Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
Lekoil has sacked its CEO Olalekan Akinyanmi with immediate effect, the company has said.
Vaalco Energy has a new CEO and a strategy that aims to place the company among its West Africa-focused peers on the London market.
Vaalco Energy has signed a deal for a new floating storage and offloading (FSO) unit at its Etame Marin field, replacing BW Offshore with Omni Offshore Terminals.
George Maxwell has been named as Vaalco Energy’s new CEO, replacing Cary Bounds.
Lekoil shareholders have backed Metallon Corp.’s proposed board, despite some concerns flagged by the Nigerian government.
Lekoil has accused minority shareholder Metallon of attempting to seize control of the Nigerian minnow, ahead of the EGM planned for January 8.
Lekoil has received a warning that unless it pays its bills at OPL 310 its stake may be sold off, while also facing shareholder demands for board change.
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million.
North-east company Eland Oil and Gas said tonight it aimed to raise about £10million from the sale of new shares.
Eland Oil and Gas has completed the perforation of two new intervals in the Opuama 3 well in Nigeria and increased production from the two strings.
Eland Oil and Gas said today it welcomed a transparent, level playing-field for foreign investment under a new political regime in Nigeria.