Savannah Energy increased revenues and adjusted EBITDA on higher volumes but is waiting a number of catalysts for change.
Benin plans to officially begin work on a crude oil export pipeline on May 20.
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
China National Petroleum Corp. (CNPC) signed a transportation convention with Niger on September 15.
Savannah Petroleum has signed a memorandum of understanding (MOU) with Niger relating to an early production scheme (EPS) in the Agadem Rift Basin
UK independent oil firm Savannah Petroleum is celebrating its third consecutive discovery in its maiden exploration campaign on a block in Niger.
UK oil and gas firm Savannah Petroleum has announced an oil discovery in the Agadem Rift Basin, south east Niger.
Africa-focused Savannah Petroleum said today that a last minute rig switch had boosted its onshore drilling campaign in Niger.
The Niger Delta Avengers have claimed responsibility for an attack on a Chevron oil pipeline.
A Nigerian militant group which claimed responsibility for a series of attacks on oil and gas facilities has said it has halted hostilities.
The Niger Delta avengers have claimed responsibility for a major attack on an Eni pipeline in Nigeria.
Savannah Petroleum has signed a framework seismic contract with BGP Niger for south east Niger licenses.
Savannah Petroleum has suspended its shares from the Alternative Investment Market.
Savannah Petroleum has signed a production sharing contract with the Niger government for the R3/R4 license area.
Savannah Petroleum has raised $36million after placing more than 61million shares at a value of 38 pence each. The Niger focused oil and gas firm said an estimated 17,136,000 of these placing shares will be subscribed directly within the company. The placing shares represent 47% of the company’s existing ordinary share capital and will be issued in two tranches.
Savannah Petroleum has revealed increased potential prospective oil resources in the company's Niger assets.