Proved and probable reserves jumped by almost 1,000% at the Lesedi and Mamba prospects
Showing 25 of 4876
The five-year senior secured revolving credit facility has been led by Key Bank and will carry an interest rate of Libor +2.5%-3.25%
“This is the model by which we can begin to change the environment,” said Powerhouse chief executive Keith Allaun
North Sea oil production growth has been the driver for EnQuest, thanks to the successful start-up of the Kraken field during 2017
"We are pleased to have reached this important stage in the environmental permitting process,” said Hugh Mackay, Europa chief executive
Shareholders in Plant Impact will receive 10.57p in cash for each ordinary share, representing a 79.9% premium to the closing price on Thursday
“I believe that the ENEO issue will be solved as VOG management has prioritised this matter and is focused on achieving a result in the shortest possible timeframe,” chief executive Ahmet Dik
Nick Lyth makes no bones about it, he wants to sell Altona to a specialist coal miner. A good drill campaign might achieve his aim.
Crude price movements are expected to provide the main steer for Tullow's share price
'Russia represents a major opportunity for the company'
A crucial test at the Dubai dry dock was completed ahead of schedule and the project remains in line schedule for first oil in 2019
The programme aims to 'firm up' future exploration well locations and could support a new farm-out effort.
At Welch, work in recent months has focused on workovers and production optimisation.
“We are delighted to announce a further significant increase in Opuama production from the successful completion and test of the Opuama-8 infill well,” said George Maxwell, Eland chief executive
As European rivals increase dividend pay-outs, Morgan Stanley is upbeat about Shell but is less so about BP which he has downgraded
A new gas generator also came on stream recently and has started to produce the first power from the project
"We are pleased to have secured a drilling rig for our upcoming drilling campaign in Egypt, which is set to commence in March,” said Paul Welch, SDX chief executive
Starting in March, the company is planning a three-well workover programme which will be followed by four new exploration wells.
"Sidi Moktar represents an exciting second leg to our Moroccan portfolio, following on from Sound Energy's success at Tendrara,” said James Parsons, Sound chief executive
Results were boosted by favourable foreign exchange rates, sales from its acquisition of Zyex and volumes for a large consumer electronics order
“Success at any one of these wells ... will likely be a step change in this new hydrocarbon province."
The first of three planned wells is due to kick off in July, meanwhile, the explorer is finding confidence in ongoing surveying operations in Eastern Morocco
Earlier today Tullow boasted of its “excellent progress” in 2017.
Touchstone shares advanced as a 10-well programme was launched in Trinidad
Since it announced its interims, a £400mln fixed-rate sterling bond with a coupon of 6% has matured and was refinanced in part with a £250mln five-year sterling bond with a coupon of 1.625%