The Federal Government has announced the approval of four of the five Aje oil wells, discovered in Lagos State, and disclosed plans to commence disbursement of 13 per cent derivation fund to the state as an oil producing entity
Uganda is clearing hurdles to become a major commercial crude oil producer, according to a Reuters report
Major oil discoveries in Uganda, Kenya, Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry
Eni has successfully completed a drill and test in the Zohr field
President Jomo Kenyatta has set a path to be a major oil producer by 2019
