Consolidated revenue dropped 70% year on year to $64 million for the quarter ended March 31, compared with a 12% increase a year earlier. M&P was also impacted by lower oil prices, down 11% ...

French oil group Maurel & Prom (M&P) reported an increase in cash generation in end-March from the previous quarter on Thursday, allowing it to maintain a firm growth outlook even as its sales dropped ...

French oil group Maurel & Prom (M&P) reported a sharply lower first-quarter sales growth on Thursday, as revenue declined across its main oil and gas fields in Gabon, Angola and Tanzania. Consolidated ...

The drilling, which will run through to 2026, follows the company’s October 2024 announcement of an $80 million ...

UK broker Braemar is predicting an oversupply of crude tanker tonnage in the Atlantic as Venezuela halts exports to the US.

M&P’s total working interest production in Q1 2025 amounted to 38,534 boepd, at its highest historical level and an increase ...

GAS extraction is about to start at three new wells at the Mnazi Bay block in Mtwara Region, adding over 30m standard cubic ...

BUDGET planners will be relieved with the news that gas extraction is about to start at three new wells at the Mnazi Bay ...

Maurel & Prom (operator, 100%) on Monday announced a new oil discovery through its 100% owned Colombian subsidiary, Hocol S.A., on the Guarrojo permit. Maurel & Prom (operator, 100%) on Monday ...

Venezuelan state-owned PDVSA has revoked authorizations for U.S. supermajor Chevron to load and export crude oil, following ...

Maurel & Prom, a French oil company, reported a sharply reduced first-quarter growth rate on Thursday. Revenues declined in its main oil fields of ...