Savannah Energy advises that its ordinary shares remain suspended from trading on AIM pending publication of an AIM Admission Document setting out, inter alia, details of a proposed alternative transaction in respect of the ex-PETRONAS assets in South Sudan, should it be concluded, or confirmation is provided that a proposed alternative transaction is not proceeding. […]

Wildcat Petroleum has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation (Nilepet), the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad (PETRONAS), in the Republic of South Sudan. On 7 August 2024, […]

Wildcat has passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). This process included the evaluation of the Company’s technical competency as well as its financial capability to complete a major multi-million/billion dollar oil production purchase. This clearance is required from the MOP before Wildcat can undertake any petroleum deal […]

Zenith Energy, the listed international energy production and development company, has signed a Memorandum of Understanding (MoU) with Nile Services and Logistics Company Ltd (Nile SLC) in the Republic of South Sudan. The objective of the MoU is to formalise the shared interest of Nile SLC and Zenith to jointly pursue business opportunities involving the […]

Owing to the current political situation in Sudan, Wild Petroleum said it is unable at the present time to sign a Production Sharing Agreement (PSA) with the Sudanese government (OEPA). The Company therefore intends to sign a service agreement with the Sudanese government within the next few weeks with a view to increasing oil production […]

Orrön Energy AB has disclosed that the Prosecutor’s claim for forfeiture of economic benefits has been increased and now amounts to SEK 2,381,300,000. The Company, which strongly disputes both the methodology used by the Prosecutor and the amount of the claimed forfeiture, does not see any circumstances in which the claim for forfeiture could become payable as there is no legal basis for this claim and no grounds […]

Savannah has entered into a Share Purchase Agreement with PETRONAS International Corporation to acquire PETRONAS’ entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile Limited (PCNL), for a total cash consideration of up to US$1.25 billion, subject to certain completion adjustments. The Transaction Consideration is expected to be financed […]

South Sudan has started to operate its Bentiu’s oil refinery in Unity State, with a capacity to refine 10, 000 barrels per day (bpd), the deputy managing director of the firm that built the refinery said. Bentiu’s refinery is a joint venture by Russia’s Safinat and the state-owned Nile Petroleum Corporation (Nilepet). The refinery which was […]

South Sudan and Sudan have signed an agreement to increase oil production in South Sudan’s northern fields from 170,000 barrels per day (bpd) to 300,000 bpd within the next three years. Commencing from 2021, the agreement provides for enhanced bilateral relations by focusing on investment and production as a way to mitigate economic challenges being […]

South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet)  is on the verge of taken over the management of some oilfields in the country by 2027, when the operatorship contract of these oilfields  with China National Petroleum Corporation (CNPC) is expected to expire. Nilepet’s managing director Chol Deng Thon Abel told Bloomberg in a recent interview. CNPC […]