San Leon Energy today confirmed its Nigerian acquisition has been completed.
Aminex has sold its 3.825% interest in the Kiliwani North Development Licence in Tanzania to Solo Oil for $2.16million.
Vitol and Seplat Petroleum are among nine companies bidding to construct new oil refineries in Nigeria as Africa’s top crude producer seeks to boost output of refined fuel and end its dependence on imports, an official said.
Statoil has pulled out of its controversial partnership with Somoil Angola.
Investigators have visited oil major Shell's headquarters in the Hague in relation to a Nigerian offshore oil field.
Nigeria has arrested a person suspected of having bombed an oil pipeline belonging to Italy's ENI in the southern Delta region, the commander of a state security force said on Wednesday.
Scottish oil company Bowleven said it remains in a strong position despite recording a $132million loss in the second half of 2015.
A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence offshore Ghana.
The Dodsal Group said it has made a new gas discovery in Tanzania's Ruvu Basin Coast worth an estimated $8billion.
A committee set up by Nigerian President Muhammadu Buhari to investigate the awarding of security contracts from 2011 to 2015 has found as much as 123 billion naira ($618 million) in fraudulent payments could be recovered, the government said.
ExxonMobil is said to be in talks to take a sizeable stake in Eni's acreage off Mozambique, according to reports.
Nigeria's state oil company failed to transfer 4.9 trillion naira ($25 billion) to the public purse between January 2011 and December 2015, an official body said today.
Nigerian President Muhammadu Buhari has urged banks in his country to boost lending to agriculture as the region looks to diversify away from oil and gas.
Oil major Shell has invested in a new subsurface research centre in Nigeria to help boost the country's further development in the oil and gas industry.
Oil major BP and Norwegian operator Statoil said they will pull staff from two gas plants in Algeria following an earlier attack.
Algeria’s army has killed four militants, who authorities believe are responsible for Friday’s gas plant attack.
Sterling Energy today confirmed it had completed its withdrawal from the block C-3 located offshore the Islamic Republic of Mauritania.
South Africa and Saudi Arabian ACWA Power IPO-ACWA has launched a $328million solar power plant in the Northern Cape province as it looks to expand its power supply while reducing reliance on coal.
Nigeria's government said it will prosecute vandals who attack the country's pipelines.
MX Oil today confirmed it has successfully raised £2.5million by placing 333,333,333 ordinary shares at a price of 0.75 pence per share.
Technip has won a three-year deal from Total.
Petroplan has expanded into Mozambique after successfully landing an official business license to operate in the area.
As canoes glide past mangroves blackened by oil in the Niger River delta, two dozen children splash around in a creek covered by a sheen of crude while families take shelter from the punishing midday sun in half-built houses.
Two Italian hostages have been freed from Islamic State captivity in western Libya, local officials say.
Nigeria said it plans to break up its state-owned oil company into 30 separate units in the coming weeks.