Niko Resources Company News
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KrisEnergy Spuds Bangora-6 Development Well in Bangladesh's Block 9
Monday, September 05, 2016KrisEnergy commences drilling of Bangora-6 development well in onshore Block 9 in the Bangora field, Bangladesh.
ICSID Orders Petrobangla to Pay Niko $35M It Owed for Gas Deliveries
Tuesday, May 31, 2016Niko Resources says the International Centre for Settlement for Investment Dispute (ICSID) has ordered Petrobangla to pay $35.3 million in amount owed to its indirect subsidiary for gas deliveries.
Reliance Said To Revive Offshore India Gas Project By End-2017
Friday, May 27, 2016Reliance Industries is preparing to restart work in four offshore oil and gas blocks as it seeks to revive development activity stalled for seven years by disputes with the government, according to a people with knowledge of the plan.
Niko Closes Sale of North Ganal PSC Offshore East Kalimantan to Ophir
Thursday, February 11, 2016Niko Resources closes sale of the North Ganal production sharing contract located offshore East Kalimantan, Indonesia to Ophir Energy.
Ophir Energy Completes Acquisition of 4 Deepwater PSCs in Indonesia
Tuesday, April 28, 2015Ophir Energy completes acquisition of four deepwater production sharing contracts in eastern Indonesia.
Niko Receives India's Offshore Block D6's MJ Discovery Resources Report
Monday, April 06, 2015Niko Resources receives independent resources evaluation report on the MJ discovery in Block D6 offshore India from Deloitte.
Canada's Niko Resources Says Evaluating Plans For India Assets
Friday, November 14, 2014Niko Resources said it was evaluating plans for its oil and gas assets in India, citing uncertainty related to the outlook for natural gas prices in the country.
Ophir Agrees to Acquire 7 Deepwater Blocks in Indonesia from Niko for $31M
Monday, October 27, 2014Ophir Energy pens deal to acquire seven deepwater blocks in Indonesia from Niko Resources for $31 million.
Niko Gets Approval to Sell Stake in Trinidad & Tobago's Block 5(c) to BG
Friday, June 13, 2014Niko Resources' sale of a 25 percent stake in Block 5(c) in Trinidad and Tobago to a subsidiary of BG has been approved by the government.
KG D6 Block JV Issues Arbitration Notice to Government of India
Wednesday, May 14, 2014The joint venture of the KG D6 block offshore India has issued a notice of arbitration to the Indian government seeking implementation of domestic natural gas pricing, which has delayed around $4 billion in planned upstream investments this year.
Canada's Niko Raises 'Going Concern' Doubt, Shares Plunge
Friday, November 15, 2013Niko Resources lost more than half its market value after it raised "significant" doubt about its ability to continue as a going concern.
Diamond Profit Beats Estimates, but Rig Delays Weigh on Shares
Thursday, October 24, 2013Diamond Offshore Drilling posts a higher-than-expected quarterly profit, but delays in getting rigs out of the shipyard weighed on its prospects for 2014, and its stock fell 3 percent.
Niko Reports on Developments at its Indonesia, Madagascar PSCs
Monday, September 02, 2013Niko Resources provides an update on its Production Sharing Contracts in Indonesia and Madagascar.
Niko Finds Tribunal Ruling on Chattak Blow-Out Positive for Company
Thursday, August 22, 2013Niko Resources finds a ruling by an international tribunal on the 2005 Chattak well blow-outs in Bangladesh to be positive for the company.
Niko Abandons Elang-1 Exploration Well in Cendrawasih PSC
Thursday, August 15, 2013Niko Resources encounters no commercial reservoir pay zones when the Elang-1 well was drilled in the Cendrawasih Production Contract off eastern Indonesia.
Reliance Makes Gas Condensate Discovery Offshore India
Friday, May 24, 2013A significant gas condensate discovery was made in the deepwater KG D6 Block, offshore India, by partners Reliance, BP and NIKO.
Niko to Spud Kutei Well Offshore Indonesia
Wednesday, March 20, 2013The Ocean Monarch semisub will be mobilizing to the North Makassar block in the prolific Kutei basin where it will spud a well in early April, says operator Niko.
Niko Spins Bit at Indonesia Well
Thursday, December 13, 2012Niko Resources Ltd. announced the spudding of the Ajek-1 well in the Kofiau block in Indonesia.
India Asks Reliance, BP to Provide East Coast Block Accounts
Tuesday, July 17, 2012India's oil ministry has asked Reliance and BP to provide all the accounts of investment at their east coast gas block to the federal auditor after the explorers sought the ministry's speedy clearances for further investments off the east coast.
Rowan Jackup Spuds Shadow Prospect
Tuesday, June 12, 2012The Rowan Gorilla III offshore rig has spud the Shadow-1 prospect on the 2(ab) block, in Trinidad.
Niko Notes Credit Facility
Tuesday, January 17, 2012Niko Resources has entered into an agreement for credit facilities totaling $250 million.
Niko Wins Operatorship Offshore Indonesia
Tuesday, November 22, 2011Niko has been awarded two new PSCs Production Sharing Contracts in Indonesia.
Niko, Diamond Offshore Pen Indonesia's 'Largest' Deepwater Contract
Tuesday, November 08, 2011Niko Resources has signed with Diamond Offshore the largest deepwater exploration contract in the history of Indonesia.
Niko Makes Oil Find at Qara Dagh Block
Monday, July 11, 2011This interval from 3,558 meters to 3,908 meters was acidized and flowed light oil confirming an active hydrocarbon column.
Niko Updates Financial, Operational Results for Year-End
Wednesday, June 29, 2011Niko reported its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements' discussion and analysis, for the year ended March 31, 2011.
