Exploration

Oil price prediction from Africa Independents Forum

OIL PRICEIs the end in sight for depressed oil prices? (Image source: Flickr/Christopher Penn)By the end of June 2016, oil prices could be up to US$57 a barrel and US$73 by 31 December 2016

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SAIT Polytechnic to train Equatorial Guinea nationals

8056045042 a3c29926f2 oThe Minister of mines, industry and energy, HE Gabriel Mbaga Obiang Lima. (Photo: 79195496@N06/Flickr)The Ministry of Mines, Industry and Energy of Equatorial Guinea has signed an agreement with the Southern Alberta Institute of Technology (SAIT Polytechnic) to provide comprehensive technical training to Equatorial Guinea nationals in Canada

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Angola increases lead over Nigeria as Africa’s top oil producer

oilfield haymarketrebel flickrAngola’s daily output increased to 1.788 mnbl, while Nigerian production dropped to 1.637 mnbl. (Image Source: haymarketrebel/Flickr)A report by the Organisation of Petroleum Exporting Countries (OPEC) has revealed that Angolan oil production increased again in April, overtaking Nigeria

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Oil outages in Nigeria to continue for 'at least the next 12 months'

pipeline explosion FiveflowerPipeline attacks in Nigeria are expected to continue for the short to medium term. (Image source: Fiveflower)Nigerian oil output will be affected by major outages for at least the next 12 months after a wave of pipeline attacks, according to a recent report published by PGI Intelligence

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Eland to raise US$15mn for Gbetiokun-1 well

Maarten Heerlien flickrEland aims to begin initial production in the well by the second half of 2016. (Image Source: Maarten Heerlien/Flickr)Eland Oil & Gas plc has announced that it will raise around US$15mn to fund operations at the Gbetiokun-1 well in Nigeria

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