Continued supply growth will become "unsustainable", leading to a supply shortfall of 4.5mn bpd by 2035 unless exploration results start to "significantly" improve, oil supply research firm Wood Mackenzie has warned

South African based oil and gas company, SacOil, has signed an MOU with London-based Energy Equity Resources (EER) to explore oil and gas opportunities in Nigeria

Italian company ENI has acquired 40 per cent equity interest in four offshore Morocco acreages

Tanzanian minister for energy and minerals Sospeter Muhongo has announced that the Uganda-Tanzania oil pipeline will be complete by June 2020