Niko Can Increase Stake by 30% in India Block
Tuesday, February 22, 2011Niko can acquire up to a 30% increase from current working percentages in all or any one of Reliance's stakes in D6, NEC 25 and D4.
Niko, Repsol Seal Farmout Deal in Indonesia
Friday, January 14, 2011Niko has reached a Farmout agreement with Repsol, in which Repsol will become a joint venture participant in both the East Bula and Seram Production Sharing Contracts (PSC) in Indonesia.
Sonde Sells Trinidad and Tobago Interest to Niko
Wednesday, December 22, 2010Sonde Resources Corp. has reached an agreement with Niko Resources Ltd. under which Niko will acquire Sondes interest in Block 5(c), located off the east coast of Trinidad and Tobago.
Niko Signs 4 New Indonesian Blocks
Tuesday, May 18, 2010Niko announced the signing of four new Production Sharing Contracts with the Government of Indonesia for four blocks.
Niko Completes Acquisition of Voyager Energy
Friday, March 26, 2010Niko Resources has closed the acquisition of Voyager Energy Ltd. The Arrangement was approved at the special meeting of the shareholders of Voyager and by the Court of Queen's Bench of Alberta on March 25, 2010.
Niko Enters into Acquisition of Voyager Energy
Monday, February 08, 2010Niko Resources has entered into an Arrangement Agreement with Voyager Energy Ltd. whereby Niko will acquire all of the outstanding shares of Voyager.
New Director Onboard at Niko Resources
Wednesday, January 06, 2010Don R. Hansen has joined Niko's board of directors. Don Hansen was formerly CEO of Northrock Resources Ltd. and a director and founding member of Black Gold Energy.
Niko Updates on International E&P Activities
Wednesday, January 06, 2010Niko Resources has provided an exploration update for its international upstream oil and gas activities.
Niko to Snap Up Major Interest in Indonesian Deep Waters
Wednesday, November 18, 2009Upon completion of a transaction with Black Gold LLC, Niko will hold an interest in 12.1 million net exploration acres in Indonesia, making Niko one of the larger holders of deepwater exploration acreage.
Niko's Total Production Up 122% Exiting Third Quarter 2009
Friday, November 13, 2009Gas production from the D6 Block commenced in April 2009 and has increased Niko's total production by 122 percent compared to total production prior to start-up.
Niko Expands Exploration Acreage in Indonesia
Friday, September 11, 2009The Indonesian Government has selected Niko Resources as the successful bidder in three additional exploration blocks.
Niko Signs on to Operate First Block Offshore Trinidad
Thursday, July 09, 2009Niko has signed a deal with Centrica for a 26% interest and operatorship of the recently awarded shallow water block 2AB offshore Trinidad.
Niko Resources Posts Results for Year Ended March 2009
Tuesday, June 23, 2009Niko Resources has reported its financial and operating results for the fiscal year ended March 31, 2009.
Niko Resources Underscores D6 Drilling Operations Offshore India
Monday, May 11, 2009Niko Resources has provided an update on ongoing D6 drilling operations.
Niko, Partners Pick Up 3 Additional Exploration Blocks Offshore Indonesia
Wednesday, May 06, 2009The Indonesian government has awarded Niko and its partners three additional offshore exploration blocks, each approximately 1.2 million acres.
Niko Resources Declares Fourth Quarter Dividend
Wednesday, April 08, 2009Niko Resources Ltd. declared a fourth quarter dividend of $0.03 per share.
Niko Frees Restricted Cash
Monday, April 06, 2009The amendment will allow Niko Resources to fully fund D6 capital expenditures for the MA oil field and the Dhirubha 1 and 3 gas fields.
Reliance Fires Up Gas Production from India's KG-D6 Block
Thursday, April 02, 2009Reliance has commenced gas production from the Dhirubhai 1 and 3 discoveries of the KG-d6 block in India's Krishna Godavari Basin.
Vast, Niko Conduct Seismic Survey on Qara Dagh Block in Iraq
Thursday, March 26, 2009Vast and its partner Niko are currently conducting 2D seismic survey on the Qara Dagh Block, which covers an area of approximately 846 square kilometers and is directly adjacent to Heritage's Miran Block where Heritage recently discovered oil show.
Niko Kicks Off Seismic Program in Iraq's Kurdistan Region
Thursday, February 19, 2009Niko Resources, as operator of the Qara Dagh Block in the Kurdistan region of Iraq, has commenced a seismic acquisition program.
Niko Reviews Field Devt, Production Highlights from 2008
Friday, February 13, 2009Niko has provided a review on its field development plans and production highlights from the three and nine months ended December 31, 2008.
Canadian Authorities Investigate Niko for Improper Payments in Bangladesh
Thursday, January 15, 2009Niko has received confirmation from Canadian authorities that they are engaged in a formal investigation into allegations of improper payments in Bangladesh by either Niko or its subsidiary in Bangladesh.
Enermad, Niko Team Up to Explore Madagascar's Grand Prix Block
Thursday, December 18, 2008Enermad and Niko have completed execution of all formal documentation to finalize an exploration partnership for the Grand Prix Block in Madagascar.
Niko Adds to Exploration Portfolio with New Indonesian Acreage
Tuesday, November 18, 2008Niko Resources has acquired a new exploration block in offshore southeast Sulawesi, Indonesia covering almost 5,000 square kilometers.
Niko, Partners Nab 4 Offshore Indonesian Blocks
Friday, October 17, 2008The Indonesian government has provisionally awarded Niko Resources and its partners four blocks covering almost 20,000 square kilometers.