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04.09.2014 US Shale Boom Could Hit Africa's Oil Producers

Foreigners have been pouring money into Africa. Last year, foreign direct investment in Sub-Saharan nations hit a near record US$43 billion, boosted by new oil and gas discoveries.

02.04.2014 Russian Rosneft's Siberian oilfield start delayed

Rosneft plans to start production at its Yurubcheno-Tokhomskoye oil field in eastern Siberia in 2017, the company said on April 1, another delay for a field key to Russia's efforts to at least keep oil production at current levels, Reuters has reported.