Simba Energy Inc. (CVE:SMB), is an oil and gas exploration company based in Vancouver, Canada. The Company is the first junior resource company to pursue onshore oil and gas opportunities in the West African region since the 1970’s.
Thursday, December 30, 2010
Africa Oil Corp. (CVE:AOI) reports that 99.5% of the Company's share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010.
Continue reading "Africa Oil: Accelerated Warrant Exercise Completed"
Thursday, December 16, 2010
The West African offshore oil and gas industry has a history of exploration of more than 50 years, with international majors and smaller firms having held, and relinquished, licences all along the coast since the British discovered oil in the Niger Delta in the late 1950s.
Continue reading "Oil Exploration in West Africa"
Wednesday, December 8, 2010
Reuters Africa reports that OPEC appears unlikely to raise oil supply limits to cap an oil price rally when it meets in Quito on Saturday.
Continue reading "OPEC will not lift output to cap oil price rise"
Thursday, July 30, 2009
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Continue reading "Asia Imports of West Africa Crude to hit 3-year High"
Sunday, July 19, 2009
A fresh force majeure and an overhang of August cargoes kept Nigerian crude oil differentials under pressure on Friday. For full story, click here
Continue reading "W. Africa Crude Nigerian Production Problems Persisted"
Thursday, June 25, 2009
Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing. For full story, click here
Continue reading "Sinopec has sought Capacity, Reserves with Addax Bid"
Wednesday, June 24, 2009
China Petrochemical Corp., the country’s second-biggest oil company, agreed to purchase Swiss explorer Addax Petroleum for $7.3 billion in cash to tap oil reserves in Iraq’s Kurdish region and Africa. For full story, click here
Continue reading "Sinopec Group has agreed to purchase Addax for $7.3 bln"
Tuesday, March 24, 2009
Nigeria, Africa’s biggest oil producer, will post a wider budget deficit of 3.02 percent of gross domestic product this year as revenue from crude exports dips. Finance Minister Mansur Muhtar stated: The projected deficit is higher than what it has been in recent years. For full story, click here
Continue reading "Nigerian budget deficit will widen on lower oil revenue"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Tuesday, February 22, 2011