Tanzania player Aminex has agreed a funding facility with its largest shareholder, Eclipse Investments.  The main terms of the facility are: The facility is for $3 million, available for up to 24 months The first $1.5 million tranche is guaranteed, with the remaining tranche available at Eclipse’s discretion Any advances drawn down will be set-off […]

BW Energy has announced the execution of a sale and leaseback agreement with a Minsheng Financial Leasing Co entity (MSFL) for the MaBoMo production facility on the Dussafu License offshore Gabon. The agreement will provide $150 million of gross sales proceeds under a 10-year lease term with an option to repurchase the unit from the […]

Sintana Energy reports that Chevron’s Namibia subsidiary (CNEL) has entered an agreement which will see it enter Petroleum Exploration License 82 (PEL 82) with an 80% working interest and operatorship.  State firm NAMCOR and Custos Energy will each maintain a 10% carried interest in PEL 82.  Sintana maintains an indirect 49% interest in Custos. PEL […]