The Eirik Raude semi-submersible rig operates on the Jubilee Field offshore Ghana. (Photo: Tullow Oil)

Tullow drills for Ethiopia’s first oil in Kenyan extension

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Tullow Oil Plc (TLW), the U.K. explorer that found Kenya’s first crude a year ago, is about to find out whether the resources extend into neighboring Ethiopia, a nation dependent on agriculture that’s yet to discover any petroleum.
Categories: Africa, Crude oil
In this Thursday, March 24, 2011 photo, a cluster of houses is seen in Port Harcourt in Nigeria's Delta region.  (AP Photo/Sunday Alamba)

Nigeria needs balanced oil-industry law, Shell says

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Nigeria, Africa’s top oil producer, needs a balanced industry law favorable to the government and energy companies that pump the country’s crude, said Mutiu Sunmonu, chairman of Royal Dutch Shell Plc’s local unit.
Categories: Africa, Crude oil
Lord Mark Malloch-Brown, an advisor for FTI Consulting, says the countries that do best in the current investment climate will be those that provide support for investors. (Eric Kayne photo)

In Africa, “there will be winners and losers”

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With 48 of the continent’s 54 countries pursuing exploration for oil and gas, longtime advisor on Africa, Lord Mark Malloch-Brown, says investors need to be savvy.
Nigeria-pirates

Commentary: The plight of the Nigerian energy industry

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Nigeria is a fascinating country, with so much potential yet so many challenges. It is the largest oil producer in Africa, and has 37 billion barrels of proven oil reserves (10th largest in the world). It is also the holder of the largest natural gas reserves in Africa. For all intents and purposes it is also a […]
Noble's exploration in the eastern Mediterranean (Image: Noble Energy)

Noble Energy profits boom in fourth quarter

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Noble Energy banked $251 million in the fourth quarter, after recording a loss a year earlier, demonstrating that its focus on high-performance plays is paying off.
Oil is seen on the creek water's surface near an illegal oil refinery in Ogoniland, outside Port Harcourt, in Nigeria's Delta region. A region of Nigeria's oil-rich southern delta suffers widespread ecological damage as spilled oil seeps into its drinking water, destroys plants and remains in the ground for decades at a time, according to a UN report. (AP Photo / Sunday Alamba)

Nigeria spill fines on Shell, Chevron, not backed by law

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Fines amounting to $8 billion sought by Nigeria from Royal Dutch Shell Plc (RDSA) and Chevron Corp. (CVX) for oil spills are not backed by law, said Bukola Saraki, chairman of the country’s Senate Committee on Environment.
Categories: Accidents, Africa, Crude oil
(Photo: Flickr, Caston_Corporate)

Energy industry fueled by strong M&A activity

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The oil and gas sector announced an average of four deals each day in 2012, according to a report released Thursday. Oilfield services was the fastest-growing segment.
The Amenas natural gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013.

BP: Four missing employees in Algeria feared dead

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Four BP employees listed as missing after the terrorist attack in Algeria now are feared dead.
Categories: Africa, Natural gas
The Ain Amenas gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013. (AP Photo/Kjetil Alsvik, Statoil via NTB scanpix)

State Department: All Americans accounted for in Algeria attack

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Three Americans were killed and seven survived the terrorist assault on an Algerian natural gas complex.
Categories: Africa, General
Michael  Lovelady, left, sits with his niece, Erin Lovelady, as they meet with reporters to talk about Victor Lovelady--Michael's brother and Erin's father--who died in the terrorist assault in Algeria. (AP Photo/Pat Sullivan)

Daughter remembers kindness of dad who died in Algeria attack

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The family of Victor Lovelady, a Houston engineer killed in the terrorist assault on an Algerian natural gas facility, says his funeral will be in Nederland.
Categories: Africa