Business

Gambia: A billion barrels of oil found offshore
Business

Gambia: A billion barrels of oil found offshore

Two offshore Gambia blocks have been assessed at a combined potential of 1.1bn barrels of oil, according to a statement released by FAR Limited. The Australian-based company has undertaken a comprehensive geotechnical evaluation of the blocks off the west coast of Africa, covering an area of 2,692 sq km, approximately […]

Gambia sued over oil dispute with African Petroleum
Business

Gambia sued over oil dispute with African Petroleum

African Petroleum Corporation has launched arbitration proceedings against Gambia over the government’s decision to strip it of its rights to explore for oil in two offshore areas. The company said in a statement that two wholly-owned subsidiaries had requested arbitration with the U.S.-based International Center for the Settlement of Investment […]