Meren Energy

Energy, Utilities & Waste · Canada · 11-50 Employees

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Overview

Headquarters

666C O Ste 02500, Vancouver, British Col...

Website

www.mereninc.com

Revenue

$600 Million

Stock Symbol

MER

Industry

Energy, Utilities & Waste

Oil & Gas Exploration & Services

ZI Rank: 1

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About Meren Energy

Meren Energy Inc. is a Canadian-based independent upstream oil and gas company, rebranded from Africa Oil Corp. in May 2025. The company focuses on production and development of deep-water assets in Africa, notably in Nigeria, Namibia (notably the Orange Basin), South Africa and Equatorial Guinea. Its core strategy is to build a high-netback, cash-flow generating business, anchored in long-life assets in favourable fiscal regimes.Explore more

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Popular SearchesMeren Energy IncSIC Code 13,131NAICS Code 21,211Ticker TSX: MERShow more

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Timothy Thomas

Chief Operating Officer

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Lisa Perraud

Office Administrator

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Most Recent Scoops

Earnings

Meren Energy has reported repaying $80 million under its Reserve-Based Lending facility in Q2 2026, reducing outstanding debt to $290 million at quarter end, with net H1 repayments of $40 million following the Q1 refinancing, while operations generated $67 million for the quarter.

Business Finance, Finance, Financial Transactions, Financing & Debt

Earnings

Meren Energy has reported lifting one cargo in July 2026 and expects to lift an additional three to four cargoes in the remainder of H2 2026, for a total of four to five H2 cargoes, supported by an under-lifted position of approximately 600,000 barrels carried from the end of June, compared to three cargoes lifted in H1 2026.

Oil & Gas

Earnings

Meren Energy has revised its full-year 2026 guidance upward, narrowing working interest production to 24,000 to 27,000 BOE per day and entitlement production to 28,500 to 32,500 BOE per day, while raising EBITDAX guidance to between $390 million and $430 million and cash flow from operations guidance to between $235 million and $260 million, representing midpoint increases of approximately 30% and 12%, respectively, based on an assumed Brent price of approximately $85 per barrel.

Earnings, Finance

Project

Meren Energy has announced that a rig will arrive in Q3 2026 to drill a campaign of up to six infill wells at Agbami, following an appraisal well on the Ikeja discovery, which, if successful, could be developed as a subsea tieback to the Agbami FPSO, offering a short-cycle, high-IRR development opportunity.

Oil & Gas

Earnings

Earnings, Finance, Oil & Gas

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Frequently Asked Questions Regarding Meren Energy

What is Meren Energy's stock symbol?

Meren Energy's stock symbol is MER

What is Meren Energy's official website?

Meren Energy's official website is www.mereninc.com

What is Meren Energy's Revenue?

Meren Energy's revenue is $600 Million

What is Meren Energy's SIC code?

Meren Energy's SIC: 13,131

What is Meren Energy's NAICS code?

Meren Energy's NAICS: 21,211

How many employees does Meren Energy have?

Meren Energy has 11-50 employees

What industry does Meren Energy belong to?

Meren Energy is in the industry of: Energy, Utilities & Waste, Oil & Gas Exploration & Services

What does Meren Energy do?

What are Meren Energy social media links?

Meren Energy Linkedin page

Is Meren Energy a public company?

Yes, Meren Energy is a public company and is traded under the symbol MER

See more information about Meren Energy

Meren Energy Latest Hires and Their Positions

Meren Energy is expanding and recently hired new employees. Here are the latest additions to the team.

Lisa Perraud

Office Administrator

Joined Apr 10, 2026

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