Oil Archives - African Business Magazine

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Kenya: large-scale oil production moves a step closer

A consortium led by Tullow Oil has announced the drilling of another successful oil exploration well in the South Lokichar Basin, increasing the likelihood of large-scale oil production in Kenya.…

Uganda’s oil projects stall

Uganda’s hope of becoming East Africa’s biggest oil producer have been hampered by the government’s inability to attract investors to build a planned oil refinery.

Buhari weighs up oil reforms

It has been clear for many years that the Nigerian oil and gas industry needed deep-seated reform.…

Oil price weighs on M&A deals

Low, uncertain oil prices could pin back deal-making in Africa’s hydrocarbon sector this year after two strong years for mergers and acquisitions.…