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Anadarko Petroleum Corporation has announced a deep water discovery in the Venus exploration well offshore Sierra Leone. The group announced on Wednesday that the Venus B-1 well was drilled to a total depth of approximately 18,500 feet of water and encountered more than 45 net feet of hydrocarbon pay.
The Nigerian government has said it has a well worked out plan to increase oil and gas business relationship with Brazil. This plan began August when Nigeria's President Musa Yar'dua led a Nigerian business delegation on an official visit to Brazil.
Marcio Zimmerman, Brazil’s executive secretary on Mines and Power said the agreement…
Regulators and players in the Nigerian capital markets hope recent actions against five banks will restore confidence in the market, reported Africancapitalmarketsnews.com.
The Securities and Exchange Commission (SEC) has indicated that investigations continue into securities trading firms, after the Central Bank of Nigeria (CBN) sacked the chief executives…
South Africa's world renowned petrochemicals company, Sasol, has kept capital expenditure high despite a 39 percent fall in full-year profits on the back of the poor global economy.
Sasol, respected worldwide for its technology that allows it to turn coal and natural gas into oil, has revised capex at R15-billion (¤1.4-billion) for the next two…