OSLO: Zenith Energy Ltd. announces the termination of the sale and purchase agreement (SPA) entered into with Coro Energy plc for the acquisition by Zenith of Coro’s entire Italian natural gas production and exploration portfolio. Under the SPA, completion of the Italian Acquisition was conditional on, inter alia, receipt of Italian regulatory approvals prior to…
All posts tagged Zenith Energy
Zenith Energy confirms participation in Nigeria’s 2020 marginal field bid round
LONDON: Zenith Energy Ltd. announced its participation, in the capacity of technical and financial partner to a Nigerian registered energy company, in the 2020 bid round for marginal oil and gas fields organised by the Nigerian Department of Petroleum Resources (DPR). On June 1, 2020, the DPR, on behalf of the Federal Government of Nigeria,…
Zenith Energy makes payment to KUFPEC for Sidi El Kilani
LONDON: Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, has made payment for a total of $250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C (KUFPEC), a subsidiary of the State of Kuwait’s national oil company, in relation to the acquisition of a 22.5% working interest in…
Zenith Energy all set to establish a commercial PPE manufacturing enterprise
LONDON: Zenith Energy Ltd., an oil & gas production company focused on African development opportunities, announced that it is in advanced discussions to establish a commercial PPE manufacturing enterprise, specifically protective face masks, in the United Kingdom to combat the COVID-19 pandemic. Rationale Zenith recognises the unprecedented challenges posed by the COVID-19 pandemic to populations…
Zenith Energy forms subsidiary in Norway to bid in future licensing round
LONDON: Zenith Energy Ltd., an international oil & gas production company, has announced the establishment of its fully owned Norwegian subsidiary, Zenith Energy AS (Zenith Norway). As announced on December 9, 2019, Zenith intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organised by the Norwegian Ministry…
Zenith shelves plans to acquire Norwegian oil & gas company Nordic Petroleum
LONDON: Zenith Energy Ltd has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS, by way of an exchange of equity as announced on November 4, 2019. Due to unexpected complications and potentially high costs to complete the Proposed Acquisition, the Board has decided not to proceed with…