Lekoil loses its AIM, heads for new exchange
Conflicted Nigerian minnow Lekoil is dropping out of London’s AIM for good on May 18. It will shift to the Access segment of the AQSE Growth Market.
Conflicted Nigerian minnow Lekoil is dropping out of London’s AIM for good on May 18. It will shift to the Access segment of the AQSE Growth Market.
Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
A light aircraft chartered by Cameroon Oil Transportation Co. (Cotco) crashed in a forest close to Nsem, in Cameroon on May 11 with no survivors.
United Arab Emirates ruler Sheikh Khalifa bin Zayed Al Nahyan has died triggering 40 days of official mourning.
Havfram has won work to decommission subsea facilities at Chinguetti and Banda, offshore Mauritania, from Petronas.
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Shareholders at Genel Energy have rejected the election of three directors at today’s AGM.
Octopus Energy has struck a deal to invest in Xlinks, a project that aims to transport renewable energy from Morocco to the UK.
Maurel et Prom has secured a new bank loan under “very favourable terms” and is scaling up its dividend plans.
Shell has struck a deal to sell its retail and lubricants business in Russia to locally owned Lukoil.
The United Nations has begun securing funding commitments to tackle the dangers posed by the FSO Safer, offshore Yemen.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.
Big companies have big plans to cut emissions and often find it easier to sell assets. Buyers may not be quite so concerned about tackling emissions, though, a report from the Environmental Defense Fund (EDF) has found.
The African continent remains one of the most unexplored places on Earth for oil and gas deposits.
Venture Global LNG has signed up to provide ExxonMobil’s Asian unit with 2 million tonnes per year of LNG.
Lamprell has teased an upcoming contract for jack-up refurbishment in the Middle East without releasing many details.
Genel Energy has completed the Sarta-5 appraisal well but reservoirs appear tight and it failed to flow.
Apex International Energy has tested its Fajr-8 development well at 2,440 barrels per day of oil in Egypt’s Western Desert.
Nigeria’s local airlines narrowly avoided stopping operations this morning, following mounting concerns on the price of jet fuel.
Wildcat Petroleum has signed a reconnaissance permit covering 20 blocks offshore Sierra Leone, covering 24,000 square km.
Energean has made a commercial gas discovery offshore Israel at its Athena well, within tie-back range of its Karish-Tanin development.
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
The Middle East’s oil and gas has put the region at the heart of the energy sector the last 100 years. These resources, plus plentiful sunshine, will see it continue to play a major role into the energy transition – but there will be bumps along the way.
Eskom will work with the National Prosecuting Authority (NPA) in an attempt to tackle the state capture allegations and the continuing cable theft problem.