Oil & Energy

Victoria Oil & Gas plc : Commencement of Continuous Gas and Condensate Production – Operations at Logbaba – 4-traders (press release)

The first units are expected to come on line in mid Q4 2012. This will be a major development for Cameroon, making clean and reliable power available to industrial users. Victoria Oil & Gas Plc is an independent oil and … Continue reading

Italian oil major Eni blames ‘sabotage’ for oil spill in Nigeria’s southern delta – Worldnews.com

The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east … Ethnic violence over the oil producing Niger Delta region and inadequate infrastructures are some … Continue reading

COMPANY SNAPSHOT: Ithaca Energy, Victoria Oil & Gas, JJB Sports, Archipelago Resources, EMED Mining, Beacon Hill Resources, Telit, Forbidden Tech – proactiveinvestors.co.uk

The company noted that its subsidiary Rodeo Development (RDL) has become the first gas producer in Cameroon to supply the industrial market. Sector peer Silvermere Energy (LON:SLME) updated investors on the tie-in of the I-1 well in its Mustang Island … Continue reading

African Markets – Factors to watch on July 9 – Reuters

UGANDA POWER FIRM LISTING Uganda’s sole power distributor Umeme … a further embarrassment for the U.N.-backed army after the insurgents took a mineral transit town. CAMEROON MINING More than three years on and a $4.3 billion project to build …

Victoria Oil & Gas announces continuous production operations at Logbaba – Oilvoice.com

The first units are expected to come on line in mid Q4 2012. This will be a major development for Cameroon, making clean and reliable power available to industrial users. Further updates on existing customer volumes will be provided in … Continue reading

3 Shares Set to Beat the FTSE Today – Motley Fool

Victoria Oil & Gas gained some respite this morning as its shares popped 3.6% to 2.9 pence after a positive update from the firm’s Logbaba operation in Cameroon. Gas and condensate production has commenced, with a start-up production of 700,000 … Continue reading

Oil & Gas Sector: GeoPark shares rise after Colombian update – stockmarketwire.com

has announced the start of continuous production operations at its 95%-owned and operated Logbaba gas and condensate project onshore Cameroon managed by its wholly owned subsidiary Rodeo Development Limited, (RDL). The Company’s first three customers are …

Cross River, Akwa Ibom and the illegal NBC Map – Vanguard

THE simmering dispute between Cross River and Akwa Ibom states over oil wells has become even more Interesting with a fraudulent map being circulated by the National Boundary Commission (NBC). This map in effect cedes to Cameroon and other nations … Continue reading

Atwood Oceanics Announces Contract for the Atwood Aurora – MSN Money

HOUSTON, July 9, 2012 /PRNewswire/ — ATWOOD OCEANICS, INC., announced today that one of its subsidiaries has been awarded a drilling services contract by GLENCORE EXPLORATION CAMEROON LTD for the jack-up rig Atwood Aurora.  The contractfor …

Atwood Oceanics Announces Contract for the Atwood Aurora – CNBC

The contract for three wells with a minimum total duration of 200 days will be performed in Cameroon at a dayrate of approximately … and completion of exploratory and developmental oil and gas wells. The company currently owns 11 mobile … Continue reading