Oil prices are on track for the first weekly gain in a month today with both WTI and Brent crude prices up on Friday. U.S. Department of Energy numbers this week showed another …
Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of …
OPEC supply rose to 31.04 MMBOPD in April, the highest in more than two years, according to a Reuters survey. The increase puts the cartel’s production even further above demand …
ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of …
Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy (ticker: CAK), first said 2015 will be the company’s most profitable year in history in its Q1’14 conference call. Since then, interest around the industry is building in anticipation …
Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further …
CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, …
According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013.
The survey comes despite the fact that Saudi Arabia, the world’s largest …
Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones …
CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …
CAMAC Energy Inc (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …
