African Business News

Africa Oil sees interest from foreign investors in East African oil exploration

Investment into Africa’s burgeoning oil and gas sector is expected to rise in coming years as big oil companies and foreign investors from the US, Europe and Far East finance existing and new projects in the continent.
According to Keith Hill, CEO of Canadian oil and gas

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Nairobi announces recent large and world-class gas discoveries in Mozambique and Tanzania

Recent large and world-class gas discoveries in Mozambique and Tanzania, with potential for more to come, and commercial oil flows in Kenya, show the potential of the enormous exploration frontiers of Eastern Africa, both onshore and offshore. The impact of this resurgence is rebalancing the Africa oil-gas industry landscape into a

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Focus on Western Africa's Oil and Gas exploration

With an interior domain across 27 countries, covering one half of the African land mass, and a offshore potential from Morocco to the Cape, the Western Africa oil and gas exploration zone is one of the world's richest and most promising for ventures and new opportunities in the upstream market. The 19th Western Africa Oil, Gas & Energy

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Nigeria eyes US$10billion gas-based investment by 2014

NNPC Group Managing Director Andrew Yakubu said at the Offshore West Africa Oil and gas conference on Tuesday in Accra, Ghana that Nigeria’s oil and gas production had been on the decline due to crude oil theft and severe flooding in the Niger Delta.

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