Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
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’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Victoria Oil & Gas today confirmed plans to raise up to £19.8million ($26million) via a share placing.
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.
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.
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 is defending its three non-executive directors against a challenge from one of its stakeholders.
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.
Africa-focused firm Victoria Oil and Gas said today that drilling has started on two development wells in Cameroon.
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 said its subsidiary has issued a notice of surrender in relation to the Ntem concession offshore Cameroon.
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.
Natural gas producer Victoria Oil & Gas has appointed Ahmet Dik as its new chief executive.
Victoria Oil & Gas has strengthened its leadership team with the appointment of a new group chief executive.
SDX Energy is withdrawing from the Bakassi West project, offshore Cameroon as it concentrates on its core assets.
Bowleven has been awarded a one-year extension to the existing Bomono exploration licence, onshore Cameroon.
Victoria Oil & Gas has secured a $26million debt facility to support its production expansion at Logbaba through 2016 and 2017.
The Cameroon government has approved Victoria Oil & Gas taking the controlling interest in the Matanda production sharing contract.
Scottish oil company Bowleven said it remains in a strong position despite recording a $132million loss in the second half of 2015.