Search results for: erin energy

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  • 29 June 2015

    Northern Offshore, Ltd. today announced a development in its contract dispute with Erin Energy Corporation (formerly CAMAC Energy Inc.) related to the contract for the drillship the Energy Searcher. Namely, the parties have reached an agreement with respect to the contract dispute settling all disputes and claims between them. To remind, Northern Offshore’s drillship was under contract […]

  • 7 July 2015
    Project & Tenders

    Erin Energy Corporation, until recently known by the name of Camac Energy, is looking at the imminent first oil lifting of oil from the Armada Perdana FPSO at the Oyo oil field in Nigeria. In an operational update issued today, the company has informed that its current average production from the Oyo field, offshore Nigeria, is […]

  • 15 March 2018

    Oil and gas company Erin Energy has responded to recent media reports regarding its Oyo field operations, calling the articles inaccurate.

  • 14 September 2015
    Business & Finance, Operations & Maintenance

    Polarcus has, on behalf of Erin Energy, completed acquisition of a new 3D seismic survey off the coast of The Gambia. Polarcus was contracted by the Erin Energy to carry out the survey using the Polarcus Alima, 12-streamer 3D/4D seismic vessel. The survey covered approximately 1,613 square kilometres on Erin Energy’s A2 and A5 blocks. Erin […]

  • 14 September 2015

    Erin Energy Corporation has completed the acquisition of a new 3D seismic survey off the coast of The Gambia.  Erin Energy contracted Polarcus Ltd. to carry out this survey using the Polarcus Alima, a 12 streamer 3D/4D seismic vessel. The survey covered approximately 1,613 square kilometres on Erin Energy’s A2 and A5 blocks. According to Erin […]

  • 11 September 2015
    Business & Finance

    Erin Energy, formerly known as CAMAC, has announced changes within its management structure. The company explained in its press release on Friday that the changes were made as a response to recent drilling and production successes, and to support the company’s growth strategy. Segun Omidele, Senior Vice President, Exploration and Production, has been appointed Chief Operating […]

  • 18 April 2018
    Infrastructure

    Bumi Armada is taking legal action against Erin Energy following the receipt of a force majeure notice.

  • 6 December 2017
    Exploration & Production, Project & Tenders

    Erin Energy has started drilling of the Oyo North West well (Oyo-NW) offshore Nigeria with plans to tie the potential discovery to the Oyo field facilities. 

  • 16 March 2018
    Business & Finance

    Erin Energy recorded a bigger loss in 2017 compared to the prior-year despite a 30 pct revenue increase boosted by higher oil prices. 

  • 18 June 2015
    Project & Tenders

    Erin Energy Corporation, formerly known as CAMAC Energy, has started production from the Oyo-7 well located in OML 120 offshore Nigeria. Erin Energy is the operator of the Oyo field and has a 100% interest in the block. According to the company, Oyo-7 was drilled to a total depth of approximately 8,000 feet (2,438 meters) […]

  • 26 April 2018
    Business & Finance

    Erin Energy and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Code in the Bankruptcy Court for the Southern District of Texas to pursue a plan of reorganization. 

  • 18 May 2017
    Business & Finance

    Oil and gas company Erin Energy has named a new chief executive officer (CEO) and a new chairman of the board during its annual meeting of shareholders held on May 17, 2017. Namely, Femi Ayoade, John Rudley, and Mahmud Yayale Ahmed were elected to fill empty seats on the company’s board resulting from the retirement of […]

  • 14 March 2016
    Business & Finance

    Oil and gas company Erin Energy, formerly known as CAMAC Energy, has announced the appointment of a new chairman of the board and the appointment of its current COO as CEO.  John Hofmeister, a former president at Shell, was appointed as chairman of the board of Erin Energy. The appointment is effective the day immediately following Erin […]

  • 27 April 2018
    Business & Finance

    Erin Energy will be appealing a decision made by the New York Stock Exchange to delist its shares from trading, following the company’s filing for chapter 11 bankruptcy. 

  • 5 October 2015
    Project & Tenders

    Erin Energy Corporation, previously known as CAMAC Energy, on Monday announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company, Camac Energy Ghana […]

  • 6 May 2015
    Business & Finance

    After Serica Energy today said its CFO would resign later this month to take up a senior position of an oil and gas company, Erin Energy Corporation has revealed itself as the destination company. Erin Energy, until last week known as CAMAC Energy, announced today that Christopher J. Hearne will be appointed as Senior Vice […]

  • 26 May 2015
    Business & Finance

    Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Ltd, a subsidiary of Glencore PLC. According to the press release, the offtake contract would allow Glencore to undertake the lifting of Oyo crude from the FPSO Armada Perdana for a minimum term […]

  • 20 July 2015
    Business & Finance

    Offshore Energy Today has reported earlier today that Polarcus has started a new 3D multi-client project offshore The Gambia.  Polarcus did not reveal any details related to the company that hired it for this project, nor the name of the vessel that is going to be used for the survey. However, Erin Energy Corporation, formerly known […]

  • 9 June 2015
    Exploration & Production, Project & Tenders

    Erin Energy Corporation, formerly known as CAMAC Energy, has informed that it is continuing the completion operations on the Oyo-7 well, located in OML 120 offshore Nigeria, and production from the well is expected to start by mid-June. Kase Lawal, Chairman and Chief Executive Officer commented: “With the success of the Oyo-8 well and impending tie-in of […]

  • 4 April 2016

    Erin Energy, an independent oil and gas exploration and production company, has obtained a waiver to the funding requirements of the debt service reserve account associated with the Zenith Bank Note until December 31, 2016. The company was also granted a 90-day deferment of the principal payment previously due on March 31, 2016, whilst re-modification […]

  • 3 May 2016
    Project & Tenders

    Independent oil company Erin Energy Corporation informed on Tuesday that the Island Constructor light well intervention (LWI) vessel has completed work on the Oyo-8 well, offshore Nigeria, and the company has resumed production from the well. To remind, the Island Offshore-owned vessel departed Norway heading for the Oyo field, offshore Nigeria, at the end of March. […]

  • 27 March 2017
    Business & Finance

    Australian oil and gas company FAR Limited will buy 80% interest and operatorship of Erin Energy’s offshore A2 and A5 blocks in The Gambia, which are close to the SNE discovery offshore Senegal.  Erin Energy will retain a 20% working interest in both blocks, the company said on Monday. Under the terms of the farm-out […]