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1 billion barrels of oil offshore uncovered in Gambia

An independent audit has uncovered at least 1 billion barrels of oil offshore Gambia. According to West African explorer FAR Ltd., an audit of geotechnical data show the Samo and Bambo prospects off the coast of Gambia hold combined best estimate prospective reserves...

Nigerian Oil Summit to revive African oil industry

The Nigerian government has recently announced it will host the Nigeria International Petroleum Summit (NIPS) in Abuja this February to revive the African oil industry. The summit will run from the 19th-23rd February in Abuja, Nigeria. Nigeria, as the...

World oil demand still high

Despite the global movement towards renewable energy, oil demand is still high. Oil is still expected to be a top commodity in the next two decades. According to the Organization of the Petroleum Exporting Countries (OPEC), oil will remain the world’s top trading...
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