Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
West-Africa-focused Savannah Petroleum has appointed former BP manager David Clarkson as its chief operating officer.
Morocco-focused gas firm Sound Energy has hired Bowleven's former chief operating officer as a non-executive director.
The drilling of two appraisal wells will start soon on the Etinde field in Cameroon, a project partner said today.
Africa-focused oil firm Bowleven has posted its first set of first half-year figures since flitting from Scotland to London.
Scottish oil and gas explorer Bowleven said today that a rig has been contracted for the Etinde field in Cameroon.
One of Bowleven's management team has left his position at the Edinburgh-based oil firm.
Bowleven has appointed an acting chief executive to fill the boots of Kevin Hart, a former Ellon academy pupil who left the firm after a boardroom revolt last month.
Bowleven’s under-fire chairman has resigned as a director of the troubled Scottish oil and gas explorer.
Bowleven’s former boss confirmed yesterday that he was no longer involved with the turmoil-hit Scottish oil explorer following his ousting earlier this month.
Boardroom turmoil at troubled Scottish oil explorer Bowleven took a new twist last night, when the company launched a “strategic review of all options”.
The activist investor behind this week’s boardroom coup at Bowleven has called for another vote to get rid of the Edinburgh-based firm’s chairman.
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, were ousted in a shareholder revolt yesterday.
Five directors at Scottish oil explorer Bowleven, including chief executive Kevin Hart, have been ousted in a shareholder revolt.
The Aberdeenshire-educated boss of Scottish oil explorer Bowleven is on the brink of quitting after realising it is “game over” for the firm’s board in its power struggle with an activist investor, a report said yesterday.
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.
A third corporate governance services firm has backed Bowleven’s board members in their quest to keep control of the Scottish oil explorer.
An activist investor’s picks for the boardroom at Bowleven have waded into an increasingly public row between the two sides.
Scottish oil explorer Bowleven today hit out at claims made in an open letter by an activist investor.
Bosses at Bowleven said yesterday that they could rely on institutional shareholders as they prepare to face down an 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.
Bosses at Bowleven went on the offensive today in their mission to keep control of the Scottish oil explorer.
Under-fire Scottish oil explorer Bowleven said yesterday that it was making major progress with its Cameroonian licences.
Scottish oil explorer Bowleven yesterday accused an activist shareholder of mounting a “blatant attempt” to gain control of the business.
Scottish oil explorer Bowleven said today that one of its board members would leave the company following a mutual agreement.