While the oil price remains volatile, Nigerian independent Oando plans to focus on existing reserves rather than undertake extensive exploration activities
Exploration
Tullow and Africa Oil upbeat about South Lokichar basin prospects
Kenyas South Lokichar basin remains one of the brightest hope for oil production in East Africa, according to senior executives from Tullow and Africa Oil
Equatorial Guinea and Arabian Energy work together on Bioko oil and petroleum facility
The Bioko Oil Terminal could become the largest oil and petroleum storage facility in West Africa following the signing of an agreement between the government of Equatorial Guinea and Arabian Energy
Solo Oil announces helium acquisition in Tanzania and Ruvuma gas progress
Solo Oil has acquired a 10 per cent interest in Helium One Limited and announced plans to progress further with the Ruvuma gas field, increasing its presence in Tanzania
Lake Malawi ownership dispute escalates
The ownership of Lake Malawi, which has enormous oil and gas potential, remains in dispute with the government of Malawi announcing plans to take Tanzania to the International Court of Justice in The Hague