Oil & Energy

Bowleven raises oil resources estimate for offshore – Reuters

(Reuters) – West Africa-focused Bowleven raised its oil resources estimate for its blocks off Cameroon and reported a narrower first-half loss. Barclays Capital analyst Alessandro Pozzi raised his price target on the company to 215 pence from …

STOCKS NEWS EUROPE-UK small caps up 0.1 percent early on – Reuters UK

Bowleven jumps 14.5 percent as the West Africa-focused oil & gas explorer says two of its exploration wells in the Douala Basin in Cameroon encountered oil, as it reports a narrowing in first-half losses. Anite gains 9.8 percent as the … Continue reading

Sapele upgrade sends BowLeven soaring – Interactive Investor

Operationally, the West Africa-focused oil and gas exploration group confirmed that Sapele-2 and Sapele-3, the company’s fourth and fifth successful wells in the Douala Basin in Cameroon, encountered “significant” hydrocarbon intervals at multiple levels.

UPDATE 1-Bowleven finds oil in Cameroon, posts smaller H1 loss – Reuters

March 26 (Reuters) – Bowleven said two of its exploration wells in the Douala Basin in Cameroon encountered oil, and the West Africa-focused oil firm reported a narrower first-half loss. Bowleven, which has been in the news lately after …

Shares soar in oil and gas explorers Tullow Oil, Ophir Energy and Bowleven soar on African updates – Daily Telegraph

The oil found in Kenya was a similar “light waxy crude” to that … News from the other side of the continent lifted Aim-listed explorer Bowleven, which is focused on Cameroon. Its shares spiked up 19.55pc to 105½p after posting … Continue reading

Bowleven bullish on funding $900m project – Financial Times

Bowleven, the Cameroon-focused oil explorer that was subject to an abandoned approach by Dragon Oil, insisted it can go it alone in funding an oil and gas project costing more than $900m after its interim losses narrowed. Kevin Hart, chief … Continue reading

Smaller losses for oil explorer Bowleven – BBC News

Edinburgh-based oil company Bowleven has reduced losses over the past six months and found oil in two of its exploration wells in Cameroon. Bowleven said it was fully funded for its two exploration sites in Cameroon. The company, which specialises … Continue reading

Cameroon, West Africa’s Latest Oil Battleground – TheStreet.com

Sometimes it’s the obscure items about news reports that catch one’s eye. On 17 March a senior official of the Cameroon’s state-run National Hydrocarbons Corporation (SNH) told China’s Xinhua news agency the private Anglo-French oil and …

FIFA extends research into cardiac arrest cases – YAHOO!

Dvorak said the study of 230 healthy players in Gabon was needed because most data from ECG testing, which looks for electric faults of the heart … who collapsed while playing for Cameroon against Colombia in a Confederations Cup match … Continue reading

Local Content: Boosting Caverton Helicopters with $85m Facility – THISDAY Live

Caverton Helicopters is a leading provider of aviation services to the oil and gas sector in Nigeria. It recently expanded its operational reach beyond the country when it commences a five-year contract with the Cameroon Oil Transportation Company (COTCO).