Transnational Corporation of Nigeria (Transcorp) and the Nigerian National Petroleum Corporation (NNPC) have signed a contract for the exploration and production of Oil Prospecting Lease (OPL) 281

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