Search results for: sterling energy

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  • 20 January 2017
    Business & Finance

    Sterling Energy, the AIM-listed oil and gas exploration company, has made several non-executive changes, which are effective immediately.  Sterling said on Friday that the company named Michael Kroupeev to the position of non-executive chairman, Leo Koot as the senior independent non-executive director, and Ilya Belyaev as a non-executive director. Kroupeev joined the company’s board as […]

  • 14 October 2016
    Business & Finance

    Chairman and two non-executive Directors have resigned from their positions at Sterling Energy, an oil and gas exploration company, with immediate effect. The company said on Thursday that non-executive Chairman Nicholas Clayton and, non-executive Directors Keith Henry and Malcolm Pattinson, have left the company due to strategic differences on the future direction of the company. Clayton […]

  • 16 March 2016

    Sterling Energy, an oil and gas company with interests in Africa, has announced that its subsidiary Sterling Energy Mauritania has completed its withdrawal from Block C-3, offshore Mauritania. Sterling announced in January 2016 the company would relinquish its stake in the Block C-3 after seismic data showed no firm reason to press ahead with exploration. As part […]

  • 23 March 2015

    Sterling Energy Plc, an oil company with interests in exploration projects in Cameroon, Madagascar, Mauritania and Somaliland, has named Eskil Jersing as Chief Executive Officer (“CEO”) and a director of Sterling Energy Plc; the appointment is effective immediately. Jersing, 51, has, during his 29 years long career to day, worked in Exploration, New Ventures, Strategy-Planning and […]

  • 30 November 2015
    Business & Finance, Project & Tenders

    Sterling Energy plc has completed the acquisition of a 13.5% working interest in the production sharing contract for Block C-10, located offshore in the Islamic Republic of Mauritania (the PSC). The stakeholders are now Tullow (Operator) with 76.5%, Sterling Energy with 13.5% and Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) with 10%. The PSC, awarded […]

  • 22 December 2017
    Business & Finance

    The chief executive officer of AIM-listed oil and gas exploration company Sterling Energy has decided to resign from his position.

  • 4 December 2013
    Business & Finance

    On 1 November 2013, Sterling Energy Plc, an oil & gas exploration and production company, announced that it had executed a Farmout Agreement for the Production Sharing Contract of the Ambilobe Block (the “PSC”), located offshore Madagascar, with Pura Vida Mauritius .   The consent of the Government of the Republic of Madagascar to the transaction […]

  • 9 May 2016
    Project & Tenders

    Sterling Energy plc has completed its withdrawal from the Ambilobe block, offshore Madagascar. To remind, the AIM listed oil and gas exploration company on April 28, 2016, said its wholly owned subsidiary, Sterling Energy (UK) Limited would exit the block, to focus on shorter cycle revenue generating assets. Prior to the exit from the block, Sterling was […]

  • 31 July 2015
    Business & Finance

    Sterling Energy, an oil and gas company with interests in Africa, has completed the acquisition of 40.5% interest in the production sharing contract for Block C-3 (PSC) from Tullow Oil, located offshore Mauritania. The sale and purchase agreement was conducted through subsidiaries, Sterling Energy Mauritania Limited (SEML) and Tullow Mauritania Limited. The holders of the PSC are now Tullow (Operator) […]

  • 9 April 2015
    Business & Finance, Project & Tenders

    Murphy Cameroon Ntem Oil Co., Ltd (Murphy) will transfer its 50% interest in, and operatorship of, the Ntem Concession, offshore Cameroon to Sterling Energy’s subsidiary Sterling Cameroon Limited (Sterling). Ministerial approval of the Transaction has now been granted and will, in due course, be formally ratified by way of Presidential decree, Sterling Energy said in the press statement. Under […]

  • 13 January 2014

    Sterling Energy Plc, has provided an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,314 km 2D seismic acquisition programme was completed on the Ampasindava Block in December 2013; the data will provide improved sub-surface imaging of the large Sifaka prospect and potentially mature additional prospects in the Ampasindava Block […]

  • 17 February 2015

    Sterling Energy Plc will acquire a 50% interest and operatorship of an offshore Cameroon concession from Murphy Cameroon Ntem Oil Co. Sterling has explained that no consideration is payable for the transfer of Murphy’s interest in the Ntem concession. Completion of the transaction remains subject to Cameroon Ministerial approval. Following completion, the Ntem Concession will be […]

  • 23 April 2015
    Project & Tenders

    Sterling Energy has received notice from Société Nationale des Hydrocarbures (SNH) that the First Renewal Period of the Ntem Concession, offshore Cameroon, has expired on April 22, 2015 and that the Ntem Concession has lapsed. However, according to Sterling, the First Renewal Period has not expired. Namely, after drilling the Bamboo-1 well, an assessment of remaining prospectivity of […]

  • 10 February 2014

    Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has started drilling operations on the Bamboo-1 well using the Ocean Confidence, a fifth generation semi-submersible drilling rig. The news has been reported by Sterling Energy Plc, a partner in the field. The well, located approximately 56 kilometres from the coast of Cameroon, has an estimated target depth […]

  • 1 November 2013
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced today that its wholly owned subsidiary, Sterling Energy (UK) Limited, has signed a Farm-out Agreement for the Production Sharing Contract of the Ambilobe Block, located offshore Madagascar, with Pura Vida Mauritius. Sterling currently holds a 100% interest in, and is […]

  • 10 February 2015
    Business & Finance

    Sterling Energy Plc will buy a 40.5% interest in the Production Sharing Contract for Block C-3, located offshore in the Islamic Republic of Mauritania from Tullow Oil. Sterling will assume a 40.5% participating interest in the PSC from Tullow, including an entitlement to a corresponding interest in all past costs; and will pay Tullow approximately US$2.5m in consideration and […]

  • 10 February 2014
    Business & Finance, Operations & Maintenance

    Sterling Energy Plc, the AIM listed oil & gas exploration and production company provides update for the Ntem Concession, offshore Cameroon. The operator, Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has confirmed that drilling operations have commenced on the Bamboo-1 well using the Ocean Confidence, a fifth generation semi-submersible drilling rig. The well, located approximately […]

  • 14 November 2013
    Business & Finance, Operations & Maintenance

    Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, provides an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,363 km 2D seismic programme is currently in progress on the Ampasindava Block. The programme is designed to provide improved control over the large Sifaka prospect […]

  • 8 April 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Sterling Energy Plc provided an update for the Ntem Concession, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession commenced operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working interest, has confirmed that the well, located in 1,600 m of water, […]

  • 19 February 2014

    Sterling Resources has informed that Jacob S. Ulrich, previously Chair and Interim CEO, has been appointed by the board of directors of the Company s permanent CEO with immediate effect. The company added that, to ensure the most effective corporate governance, Ulrich has stepped down as Chair of the Company and  James H. Coleman has […]

  • 24 October 2011
    Business & Finance

    Energean Oil & Gas, an independent E&P company with operations in Greece and Egypt, announced today the appointment of Andrew Grosse to the position of Group Exploration Director. Andrew will also join the Board of Energean Oil & Gas with immediate effect. Andrew, is a Petroleum Geoscientist with 30 years experience in the oil industry, […]

  • 29 January 2016

    Sterling Energy plc has decided to relinquish its stake in the Block C-3, offshore Mauritania, after seismic data shows no firm reason to press ahead with exploration. As part of the withdrawal, the company said it would assign its entire 40.5% participating interest in the production sharing contract for Block C-3, located offshore in the Islamic Republic of […]