Shell posts double second-quarter profits

Royal Dutch Shell Plc, Europe’s largest oil company by market value, has revealed second-quarter current cost of supply net income of $4,53bn, a jump of 94% linked to a strong operating environment and speedy restructuring.

Related story: Total acquires Chevron’s 45.9 per cent interest in JDZ

We can build United States of Africa, Gaddafi says

The dream of a United States of Africa, which Libyan leader Muammar Gaddafi has been promoting seems to be alive still, even if only in the chief propagator’s mind. Gaddafi said on Tuesday that this week's African Union summit was another step towards that objective.

Centamin Egypt fourth quarter output lower than expected

Gold production by Centamin Egypt Ltd fell below the 30,236 expected in quarter to end June, but Centamin said production of estimated 200,000 ounces in 2010 would not be affected.

Tullow Oil discovers another oil field in Ghana

The quest of Ghana to become a reputable oil exporter was giving a boast as Tullow Oil, Europe's largest independent oil explorer by market value, announced the discovery of oil in its deepwater Tano licence off the coast of Ghana.

Other Headlines

Nigeria: Rescued banks - Shareholders, Central Bank disagree

Burundi gets $10m IMF loan

15, 000 to be displaced as Huge DR Congo gold mine sets to open

African Aura considers split

Oil and Gas: Nigerian Government moves to stop petroleum workers strike

Investment: Rwanda prepares for a brighter future

Development: Angola set to pay $6,8bn owed to foreign firms

Mining: Zimbabwe to resume limited diamond exports

Oil: Total acquires Chevron’s 45.9 per cent interest in JDZ