Oil

Globally, Vitol trades over 5.5-million barrels of crude oil and products a day and its 2011 revenue was $297-billion. Vitol also has an exploration and production business which includes interests in Ghana, Cameroon, Kazakhstan, Russia and Azerbaijan.

These wells are projected to net Kosmos 100 million barrels of oil equivalent (boe). If we look outside of Kosmos’ Ghana plays, it has 10 more prospects in Cameroon. And this will likely net another 150 million boe. And finally, … Continue reading →

(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 …

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 →

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.

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 …

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, 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 →

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 →

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 …