Etinde partners eye Victoria route to market
Partners in Cameroon’s Etinde project have signed a non-binding letter of intent (LoI) to supply gas to Victoria Oil & Gas, which is facing a tough time with some of its onshore operations.
Cameroon
Cameroon issues tender for seismic study provider
Cameroon’s state-owned Société Nationale des Hydrocarbures du Cameroun (SNH) has launched a tender for a feasibility study for a 3D seismic shoot, onshore in the Douala/Kribi-Campo Basin.
Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
Bowleven eyes the clock on Etinde
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
Crew members snatched off Benin and Togo
Four crew members have been kidnapped from a Greek oil tanker off Togo, following the seizing of nine sailors from a vessel carrying gypsum on November 2 off Benin.
Glencore ups production with Cameroon start
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Victoria Oil & Gas to raise up to £20m via placing
Victoria Oil & Gas today confirmed plans to raise up to £19.8million ($26million) via a share placing.
Victoria’s capital reduction proposals approved by court
Cameroon energy utility Victoria Oil and Gas said today that a court had approved its capital reduction proposals.
Mixed fortunes for Victoria Oil and Gas as write downs contribute to $31million net loss despite sales boost
Victoria Oil and Gas has reported mixed fortunes for 2016, with write down and provisions contributing to a net loss of $31.1 million for the year.
Bowleven farms out large chunk of Cameroon licence
Under-fire Bowleven said today that it had agreed to farm out a large stake in its onshore licence in Cameroon to another London-listed firm.
More support emerges for Bowleven in battle with activist investor
A third corporate governance services firm has backed Bowleven’s board members in their quest to keep control of the Scottish oil explorer.
Bowleven set for showdown with activist investor next month
Bosses at Scottish oil exploration firm Bowleven are set for a showdown with an activist investor at a general meeting next month.
Bowleven goes on the offensive against activist investor
Bosses at Bowleven went on the offensive today in their mission to keep control of the Scottish oil explorer.
Bowleven in ‘advanced discussions’ over Cameroon farm out
Under-fire Scottish oil explorer Bowleven said yesterday that it was making major progress with its Cameroonian licences.
Bowleven takes swipe at activist investor’s power play
Scottish oil explorer Bowleven yesterday accused an activist shareholder of mounting a “blatant attempt” to gain control of the business.
Bowleven defends non-exec directors against challenge from shareholder
Scottish oil explorer Bowleven is defending its three non-executive directors against a challenge from one of its stakeholders.
Bowleven agrees well locations offshore Cameroon, losses widen
Bowleven's boss said the Scottish oil explorer was making progress on developing its Cameroonian assets despite its losses widening by $40million in 2015/16.
Victoria spuds wells in Cameroon
Africa-focused firm Victoria Oil and Gas said today that drilling has started on two development wells in Cameroon.
Victoria Oil and Gas ramps up production 93% in first half
Africa-focused firm Victoria Oil and Gas enjoyed a 93% rise in daily production in the first half of 2016, while sales were up 50%.
Sterling Energy issues surrender notice from Ntem concession
Sterling Energy said its subsidiary has issued a notice of surrender in relation to the Ntem concession offshore Cameroon.
Cameroon project pays out for Victoria Oil & Gas
Victoria Oil and Gas has hit a major milestone in its onshore gas project in Cameroon, the UK-listed explorer said yesterday. The subsidiary of Victoria which owns a 60% stake in the Logbaba gas project has recouped the initial exploration costs it provided to get the ball rolling on the development. Subsidiary Gaz du Cameroun (GAC) had been receiving 100% of the revenues from Logbaba to cover the outlay on exploration, whilst contributing 60% to operating and capital costs.
Victoria Oil and Gas appoints new CEO
Natural gas producer Victoria Oil & Gas has appointed Ahmet Dik as its new chief executive.
Victoria Oil & Gas picks new chief exec to lead business
Victoria Oil & Gas has strengthened its leadership team with the appointment of a new group chief executive.
SDX Energy withdraws from Cameroon project
SDX Energy is withdrawing from the Bakassi West project, offshore Cameroon as it concentrates on its core assets.
Bowleven awarded one-year extension on Bomono
Bowleven has been awarded a one-year extension to the existing Bomono exploration licence, onshore Cameroon.