Ghana pumped its first commercial crude oil, production is yet to reach its capacity of 120,000 barrels per day (bpd).

African governments seeking greater benefits from mineral wealth

African governments are increasingly seeking a bigger chunk of their mineral resources wealth.

Nigeria: Why major oil companies are not interested to build refineries

This Day newspaper reports that none of the international oil companies operating in Nigeria have shown an interest to build a refinery in the country.

More oil fields to be developed in Ghana

UK-based Tullow Oil has announced that it will develop more oil fields off the Ghanaian coast.

Total to search for oil in Tanzania

Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said on Tuesday.