Shell and BP Plc jointly owned Sapref, South Africa’s largest oil refinery, and sold it for a symbolic 1 rand (five US cents) ...

VANCOUVER, BC, January 27, 2025 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of ...

Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to the ‘Business Africa‘ platform. In a report released on Tuesday, the platform ...

Non-profits and ocean stakeholders have applied for a judicial review of the environmental authorisations secured by TotalEnergies, for drilling in northern DWOB, and Africa Oil, for drilling in ...

Singapore shipbuilder Strategic Marine has commissioned three new offshore supply vessels for an unnamed national oil company in Southern Africa. The vessels will be used for passenger transfer to ...

Libya, despite enduring political instability, holds the largest oil reserves in Africa, with 48.36 billion barrels, ranking 9th globally according to Global Firepower. Known for its high-quality, low ...

Libya's National Oil Corporation (NOC) will focus on raising its output and transparency, new acting chairman Massoud Suleman ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

Unlocking seismic data could aid the search for fresh groundwater in Africa, where water scarcity affects two-thirds of the ...

International lenders have pledged an additional $8 billion to support a $48 billion World Bank and African Development Bank ...

Angola's average daily oil production hit 1.134 million barrels in the first three quarters of 2024, good for a 4% increase ...