Tullow signs for Lokichar

Tullow Oil has formally signed a production licence for its South Lokichar oilfields in northern Kenya, the first step to producing 2000 to 4000 barrels per day of oil via an early production system.

Energean deal

Energean Oil & Gas has signed exploration and production concession contracts covering offshore blocks 4219-26 and 4218-30 off Montenegro.

Bowleven lose Hart after vote

Kevin Hart has been forced to quit as chief executive of London-listed Bowleven along with four other key executives, after shareholders voted in favour of resolutions proposed by Crown Ocean Capital, a British Virgin Islands-registered investor that owns at least 22% of the company’s stock.

Deal for OCTP is criticised

A Ghanian energy watchdog has slammed fiscal terms applied to last week’s financing deal between state-owned Ghana National Petroleum Corporation (GNPC), Italy’s Eni and downstream player Vitol to develop the $7 billion Sankofa-Gye Nyame fields in the Offshore Cape Three Points (OCTP) block, writes Barry Morgan.