South Africas oil and gas sector is set for growth as an upsurge in exploration and the increasing offshore prospects point towards considerable potential for its long-term upstream prospects, a study has suggested

Shell’s divestment plan in Nigeria may take longer than expected, with an election in February likely to complicate the sales process and cause delay of upto a year

US firm Cobalt International Energy and its partners announced that they have discovered significant quantities of oil offshore Angola in the Kwanza basin

OMV has signed a farm-in agreement with Tullow, an exploration-led firm that has been successful in finding and developing new resources onshore and offshore Africa, according to the company