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Indian OVL Buys Stake Offshore Namibia
Indian ONGC Videsh (OVL), the overseas arm of state owned energy company ONGC, has entered the Namibian offshore by signing an agreement with Tullow to acquire 30% participating…
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Chariot Books 2016 Loss, But Advances Strategy
UK-based explorer Chariot Oil & Gas reported March 15 a net loss after tax of $5.64mn in 2016, only slightly down on its 2015 loss of $7.1mn, but said it built a solid…
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BW Offshore Farms into Namibia's Kudu
In a surprise move, Singapore-based BW Offshore, a leading floating production shipbuilder and operator, has agreed to farm into the Kudu gasfield offshore Namibia as its…
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UK Explorers Provide Morocco Updates
UK-based Chariot Oil & Gas and Sound Energy have provided updates on Moroccan exploration, with Chariot admitting it has still yet to secure approval for Eni to take over as…
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Namibia Whets Lundin Family's Interest
Amid global cuts in exploration spending, Toronto-listed Africa Energy Corp (AEC) has acquired a 10% interest in Namibian licence PEL 37, marking the firm's entry into the country&…
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Tullow Hesitates over Namibia Block
UK independent Tullow Oil has been granted one more week to decide whether or not it will pull out of the Namibian offshore PEL 0037 exploration licence, according…
