African Oil Trends

Liberia may have oil resources of over a billion barrels, with the first well expected to be drilled next year, a senior national oil company official said on Tuesday.

All African economies bar South Africa will grow this year because of China's demand for their raw materials, a leading South African analyst said on Monday.

IHS Energy, an oil and gas consulting firm, cal-culates that Africa will supply 30 percent of the world's growth in hydrocarbon production by 2010. West Africa's low-sulfur oil is highly desir-able...

CHINA'S plans to buy into oilfields in Africa may suffer a third setback in as many months if Exxon Mobil succeeds in snapping up drilling rights in Ghana, one of the continent's newest oil nations.

With the confluence of "peak oil", scarce metals, and constrained food, the best endowed of these regions will see a steady climb in their terms of trade

In a bid to stimulate the debate on Uganda's newly discovered oil and the sharing of the oil wealth, Business Vision runs a series of articles by Professor Kasozi, the director of the National Coun...

The energy giant Exxon Mobil has agreed to pay about $4 billion for a minority stake in an oil field off the coast of Ghana, a region that has emerged as a major new petroleum province

Chinese investors are looking toward Africa for natural resources deals.

Anadarko Petroleum Corp.'s (APC) Chief Executive said Thursday the independent oil and gas producer is very optimistic about the potential of its new oil discovery off the coast of Sierra Leone and...

Despite falling exports and increasing competition from China, Africa continues to see U.S. as a key trading partner.

Africa’s success in avoiding the worst of the economic crisis that has swept the industrialized world has been due in large part to the remarkable growth of trade and investment with China, India, ...

A surge in Chinese buying of Angolan crude oil will keep Asian demand for West African oil near its highest level for two-and-a-half years in September, a Reuters survey showed on Thursday.

A surge in Chinese buying of Angolan crude oil will keep Asian demand for West African oil near its highest level for two-and-a-half years in September, a Reuters survey showed on Thursday.

We ignore Africa at our peril.
In vital resources -- oil, copper, diamonds, gold, timber and more -- the continent is rich beyond imagination.

Following up on President Barack Obama's Africa trip in July, Secretary of State Hillary Clinton returned for a seven-nation tour. The trip was touted as the solidification of Mr. Obama's “Partner ...

U.S. Secretary of State Hillary Clinton, midway through her swing across Africa, on Monday met with Angola's President José Eduardo dos Santos, who has ruled the oil-rich country for the past three...

Secretary of State Hillary Clinton talks with President Ellen Johnson Sirleaf of Liberia (L) after visiting the Liberian police training camp near Monrovia on August 13, 2009.

Africa: Continent Needs To 'Play Smart' in Trade With Asia

A presidential visit followed by U.S. Secretary of State Hillary Clinton's African tour cannot conceal a stark reality: China has overtaken the United States as Africa's top trading partner.

"China has been aggressively offering infrastructure aid in exchange for oil in Africa and the White House clearly wants to offset that Chinese game plan with one of its own. "

U.S. Secretary of State Hillary Clinton's trip beginning today through August 11th in Africa is part of an Obama White House energy resources strategy to offset China's growing economic clout on th...

The battle between China and the United States over Africa's oil and gas resources is becoming more and more intense," said Patrick Morris, President and CEO of Gold Star Resources Corp. The compa...

The International Finance Corporation expects closer future cooperation with China to provide funding in Africa's growing oil and gas sector, a senior investment official said on Wednesday. The wor...

In 2008, U.S. imports under the African Growth and Opportunity Act (AGOA) were $66.3 billion, 29.8 percent more than in 2007...

frican oil trends and news is the focus of a new website sponsored by Gold Star Resources Corp. (TSX-V; GXX; OTC Bulletin Board: GXXFF; http://www.goldstarresources.com), a Canadian oil company inv...

AMONG Westerners, the economic partnership between China and Africa is often overlooked.

U.S. President Barack Obama's landmark visit to the West African state of Ghana on June 10-11, his first trip as president to the continent of his ancestors, held a special resonance for Big Oil an...

President Barack Obama of the US left Ghana on the evening of Saturday July 11, 2009, after his historic and momentous visit to Ghana, but the euphoria that followed and the impact of the visit is ...

Barack Obama's visit to Ghana is, most fundamentally, about West African oil and natural gas, and control of the corridors for transporting it through the Gulf of Guinea, on the West African Coast....

There are few better records of the shifting fortunes of Liberia than the guest register at the Mamba Point Hotel.

American President Barack Obama is due in Africa this July. He will visit Ghana from July 10-11. In this piece, Asare Otchere-Darko* argues that although the visit offers Obama the chance to extol ...

The annual report of the Africa Progress Report says that despite authoritarian and corrupt leaders, wars and coups, the overall trend in Africa is towards less conflict, more democracy and greater...

West Africa now offers "unparalleled opportunities" for major and independent oil and gas companies, writes Patrick Morris, CEO of Vancouver-based Gold Star Resources Corp. in the June 10th issue o...

Erin Burnett interviews Dambisa Moyo, author "Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa."