Africa oil boom fades as $50 crude shuts door on high-cost deals

22 November 2015, News Wires – “On the brink of a boom,” was the banner on PricewaterhouseCoopers LLP’s review of Africa’s oil industry 16 months ago. Now, oil below $50 has made more than two out of three investment projects on the continent non-viable. “Capital markets are effectively closed to the oil and gas industry” in […] More »