Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign investors, and is also a major source of revenue. Political instability, oil theft ...

Gbenga Komolafe, chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Africa will ...

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that Africa will require more than $600bn annually in upstream oil and gas investment to ...

The current estimates of Africa’s oil and gas reserves of 120-million barrels of crude oil and 632-trillion cubic feet of natural gas are considered “grossly conservative”, says African ...

There’s a huge amount of financing required to close the financing gap on the continent. It’s quite clear that there’s not ...

The Prime deal doubled Africa Oil's reserves and production in the high-quality Akpo, Egina and Agbami oil and gas fields ...

Several former traders from oil major Shell have set up trading house Atmin, backed by Afreximbank, to focus on African oil trading, two trading sources familiar with the development said.

Nigeria has repositioned to tap into the projected $600 billion annual upstream investment required to grow Africa’s oil ...

CEMAC region targets $5 bln-$10 bln to boost reserves Oil companies seen paying significantly less Investment into oil-producing region set to decline April 22 (Reuters) - Six Central African nations ...

The jump in gold prices past $3,500 an ounce for the first time, amid concern that Trump may seek to oust Federal Reserve Chair Jerome Powell, provides additional support, with Ghana, the region’s ...

VANCOUVER, BC, April 28, 2025 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp.'s ("Africa Oil" or the "Company") representatives on Impact Oil & Gas ...

Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to unveil its new brand identity with a change of name ...