• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 49 mins Oil prices going down
  • 4 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 1 day Trump Hits China With Tariffs On $50 Billion Of Goods
  • 4 hours Another WTH? Example of Cheap Renewables
  • 2 days Bullish and bearish outlook for oil
  • 2 days Rolls Royce shedding 4,600 jobs
  • 3 days After Trump-KJU, Trump-Putin Summit
  • 59 mins What If Canada Had Wind and Not Oilsands?
  • 1 day When will oil demand start declining due to EVs?
  • 1 day Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 4 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 3 hours The Permian Mystery
  • 8 hours China & India in talks to form anti-OPEC
  • 22 hours Gazprom Exports to EU Hit Record
  • 2 days Epic Fail as Solar Crashes and Wind Refuses to Blow
Alt Text

Venezuela Won’t Have Enough Oil To Export By 2019

GlobalData recently projected that Venezuela’s…

Alt Text

The Oil Giant That Saw Its Cash Reserves Plunge 90%

India’s top oil exporter has…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Zambia: Sitting on the Next Lake Albert?

Zambia has no proven oil reserves as of yet, but we’re looking here because there is massive exploration interest with the potential tie-in to hot Angola and geological similarities with Lake Albert--and we believe the next major find in Africa could be in Zambia. So we’re looking at who is buying up the acreage here, where we are with drilling and who is best positioned to capitalize on this once that big find puts Zambia on the emerging oil map with its neighbors.

In late 2006, Zambia detected its first oil deposits in the mineral-rich North-Western province, close to Angola. In 2008, it also confirmed the presence of oil in two other areas; in the west—again close to Angola—and in the east.

The Zambian government is growing impatient with its explorers, in February threatening them to use it or lose, as the country eyes significant finds for its neighbors in the region. Minister of Mines Yamfwa Mukanga said licenses would be revoked if companies failed to report exploration results soon. His take on the potential is that “God cannot be unfair”: The Democratic Republic of Congo (DRC) and Angola have struck oil; Tanzania and Mozambique have massive natural gas reserves; Zambia—Africa’s top copper producer--is right in the middle of this hydrocarbon bonanza.

The Geological Snapshot of the Zambian Rift

The Zambian Rift encompasses includes Lake Tanganyika, which covers 8 separate rift basins within the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News