Perenco swipes left on Etinde
Bowleven CEO Eli Chahin said the termination of the deal was “unfortunate as we believed it could have represented an opportunity to accelerate development progress at Etinde”.
New Age
Perenco strikes Etinde deal with New Age
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Bowleven warns of complexity, financial strain on path to Etinde
Bowleven has warned that the final investment decision (FID) for Etinde is expected in late 2022 but that it will need to raise financing.
New Age prepares to tee up Cameroon, Congolese projects
New Age (African Global Energy) expects to bring on its Etinde gas project, in Cameroon, and Marine III, off Congo Brazzaville, in 2024.
Etinde FID delayed once more
A final investment decision for the Etinde project in Cameroon has slipped once more, with Bowleven now tipping 2022.
Coronavirus derails Vantage’s rigs in Congo
Vantage Drilling has declared force majeure for two of its rigs, one of which as a result of a coronavirus outbreak.
TechnipFMC wins FEED work on Etinde
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
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.
Cluff appoints RGU graduate as chief financial officer
North Sea exploration firm Cluff Natural Resources has appointed a Robert Gordon University (RGU) graduate as chief financial officer (CFO).
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.
Liam Fox hails new £1.5 billion natural gas trade deal
International Trade Secretary Liam Fox has hailed a string of deals by UK companies with countries around the world, including a natural gas project worth more than £1.5 billion in Cameroon.
New Age splits top-order roles in reshuffle
New Age has separated the roles of chairman and chief executive in a top-order shake-up.
Well spudded on Kurdistan oil field controlled by New Age
Gas Plus Khalakan (GPK) said today it is making progress developing its assets in Kurdistan.
New Age secures $425million loan to fund exploration in Africa
New Age has secured a $425million loan to fund its exploration strategy in Africa and the Middle East.