Oil and Gas in Africa: Boom or Doom?

Source: All Africa, Uche Nwadialor (8/23/12)

"Looking through the African continent, it is safe to say that the oil-producing countries are also the most prone to conflict."

All Africa, Uche Nwadialor

WHEN oil was first discovered in Oloibiri, Bayelsa State of Nigeria in 1956, there was jubilation not only in the then Eastern Region of Nigeria but all over the country.

That euphoria was predicated on the assumption that oil was wealth and that Nigeria's economy was launched on a prospective future and that both social and political development would in the next few years be ushered in.

Consequently, member countries of the Organisation of Petroleum Exporting Countries, OPEC, are today rated as some of those with high gross domestic products as a result of the multiplier effect of their enhanced national income, balance of trade, balance of payment and external reserve.

Looking through the African continent, it is safe to claim that the oil-producing countries on the continent are the most prone to conflict.

It is gratifying to state that a greater majority of the federating components of the Nigerian states are gradually benefiting, no matter how minimal, from the fallout of Nigeria's oil wealth. . .View Full Article

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.