Eni has announced it completed today the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V

In anticipation of future license rounds, seismic imaging specialist Spectrum has announced the commencement of a 2D seismic survey offshore Mozambique, on behalf of the Institute of National Petroleum (INP)

Oil prices rose almost two per cent on Friday, as Chinese crude demand ruses and threats of a strike in Africa’s largest oil exporter

Petrolex Oil & Gas Ltd has announced that it is planning to build a US$3.6bn oil refinery in Nigeria, with a capacity of 250,000 bpd