Oil

What is CBD? Well, CBD is quite a versatile product. It can be ingested, absorbed through the skin, or even taken under the tongue...

South Sudan said announced that it has made a small oil discovery in Northern Upper Nile State. This is the first time the country is...

An international conference to review developments in the petroleum downstream sector in the West African sub-region on Wednesday opened in Ghana’s capital Accra. The conference...

Oil Giant Tullow has revealed that it managed to rake in about $1.8 billion in terms of revenue last year slightly above the $1.72...

Oil Giant Tullow is to resume payment of dividend from next year after halting the payment in 2014. That’s the revelation from its Chief...

Ghana may begin hedging oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover. That’s what the Reuters news agency is gathering from Ghana's Ministry of Finance. Oil hedging is used to reduce or eliminate a country’s exposure to fluctuating oil prices.

One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.

South Sudan has removed fuel subsidies in a move many government officials attributed to scarcity of hard currencies, The Sudan Tribune reports. Media report suggest the move is a directive from the president's office. Report also suggests civil servants have gone for close to a year now without being paid because there is actually no money in the treasury. The Deputy Finance minister Mou Ambrose Thiik told the Reuters news agency in September that ending the fuel subsidies would free up desperately needed cash.

Chad's government on Tuesday denied allegations by US investigators that President Idriss Deby received a $2m bribe for oil rights in the country.

Uganda signed an oil exploration deal with Australia’s Armour Energy Limited on Thursday, the first under a protracted competitive licensing round launched in 2015.