Eco continues acquisition spree with South Africa deal
Eco Atlantic Oil & Gas has struck a deal to buy another 6.25% stake in a South African block, while also raising $12.3 million.
Eco Atlantic
Eco drops JHI deal over lock-up differences
Eco Atlantic Oil & Gas has dropped its plans to acquire JHI Associates, which has a 17.5% stake in a Guyana block.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Namibia’s next great hopes, beyond Venus and Graff
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
Eco Atlantic tops up Gazania drilling pot
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
Eco Atlantic strikes another deal, targeting Guyana’s JHI
Eco Atlantic Oil & Gas has struck another deal, agreeing to issue shares to buy its partner in Guyana, JHI Associates.
Eco completes Azinam purchase, eyes Q3 drilling
Eco Atlantic Oil & Gas has completed its acquisition of Azinam Group, setting the stage for drilling offshore South Africa late this year.
Island rig signs up to drill South Africa’s Gazania
Eco Atlantic Oil & Gas has signed a drilling contract for the Island Innovator semi-submersible to work on the upcoming Gazania-1 well.
Eco firms up Azinam deal amid Graff fervour
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.
Eco makes move on Azinam as first step to exploration independent
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
Exxon’s Sapote-1 well disappoints
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
Exxon spuds well on Guyana’s Canje Block
ExxonMobil has spudded the Sapote-1 well on Guyana’s offshore Canje Block.
Solar PV better option than oil, Eco Atlantic says
Namibia and Guyana-focused explorer Eco Atlantic has announced a move into renewables, in southern Europe.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Frontier sets the virtual stage for Africa E&P Summit
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Africa Oil takes Nigeria dividend
Africa Oil has received its first dividend from its recently acquired Nigerian assets and has directed the cash to pay down a loan.
Block offshore Guyana could hold 1billion barrels
Eco Atlantic Oil & Gas said today that the Orinduik block offshore Guyana could contain more than 1billion barrels of oil.
Eco Atlantic applies for Namibian drilling permit
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Total pens a deal with Eco Atlantic on the Orinduik Block
Subsidiary of oil giant agrees option to acquire a 25% working interest in the Guyana-Suriname basin with Eco Atlantic Inc. (Eco Guyana).
Tullow and Eco take on Guyana’s Orinduik prospect
Tullow and Eco Atlantic will develop the Orinduik block, offshore South America after agreeing a deal with the Guyanan government.