UK referendum affects global oil prices

EU British referendum oil price BrexitThe UK has voted to leave the EU by 51.9 per cent to 48.1 per cent. (Image source: lazyllama)Oil prices fell sharply in the wake of the UK’s historic vote to leave the European Union on 23 June, in reaction to market volatility and fears of an economic slowdown

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Tullow Oil and Total E&P to acquire production licences in Uganda

offshoreuganda jjordan64816A total of 120 exploration and appraisal wells have been drilled in the country, according to official sources. (Image source: jjordan64816/sxc.hu) Uganda will issue production licences for six blocks to Tullow Oil and Total E&P Uganda before the end of this month, according to state minister for minerals (designate) Peter Lokeris

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BP Energy Outlook offers mixed news for Africa

BP ANGOLAA deepwater rig that BP operates in Angola. (Image Source: Flickr/BP)Projections from the BP Energy Outlook 2016 spell out an interesting time ahead for Africa's oil and gas operators

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Nigeria to reduce environmental impact of oil exploration

Nigeria to reduce environment impact of oil explorationThis move is in support of the United Nations Environment Programme (UNEP) on best environmental management practices. (Image Source: Shaun Undem/Pixabay)The Nigerian National Petroleum Corporation (NNPC) has committed to reduce the impact of its oil industry on the environment as a means of preserving and conserving wildlife resources

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SacOil granted 8 month licence extension for Malawi oil block

oil rig James ThewSacOil has performed a desktop study on Block 1 in northern Malawi. (Image source: James Thew)SacOil has announced it has been allowed an eight month extension of the current licence term of onshore licence, Block 1 – situated in the northern part of Malawi

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