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Medco Raises Offer for Ophir Takeover
Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.
8:00 PM EST | March 20, 2019
Ophir Agrees to $511MM Takeover Deal by Medco
Indonesian company Medco has won its takeover deal for Ophir Energy at 55 pence per share.
7:00 PM EST | January 29, 2019
Ophir Grants Deadline Extension in Medco Takeover Bid
Ophir Energy has given Medco a deadline extension on its takeover offer.
7:00 PM EST | January 27, 2019
Ophir Energy's Board Rejects Medco's Takeover Proposal
Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.
7:00 PM EST | January 14, 2019
Medco in Talks to Potentially Take Over Ophir Energy
The two companies have been discussing a possible all-cash acquisition, with the deadline for a firm offer or walk-away expected by Jan. 28.
7:00 PM EST | January 01, 2019
Equatorial Guinea LNG Project Stumbles As Schlumberger Quits
Schlumberger has decided to withdraw due to problems with the project's financing, Ophir says.
8:00 PM EST | May 30, 2018
Ophir Energy Cuts Cost; Eliminates Staff
British oil and gas explorer cuts 15% of its global workforce as it "right sizes" for new FLNG Project.
8:00 PM EST | July 11, 2017
Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
The Tanzanian government submitted three bills to parliament on that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors.
8:00 PM EST | June 28, 2017
Ophir to Borrow $1.2B from Chinese Banks for Fortuna Floating LNG
British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guinea.
8:00 PM EST | May 07, 2017
Ophir Holdings, OneLNG to Establish JOC for Fortuna Project
Ophir Holdings & Ventures LTD and OneLNG sign a binding shareholders' agreement to establish a joint operating company to develop the Fortuna project, in Block R, offshore Equatorial Guinea.
7:00 PM EST | November 09, 2016
Shell Commences Drilling Program in Tanzania
Royal Dutch Shell plc announces the start of a drilling program covering two wells, in Block 1 and 4, in the Mafia Deep basin off Tanzania.
8:00 PM EST | November 02, 2016
Ophir Says Two Bidders In The Fray For Fortuna Contract
Oil and natural gas producer Ophir Energy says two consortia were bidding for an engineering contract over the upstream portion of its Fortuna Floating Liquefied Natural Gas platform (FLNG) in Equatorial Guinea.
8:00 PM EST | September 14, 2016
Ophir Energy Prepares for 'Prudent' Exploration Drilling Campaign
Ophir Energy plc is preparing to return to a considered, prudent pace of exploration drilling from late 2016 to take advantage of lower exploration costs, says the company's chief executive Nick Cooper.
8:00 PM EST | September 14, 2016
Ophir Energy Commences Oil, Gas Production in Indonesia, Thailand
Ophir Energy commences production at Kerendan gas field in Indonesia, while output from Bualuang oil fields in the Gulf of Thailand resume after a debottlenecking project.
8:00 PM EST | September 12, 2016
Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.
8:00 PM EST | April 28, 2016
Cote d'Ivoire Approves Ophir's Acquisition of 45% Stake in Block CI-513
Cote d'Ivoire approves Ophir Energy's acquisition of a 45 percent stake in offshore Block CI-513.
7:00 PM EST | March 10, 2016
Niko Closes Sale of North Ganal PSC Offshore East Kalimantan to Ophir
Niko Resources closes sale of the North Ganal production sharing contract located offshore East Kalimantan, Indonesia to Ophir Energy.
7:00 PM EST | February 10, 2016
Ophir Energy Appoints New Chairman
Ophir Energy plc appoints a new chairman following Nicholas Smith's decision to retire.
7:00 PM EST | January 26, 2016
Oil Price Will Increase in Next 'Few Months'
Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.
7:00 PM EST | January 24, 2016
Ophir Energy Exits Three Blocks Offshore Seychelles
Ophir Energy exits from three blocks offshore Seychelles that it farmed-in to in March 2014.
7:00 PM EST | January 17, 2016
Ophir Energy Appoints New Regional Directors
Ophir Energy appoints 2 new regional directors, Dr. John Bell and Dr. Oliver Quinn, with immediate effect.
7:00 PM EST | January 12, 2016
Ophir Signs Agreements to Sell LNG from E. Guinea's Fortuna FLNG Project
Ophir Energy signs agreements to sell liquefied natural gas from the Fortuna FLNG project in Block R, offshore Equatorial Guinea.
7:00 PM EST | December 08, 2015
Ophir Energy Said to Receive Merger Interest amid Oil Slump
Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.
7:00 PM EST | November 24, 2015
Tullow, Ophir Cut CAPEX amid Continued Low Oil Price
Africa-focused oil and gas companies, Tullow Oil and Ophir, cut their capital expenditure for 2016 following a continued low oil price.
7:00 PM EST | November 10, 2015
Ophir Drills Dry Well in the Gulf of Thailand
Ophir Energy drills dry well at Block G4/50 in the western Gulf of Thailand.
7:00 PM EST | November 01, 2015
Ophir Commences Drilling Program in Gulf of Thailand's Block G4/50
Ophir Energy commences a two well drilling program in Block G4/50 in the Gulf of Thailand.
8:00 PM EST | October 21, 2015
Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016
Myanmar expects offshore exploration activities to increase in late 2015 and early 2016 as companies commence work on blocks awarded under Myanmar's Bidding Round - 2013.
