The RMB revealed 13 wells with signs of oil beneath the lake, local news outlet IGIHE reports. RMB’s CEO, Francis Kamanzi, told parliament on January 15 that this discovery boosts hopes for ...

Rwanda said Wednesday it had made its first oil discovery, with confirmation of 13 reservoirs in Lake Kivu, which makes up part of its border with DR Congo. “The good news is that we have oil ...

The discovery of oil marks a major step forward in the African country's efforts to diversify its economy beyond agriculture and tourism.

Shell and its partners, QatarEnergy and Namibia's national oil company, first discovered hydrocarbon in block PEL39 in 2022, which together with another discovery TotalEnergies (TTEF.PA), opens ...

This follows a discovery made in 2022 by Shell ... The final investment decision (FID) is anticipated in 2026, with the first oil production expected by 2030. Despite drilling nine wells in ...