Africa is becoming the top choice for North American oil companies looking to diversify, and the East African Rift is the hottest of the hot. Here, Alberta Oil Sands discusses how to get in elephant-sized plays in the East African Rift among other topics.
Until recently Tunisia was considered to be a minor league and relatively underexplored venue in Africa’s rapidly expanding oil & gas scene. This situation has quickly changed with new bid rounds and forced relinquishments creating an opportunity for new companies to come in.
U.S. stocks were little changed, after a two-day decline in the Standard & Poor’s 500 Index, as China eased restrictions on investing in banks and investors watched developments on budget negotiations in Washington.
This might be the year that the world fully realizes the significant contribution North America has made to the overall global oil supply, especially after the IEA claimed that the US would surpass Saudi Arabia as the largest oil producer around 2020.