– – The secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities. Mohammed Barkindo has also assured that OPEC will continue to serve as a viable partner and “assist” Africa oil-producing countries “in whatever way possible.” Barkindo was speaking during a meeting at the Republic of the Congo’s National Oil Company, Société nationale des pétroles du Congo (SNPC. The meeting was part of a historic three day OPEC and African Energy Chamber delegation to the country on Monday.…Read More
South Sudan said announced that it has made a small oil discovery in Northern Upper Nile State. This is the first time the country is making any form of oil discovery since independence in 2011. War and instability has largely affected exploration activities in the small country. The country’s oil minister, Awow Daniel Chuang said on Thursday that the new field is located in the Adar area of Northern Upper Nile State. The field according to Awow Daniel Chuang, contains 5.3 million barrels of recoverable oil and will be linked…Read More
It was some seven years ago that UK-based oil exploration firm Tullow Oil Plc ($TUWOY) first discovered promising reserves in the land-locked East-African nation of Uganada.
Indeed, the company’s discoveries in Uganda, as well as in the neighboring Democratic Republic of Congo, had caught the attention of a number of major companies, such as Royal Dutch Shell ($RDS.A), France’s Total SA (TOT) , and China’s CNOOC Ltd. (CEO) .