Oil woes hit Seplat, while gas holds up
Lower oil prices cut into Seplat Petroleum’s revenues for the first nine months of the year, to $388 million down from $494.9mn for the same period of 2019.
Eland Oil and Gas
Valve station explosion kills seven in Niger Delta
An explosion at a valve station has killed seven people in Nigeria’s OML 40.
Seplat touts resilience, shift to gas
Seplat Petroleum’s revenue fell 6.5% in 2019 while cash flow from operations fell 32.7%, but the company was keen to highlight its resilience to the current macroeconomic shock.
Eland sale puts Westhill base on thin ice
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
Seplat makes Eland £380 million offer
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million.
As Gbetiokun flows, Eland lines up exploration
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
Eland Oil and Gas hails first production from Nigerian field
Aberdeenshire-headquartered Eland Oil and Gas has hailed first production from one of its key projects in West Africa.
Eland look to double production once again in 2019
Strong financial results have caused Aberdeenshire-based Eland Oil and Gas to look at doubling production once again in 2019 after doing it last year.
‘Transformational year’ as Eland Oil and Gas celebrates maiden profit
Aberdeenshire-based Eland Oil and Gas described 2018 as a "transformational year" as the firm achieved first profit.
Eland targets production start-up of Nigerian well
Aberdeenshire-based Eland Oil and Gas has announced it will complete the Gbetiokun-3 appraisal well in January ahead of the start-up of an early production system.
Eland announces £3m share buyback programme
Aberdeenshire-based Eland Oil and Gas has announced a £3 million share buyback programme.
Eland jumps to profit in ‘most important financial period in its history’
Aberdeenshire-based Eland Oil and Gas has hailed “the most important financial period in its history” as it jumped to a £27.6million profit.
Westhill’s Eland hails 2017 as ‘most successful year’
A Scottish oil exploration firm has hailed 2017 as “the most successful year in its history”.
Eland frees up more cash for Opuama wells
Africa-focused producer Eland Oil and Gas said today that the initial borrowing base for its lending facility has been raised to $70million from $40million.
Eland cranks up output from Nigerian field with new well
Eland Oil and Gas said today that its Opuama-8 well has been drilled in Nigeria.
Output from Eland’s Nigerian licence reaches 40 year high
West-Africa-focused Eland Oil and Gas said today that production from one of its Nigerian licences had reached its highest level since 1977.
Eland raises £15.2m to speed up drilling
Eland Oil and Gas said last night it had raised £15.2million from a sale of new shares in the north-east company.
Eland boosted by oil recovery mark-up on Nigeria asset
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
Eland secures $24million borrowing base for Nigeria projects
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Eland sets out work programme to raise production in Nigeria
West-Africa-focused Eland Oil and Gas said today that it had pumped 330,000 barrels of oil from its Opuama-3 well since resuming production in January.
Eland seeks alternative to pipeline exports amid Nigerian militant attacks
West-Africa-focused Eland Oil and Gas said today it would speed up plans to reduce its use of pipelines for its Nigerian crude exports.
Eland “evaluating portfolio” amid Nigeria pipeline attacks
Eland Oil and Gas, an Aberdeen-based firm which focuses on West Africa, said today it was “evaluating its portfolio” due to disruption to one of its main fields.
Eland announces £10m fundraiser
North-east company Eland Oil and Gas said tonight it aimed to raise about £10million from the sale of new shares.
Eland increases reserves estimates as it progresses Nigerian assets
The boss of Aberdeen's Eland Oil and Gas said the company is keen to accelerate the first phase of development of its Gbetiokum field in Nigeria, and is aiming for production by the end of 2016.
Eland’s well results exceed expectations in Nigeria
Eland Oil and Gas has completed the perforation of two new intervals in the Opuama 3 well in Nigeria and increased production from the two strings.