8:00 PM EST | July 20, 2015
Ophir Awards Upstream FEED Deals for E.Guinea's Fortuna FLNG Project
Ophir Energy awards upstream front end engineering and design contracts for the Fortuna gas project in Equatorial Guinea to two consortia comprising McDermott Marine Construction-GE Oil & Gas and Subsea 7-Aker Solutions.
8:00 PM EST | July 08, 2015
Ophir's Plans for 2015 Remain on Track
Ophir Energy's production target remains on track after the company averaged 14,600 barrels per day during 1H 2015.
8:00 PM EST | July 05, 2015
Polish Billionaire Kulczyk Puts Stake In Ophir Energy On Market
Poland's richest man, Jan Kulczyk, has put his 8% stake in Ophir Energy on the market, bookrunner JP Morgan Securities said in a statement.
8:00 PM EST | April 28, 2015
Ophir Energy Completes Acquisition of 4 Deepwater PSCs in Indonesia
Ophir Energy completes acquisition of four deepwater production sharing contracts in eastern Indonesia.
8:00 PM EST | April 27, 2015
WorleyParsons Lands Deal for Ophir's Fortuna Project in Equatorial Guinea
WorleyParsons lands deal to provide engineering and project management services to Ophir Energy for the Fortuna Project offshore Equatorial Guinea.
8:00 PM EST | April 12, 2015
Dolphin Geophysical Commences Seismic Survey for Ophir Energy Off Myanmar
Dolphin Geophysical commences seismic acquisition offshore Myanmar for Ophir Energy.
8:00 PM EST | March 25, 2015
Ophir Returns to Profit and Cuts Spending
Oil explorer Ophir Energy, which completed the acquisition of rival Salamander Energy this month, returned to profit last year and says it would cut spending by $250 million over two years to deal with low oil prices.
8:00 PM EST | March 18, 2015
WHL Energy Upbeat About Junon Resources Potential offshore Seychelles
WHL Energy says seismic data indicates that Junon Central and Junon South East in Seychelles may hold prospective resources of around 200 million barrels.
7:00 PM EST | March 04, 2015
Sona Petroleum Scraps Plans to Buy Stake in Salamander's Thai Assetss
Malaysia's Sona Petroleum scraps plans to buy a stake in two oil and gas blocks from Salamander Energy Plc in the Gulf of Thailand for $280 million.
7:00 PM EST | January 13, 2015
Ophir Energy Inks PSC for Block AD-03 in Myanmar's Rakhine Basin
Ophir Energy inks production sharing contract with the Myanmar Ministry of Energy for Block AD-03 in the Rakhine Basin offshore Myanmar.
7:00 PM EST | December 07, 2014
Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Sona Petroleum clings on to fading hopes of completing its $280 million acquisition of two oil and gas blocks in the Gulf of Thailand from Salamander Energy.
7:00 PM EST | November 25, 2014
Salamander Backs Ophir Takeover Offer
UK oil and gas explorer Ophir Energy says its $418-million takeover of Salamander Energy has been recommended by the target firm's board.
7:00 PM EST | November 23, 2014
CEPSA Says no Longer Interested in Buying Salamander Energy
A consortium led by Spain's Compania Espanola de Petroleos said it was withdrawing from the bidding to acquire oil firm Salamander Energy, reducing the competition for rival suitor Ophir.
7:00 PM EST | November 16, 2014
Salamander Confirms Receiving Ophir's Takeover Proposal
Salamander Energy confirms receiving a conditional proposal from Ophir Energy regarding a potential offer for the company, .
8:00 PM EST | October 26, 2014
Ophir Agrees to Acquire 7 Deepwater Blocks in Indonesia from Niko for $31M
Ophir Energy pens deal to acquire seven deepwater blocks in Indonesia from Niko Resources for $31 million.
8:00 PM EST | October 26, 2014
Ophir Energy Expands Offshore Gabon Footprint
Ophir Energy acquires two more blocks for exploration and production offshore Gabon.
8:00 PM EST | October 23, 2014
Ophir CFO to Leave Company in Cost-Saving Move
Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.
8:00 PM EST | October 16, 2014
WHL Gets Seychelles Seismic Data, Farming-out Permit VIC/P67 Off Australia
WHL Energy receives fast track data from the Junon 3D seismic survery acquired offshore Seychelles and has commenced a farm-out process for Australia's offshore permit VIC/P67.
8:00 PM EST | October 15, 2014
Ophir Makes Gas Discovery at Kamba-1 Well in Tanzania's Offshore Block 4
Ophir Energy finds gas at the Kamba-1 well in Block 4 offshore Tanzania.
8:00 PM EST | October 01, 2014
Ophir Finds Gas at Silenus East-1 Well in Equatorial Guinea's Block R
Ophir Energy finds gas at Silenus East-1 well in Equatorial Guinea's offshore Block R.
8:00 PM EST | September 15, 2014
High Gas-Flow Tests Boost BG's Tanzania LNG Plans
BG Group says encouraging results from its latest test drill offshore Tanzania increases chances to develop an onshore LNG project in the country.
8:00 PM EST | August 26, 2014
M/V Polar Duchess Completes Seychelles 3D Seismic Survey
WHL Energy says the M/V Polar Duchess vessel has completed 3D seismic survey at exploration blocks offshore Seychelles.
8:00 PM EST | July 28, 2014
Ophir Comes up Dry Offshore Gabon
Ophir reports that its Okala-1 well, targeting pre-salt Cretaceous sands offshore Gabon, fails to find hydrocarbons.
8:00 PM EST | June 25, 2014