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% ...

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

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 ...

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

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

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

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 ...

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

Spain significantly increased its crude oil imports from Venezuela by 59% in January and February 2025 compared to the ...