UK North Sea-focused oil and gas company IOG said Monday that the production start-up from its Blythe and Elgood gas fields in the Southern North Sea would be delayed as the stormy weather had affected the works on the reception facilities at the Bacton Terminal…
Africa-focused oil and gas firm Tower Resources has said it has raised £1.5 million (~$2 million) via a placing and subscription of 576,923,077 new ordinary shares of 0.001p each at a price of 0.26 pence per placing share, a discount of 29% to the closing share price on January 13…
Oil major Chevron and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Thursday.The agreement grants Chevron 80% ownership over block EG-09…
French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco.'After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement…
Japan-based oil and gas firm Inpex has said it has sold its stake in an offshore block in D. R. Congo, from which it produced oil since 1975. An expected significant decline in production is the reason for the sale, Inpex said.Inpex has sold its shares in Teikoku Oil (D…
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project…
Africa-focused oil and gas firm Tower Resources has said that the documentation for its proposed farm-out of a share in the Thali offshore block in Cameroon has been finalized and submitted to the country's authorities for approval.As reported in August…
Cameroon Oil Transportation Company (COTCO) has awarded Maersk Supply Service a mooring system maintenance project contract for a Floating Storage and Offloading unit offshore Cameroon.The contract is for the second phase of the mooring maintenance…
Africa-focused oil and gas firm Tower Resources has signed an agreement to farm out some of its stake in the Thali block offshore Cameroon to Beluga Energy Limited.Under the binding Heads of Agreement, Beluga will take a 49% non-operating working interest in Thali Production Sharing Contract…
Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG. The Hilli Episeyo FLNG…
Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…
Africa-focused oil firm Tower Resources has received an extension of the first exploration period at its Thali license offshore Cameroon.It said Wednesday that the Government of the Republic of Cameroon had notified its subsidiary in Cameroon…
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…
Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8% interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…
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