Oil of DR Congo has announced that Lake Albert may be holding two billion barrels of oil reserves, adding that any confirmed discovery would require major investments for further development
A new report has placed the value derivable from reserves in conventional undeveloped oil and gas fields in Africa at an estimated US$125bn
Oil and gas company SacOil has announced that it will receive a capital injection from Gairloch Limited amounting to more than US$80.2mn via a rights offer
Australia-listed FAR has announced that it has entered into a joint venture agreement with Ophir Energy to carry out exploration activities on a block offshore Kenya
Libya has announced that it has resumed pumping on its key oilfield in the west, El Sharara, after a pipeline linking the field to export terminals was re-opened
