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OPEC Meeting in Algeria Will discuss ways on how to stabilize the Oil Market—Saudi Arabia

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Saudi Arabia will work with OPEC and non-OPEC members to help stabilize oil markets, it said on Thursday a month ahead of an informal meeting of major producing…

Exxon says is in Advanced talks with Italian Major Eni to acquire stake in Mozambique Gas Feilds

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Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the…

South Africa Energy Industry workers’ Strike Likely to affect Oil Refineries—Expert

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South African energy workers plan to strike from Thursday over wages, potentially affecting crude oil refineries and fuel depots, the Chemical, Energy, Paper, Printing, Wood and Allied Workers…

Here is How the Looming fall in Oil Demand Could Trigger Another Market Slump

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By Gaurav Sharma… Towards the middle of the current trading year, a glut ridden oil market had started showing some signs of rebalancing. Decline in US oil production…

Ghana announce Deficit in Oil Earnings, The Saturated Market is Hurting the Once Hopeful Producer

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Ghana’s crude oil revenues will be 1.4 billion cedis this year, lower than a previous estimate of 2 billion cedis, the finance minister said in a budget review….

New ‘Panama papers’ Expose Oil Companies and Gov’t Officials in Misuse of Corporate and Political power in Africa

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Nearly four months after the initial release of the Panama Papers, investigations into the use of offshore accounts to channel illegal funds have now revealed a large-scale network…

Watchdog: Nigeria Lost $5.9 Billion from Oil in 2013 due to Theft, vandalism and Irresponsible Gov’t Dealings

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Africa’s largest Oil producer Nigeria lost over $5.9 billion in oil theft and vandalism of major installation and irresponsible secret government dealings, Nigeria Extractive Industries Transparency Initiative said….

Price Slump opening way for Private Equity firms to Enter Oil industry—Ernst and Young Report

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A recent report by Business Consultants Ernst and Young indicate that Private equity (PE) firms are preparing to invest in global oil and gas sector despite the recent slump…

Here is why Tullow Oil is unlikely to Halt Ghana Oil Production Despite damaged ship

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Tullow Oil is set to announce on Thursday how it will repair a ship that is a hub for its most important oil field, and is likely to…

Angola Announce Discovery of New Oil and Natural gas Well, Find totals to 813 million barrels of oil equivalent

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Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million barrels…