Africa-focused oil and gas company BowLeven said Friday that it had noted the recent movement in its share price and confirmed that it is unaware of any particular reason for the sudden increase.BowLeven's share price had reached 2.33 British Pence a share…
Teodoro Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea, and Paul Biya, President of the Republic of Cameroon, have signed a bilateral treaty to see the two West African countries cooperate on cross-border oil and gas development and monetization…
Perenco has moved a step closer to acquiring New Age's interests in the Etinde permit offshore Cameroon, and operatorship of the Etinde JV, after New Age's partners Bowleven and Lukoil chose not to exercise their pre-emption rights.The proposed deal was first announced on June 7…
Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven…
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…
Africa-focused oil and gas exploration company Bowleven, working to bring online the Etinde gas condensate field, off Cameroon, has appointed Jack Arnoff as Non-Executive Chairman with immediate effect. Arnoff is currently a Non-Executive Director of Bowleven…
Oilfield services giant TechnipFMC has won a front end engineering design (FEED) contract for the development of the offshore IM gas condensate field at Etinde, Cameroon. The Etinde Permit (former Block 7) lies in shallow water in the Rio del Rey Basin…
Africa-focused oil and gas explorer Bowleven Plc has vowed to soldier on with its planned monetization of the offshore Etinde field in Cameroon despite the company posting further losses in the last financial year.Bowleven said last week it…
New Age, the operator of the Etinde gas and condensate field offshore Cameroon, has signed a letter of intent with Victoria Oil & Gas for the supply of gas from the field.According to Bowleven, a partner in the Etinde field, the letter of intent…
Privately held oil and gas exploration and production company New Age (African Global Energy) Limited has announced the completion of the US$800 million sale of its 25% non-operated interest in the offshore Marine XII permit in Congo (Brazzaville) to LUKOIL Upstream Congo SAU…
London-based, independent oil and gas company Tower Resources Plc has sighed with relief after the repayment of its $750,000 short term loan facility was extended to August 31 this year to enable the company finalize arrangements for the drilling…
UK-based Tower Resources has announced it has contracted US offshore driller Vantage Drilling International to provide drilling operations at the NJOM-3 well offshore Cameroon. The well is located in Tower’s 100%-owned Thali licence.The Topaz Driller is a Baker Marine Pacific Class 375 jack-up…
New Age is continuing the evaluation of development options, including scope for early-stage development plans for the Etinde concession, offshore Cameroon, according to partner Bowleven. Image of the Etinde area…
Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution. The project, operated by New Age, and which is taking much longer than planned to develop…
UK-based, Africa-focused explorer Bowleven completed its Etinde farm-out deal, netting an initial US$165 million cash. The deal comprised the sale of 30% and 10% interests in the Etinde Permit, offshore Cameroon, to Russian international independent LUKOIL and African explorer NewAge…
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