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 …