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
Exploration
Undeveloped African oil and gas reserves 'worth US$125 billion'
A new report has placed the value derivable from reserves in conventional undeveloped oil and gas fields in Africa at an estimated US$125bn
SacOil to receive capital injection of US$80.2 million
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
FAR and Ophir Energy sign agreement for offshore Kenyan block
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 resumes pumping in western oilfield
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
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