Petrel Resources results for the year ended December 31, 2011, have revealed that the oil exploration and production company has a cash position of EUR 4.2 million (US$5.2 million) and has plans for further African expansion
Rialto Energy has recovered oil and gas samples from a sidetrack of its Gazelle P3 well in Block CI 202 offshore Côte dIvoire
Canadian-based oil and gas company Talisman has been given the go ahead to begin exploration of Block SL-4B-10, offshore Sierra Leone, after replacing Prontinal as majority owner of the block
South Africa is looking for new oil suppliers in Saudi Arabia, Angola and Nigeria to replace crude oil supplies from Iran
Two of the largest oil industry giants, Shell and PTTEP, look set to continue their fight for Cove Energy after its face-lift in the markets following discoveries offshore Mozambique
