On Friday 19 March, Tullow Oil issued 466.9mn shares at GDP£1.30 (US$1.61), 45.2 per cent lower than the previous days closing share price, causing share prices to fall by 15 per cent
Tullow Oil issues new shares to raise US$7.5mn
Exploration
Nigeria court overturns ruling and returns OPL245 to Shell and Eni
A Nigeria court has overturned a request by the countrys financial crime agency to seize the OPL245 oilfield from Royal Dutch Shell and Eni after reports of fraud
Farm-out agreement signed for Cameroon's Bomono block
A farm-out agreement has been reached between Bowleven and Victoria Oil & Gas (VOG) for a production sharing contract (PSC) for the Bomono Block, Cameroon
ExxonMobile and Eni agree the purchase of Area 4 block, offshore Mozambique
ExxonMobil and Eni have signed a sale and purchase agreement on 9 March to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique
Erin Energy announced execution of drilling rig contract offshore Nigeria
Erin Energy Corporation announced the execution of a drilling services contract with Pacific Drilling for use of the Pacific Bora drilling rig
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