South Sudan inherited 75 per cent of proven oil reserves from Sudan at the time of independence in 2011, making it the third largest oil reserve in sub-Saharan Africa
Exploration
Morocco awards operatorship of Lixus offshore licence to Chariot
UK-based Chariot Oil & Gas Limited has won a 75 per cent interest and operatorship of the Lixus offshore licence in Morocco
Global oil and gas discoveries on the rise: Rystad Energy
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger role of the conventional resources discovered in the first quarter, according to Rystad Energy
E&P free cash flows soar to record-levels: Rystad Energy
The world’s publicly listed oil and gas companies saw their free cash flow (FCF) for public exploration and production (E&P) companies soared to almost US$300bn last year and 2019 could turn out to be another blockbuster year, according to an analysis by Rystad Energy
Nigerian minister updates APPO Cape VII on the Petroleum Industry Bill's progress
His Excellency Emmanuel Ibe Kachikwu, Nigerias minister of state for petroleum, held a press conference at APPO Cape VII, in which he gave an update on the progress of the Petroleum Industry Bill (PIB). Following incumbent president Muhammadu Buhairis win in this years elections, Kachikwu confirmed that the bill was with the president and could receive assent by June, when the ninth assembly of the Nigerian parliament convenes
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