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The Libyan Oil Industry’s Story of Recovery – And What it Means for the Rest of Africa

By NJ Ayuk, Executive Chairman, African Energy Chamber If I called 2020 a terrible year for the oil industry, no one would take exception. Demand collapsed in the spring, during … Read More

Rosgeo Successfully Completes Geological Mapping in Equatorial Guinea and Moves Forward to Phase 2

A month after it started a historic geological mapping project in Equatorial Guinea’s Rio Muni region, Russia’s state-owned joint stock company Rosgeo has made significant progress and is stepping up … Read More

Equatorial Guinea and Russia Officially Break Ground on their Geological Mapping Project in Río Muni

Last week marked an important step in the energy cooperation between Equatorial Guinea and Russia, as the first team of Russia’s state-owned joint stock company Rosgeo arrived in Equatorial Guinea … Read More

LIBYA: NOC Hopeful Regional Countries Behind Oil Blockade Will Lift It After Weeks Of Negotiations

NOC has confirmed there have been ongoing negotiations to resume oil production over the past several weeks with the between the GNA, NOC and regional countries, under the supervision of … Read More

The Way Forward: How Africa Can Make a Comeback from the Oil & Gas Downturn

Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this … Read More

Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData

In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company’s report,  reveals that … Read More

Russian consortium now wants Uganda’s refinery project downsized

Weeks after pulling out as the preffered lead bidder for the 60,000 barrel refinery to be located in Hoima Uganda the Russian consortium RT Global resources is now demanding that … Read More

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