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.comRevenue
$600 MillionStock Symbol
MERIndustry
ZI Rank: 1
Signal Type
Mar
Apr
May
Jun
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Aug
ZI Rank
3
2
2
1
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1
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
Meren Energy Org Chart
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Company Profile Activity
Activity Insights
Meren Energy is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
What does this means?
Meren Energy is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Meren Energy.
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
Meren Energy News & Media
Meren Energy Inc (MRNFF) Q4 2025 Earnings Call Highlights: Transformational Deals and Strategic ...
Meren Energy Inc (MRNFF) doubles reserves with a prime consolidation deal, while navigating production setbacks and strategic drilling plans.Meren Energy Inc. (MER:CA) Q3 2025 Earnings Call Transcript
Meren Energy Inc. (MER:CA) Q3 2025 Earnings Call November 17, 2025 9:00 AM ESTCompany ParticipantsShahin Amini - Head of Investor Relations &...
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Frequently Asked Questions Regarding Meren Energy
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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-... Read More
