Africa's richest man, Aliko Dangote, has signed a multi-billion dollar deal with banks to finance the building of an oil refinery in the country. Read more »
The Canadian oil firm Africa Oil announced a five-fold increase in its estimate of the oil reserves in Turkana County's South Lokichar Basin after a year of testing in the area, ... Read more »
The Libyan government is struggling to end strikes by oil workers and militia that have led to significant losses in export revenues from the country's petroleum sector. Read more »
The scourge of piracy in the Gulf of Guinea can only be eradicated if the socio-economic and political environment in which piracy emerges as a viable activity is also addressed, ... Read more »
Shell plans to sell at least four more oil blocs due to increasing theft of crude oil, oil spills, community challenges and its inability to renew the licenses of some of the ... Read more »
The Malabu oil scandal arose from a few private firms that allegedly sold off an oil bloc to major oil firms ENI, Shell and Agip - proceeds of which were shared by the private firm ... Read more »
The European Parliament is set to stop the purchase of stolen oil from Nigeria in Europe as any crude oil meant to be sold in the European market is now to be accompanied with a ... Read more »
The European parliament has banned the sale of stolen crudel, stating that all oil must have a certificate of origin. Read more »
Oil and gas deposits have been discovered in the Bida basin in Niger State. Read more »
The head of the National Oil Company of Liberia, Randolph McClain, has clarified that contrary to media reports, NOCAL's deal with his former employer was lawful. Read more »
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