Oil Prices Rise Despite Climbing Rig CountOilPrice.comBaker Hughes reported another 6-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 990, which is an addition of 201 rigs year over year. The num …

Congo Grants Total Extension to Oil-Exploration LicenseBloombergCongo may hold as much as 6 percent of Africa's oil reserves and has “significant development potential,” according to a 2013 briefing note by Norton Rose Fulbright. In February, Congo Pre …

Nigeria's Oranto Petroleum signs Uganda oil exploration dealReutersCAPE TOWN (Reuters) - Nigeria's Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert, the company said on Tuesday. …

The “Amazon Effect” Is Coming To Oil MarketsOilPrice.comNow, things are beginning to change, and some observers, such as Cottonwood Venture Partners' Mark P. Mills, believe we are on the verge of an oil industry transformation of proportions identical …

Reuters AfricaCongo govt's H1 mining revenues rise 9 pct, oil revenues up 140 pctReutersThe finance ministry also said in a quarterly report, seen by Reuters on Tuesday, that revenues collected from the oil and gas sector rose 140 percent in the first …

UK oil firm 'paid Congolese officer who offered bribe to Virunga park ranger'The GuardianBritish oil company Soco International paid $42,000 (£27,000) to a Congolese military officer who allegedly tried to bribe opponents of its oil exploration in …