Restive shareholder exits FAR, following Bambo miss
Australian minnow FAR (ASX:FAR) is likely to be breathing a sigh of relief on the notice that Allan Gray is no longer a substantial holder, although there remain questions for the future.
E&P
United ends 2021 drilling campaign on a high
United Oil and Gas has made another commercial discovery on its Abu Sennan licence, in Egypt.
Sound beats deadline to seal LNG sales agreement
Sound Energy has hit all the targets it required to make its LNG gas sales agreement unconditional.
Signing new PSC unlocks Egypt investments for APA-Sinopec
The APA-Sinopec joint venture have reached a new production-sharing contract (PSC) in Egypt, which will see more drilling carried out – and more cash returned to the companies.
Lekoil directors squeak through in AGM vote
Lekoil shareholders have largely endorsed the current management plans, even while the company’s Nigerian subsidiary plans to make its move.
ADM Energy stands accused ahead of shareholder vote
Align Research has set out its objections to ADM Energy’s board, raising concerns about the three top officials and warning of a “bust” if they remain.
Genel reaches East African farm-out with Taiwan’s CPC
Genel Energy has signed a farm-out deal with OPIC Somaliland Corp. (OSC), backed by Taiwan’s CPC Corp. on a block in Somaliland.
PetroNor CEO arrested by Norwegian authorities
Norway’s Økokrim has visited PetroNor E&P offices to bring charges against “some individuals”.
Eni signs off on Berkine plan with Sonatrach
Eni has signed a new contract on the Berkine Basin with Sonatrach, while also setting out decarbonisation plans.
Stena Don spuds Morocco well for Chariot
Chariot has begun drilling a well offshore Morocco, on the Anchois gas field, with the Stena Don drilling rig.
Shareholder launches bid to topple ADM directors
AIM-listed ADM Energy is coming under sustained pressure from major shareholders as it fights to hold on to a contested oilfield in Nigeria.
Savannah doubles down in Chad, adds Petronas to Exxon deal
Savannah Energy has formalised its purchase plans in Chad, striking a $626 million deal with ExxonMobil and Petronas.
Vaalco kicks off Gabon drilling work with Borr rig
Vaalco Energy has got its drilling campaign offshore Gabon under way with a well on the Etame field.
Shell spuds Namibia well
Shell has spudded the Graff-1 exploration well, offshore Namibia, as TotalEnergies continues drilling on the nearby Venus prospect.
QatarEnergy enters Egypt’s Red Sea via Shell deal
QatarEnergy (QE) has struck a deal to enter Egypt’s upstream through a deal with Shell.
Chevron signs new Equatorial Guinea contract
Chevron has signed up to explore a block offshore Equatorial Guinea, previously held by South Africa’s PetroSA.
TotalEnergies closes Gabon sale to Perenco
TotalEnergies has closed the sale of its non-operated assets in Gabon to Perenco, following approval from the local authorities.
Algy Cluff lines up Zimbabwe farm-in option
Australian minnow Invictus Energy has struck a farm-in option, giving Cluff Energy Africa a potential 25% stake in the Cabora Bassa project.
Aiteo brings OML 29 well under control
Aiteo Group has managed to halt the leaking well on OML 29, which had seen the company come under fire from politicians and local communities.
Aiteo threatened with licence loss over ongoing Nembe spill
The Nigerian Senate has called for Aiteo to face penalties for its ongoing spill in OML 29.
Mpumalanga lightning slows Kinetiko drilling progress
Poor weather has imposed “substantial delays” to Kinetiko Energy’s drilling programme in South Africa, where it is working on a coal-bed methane (CBM) project.
Chevron extends Angola licence to 2050
Chevron’s local Angola unit has extended the Block 0 concession until 2050 and it will keep its full 39.2% stake.
FAR to side track Bambo well as costs rise
Drilling problems at Bambo-1, offshore The Gambia, will see costs rise by around $10 million, operator minnow FAR has warned.
Updated: Lekoil Nigeria bites back with takeover offer for London parent
Lekoil Nigeria has made an offer to acquire its London-listed parent company, following a major corporate falling out.
TotalEnergies starts up CLOV, following BP’s Platina
TotalEnergies has started up CLOV phase 2, offshore Angola, marking the second field to come onstream in a week.