SDX Energy sees more acquisition opportunities in Egypt following its purchase of Circle Oil’s assets, as other companies look to reduce their exposure or pull out altogether. SDX, which listed on London’s AIM market in May 2016, plans to spud a...
Bowleven has urged its shareholders to oppose efforts by Monaco-based investor Crown Ocean Capital (COC) to take control of the company. COC, which has increased its stake to 15.56%, wants to replace the board and turn Bowleven into a holding...
There has been progress in the campaign against Boko Haram and President Muhammadu Buhari’s flagship fight against corruption. Higher oil prices will pump more cash into the economy, helping to ease extreme foreign exchange shortages that have...
The West African Development Bank (Boad) and Senelec have signed a CFA25bn ($40m) loan agreement for the partial funding of electric power distribution grid strengthening and redevelopment in the Dakar, Thiès, Kaolack, Fatick, Saint-Louis and...
Ahmed Nakkouch, founding head of Morocco’s biggest private developer and a former head of state utility Office National de l’Electricité, is retiring from Nareva. He will be replaced by 46-year-old Aymane Taud, a director of Nareva’s parent...
Keen to get back to exploration after a period of cost-cutting, Tullow Oil plans to acquire 3D seismic in June 2017 over the C3 and C10 blocks, where it has identified low-cost, high-impact prospects from existing seismic. “Just to sharpen up the...
Kenya will be able to announce the start of oil production in 2017 as President Uhuru Kenyatta seeks a second term in office in elections set for August. But while Kenyan politicians have picked on Tullow Oil’s planned early oil pilot scheme (...
Singapore’s Keppel Shipyard held a naming ceremony on 3 February for the John Agyekum Kufuor floating production, storage and offloading (FPSO) vessel for Eni’s Sankofa oil and gas development (AE 337/1). Keppel Shipyard will deliver the vessel...
Eco Atlantic Oil & Gas listed on London’s AIM market on 8 February, raising $5.09m to finance a planned 3D seismic campaign offshore Guyana, where the company has 40% in the Orinduik licence operated by Tullow Oil, close to ExxonMobil’s Liza...
UN-sponsored Radio Okapi reported on 5 February that the International Court of Arbitration of the Paris-based International Chamber of Commerce had declared that the government’s cancellation of an exploration agreement with the local Générale...
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