Niko Resources Company News

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KrisEnergy Spuds Bangora-6 Development Well in Bangladesh's Block 9
KrisEnergy commences drilling of Bangora-6 development well in onshore Block 9 in the Bangora field, Bangladesh.
8:00 PM EST | September 04, 2016
ICSID Orders Petrobangla to Pay Niko $35M It Owed for Gas Deliveries
Niko 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.
8:00 PM EST | May 30, 2016
Reliance Said To Revive Offshore India Gas Project By End-2017
Reliance 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.
8:00 PM EST | May 26, 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 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
Niko Receives India's Offshore Block D6's MJ Discovery Resources Report
Niko Resources receives independent resources evaluation report on the MJ discovery in Block D6 offshore India from Deloitte.
8:00 PM EST | April 05, 2015
Canada's Niko Resources Says Evaluating Plans For India Assets
Niko 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.
7:00 PM EST | November 13, 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
Niko Gets Approval to Sell Stake in Trinidad & Tobago's Block 5(c) to BG
Niko 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.
8:00 PM EST | June 12, 2014
KG D6 Block JV Issues Arbitration Notice to Government of India
The 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.
8:00 PM EST | May 13, 2014
Canada's Niko Raises 'Going Concern' Doubt, Shares Plunge
Niko Resources lost more than half its market value after it raised "significant" doubt about its ability to continue as a going concern.
7:00 PM EST | November 14, 2013
Diamond Profit Beats Estimates, but Rig Delays Weigh on Shares
Diamond 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.
8:00 PM EST | October 23, 2013
Niko Reports on Developments at its Indonesia, Madagascar PSCs
Niko Resources provides an update on its Production Sharing Contracts in Indonesia and Madagascar.
8:00 PM EST | September 01, 2013
Niko Finds Tribunal Ruling on Chattak Blow-Out Positive for Company
Niko Resources finds a ruling by an international tribunal on the 2005 Chattak well blow-outs in Bangladesh to be positive for the company.
8:00 PM EST | August 21, 2013
Niko Abandons Elang-1 Exploration Well in Cendrawasih PSC
Niko Resources encounters no commercial reservoir pay zones when the Elang-1 well was drilled in the Cendrawasih Production Contract off eastern Indonesia.
8:00 PM EST | August 14, 2013
Reliance Makes Gas Condensate Discovery Offshore India
A significant gas condensate discovery was made in the deepwater KG D6 Block, offshore India, by partners Reliance, BP and NIKO.
8:00 PM EST | May 23, 2013
Niko to Spud Kutei Well Offshore Indonesia
The 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.
8:00 PM EST | March 19, 2013
Niko Spins Bit at Indonesia Well
Niko Resources Ltd. announced the spudding of the Ajek-1 well in the Kofiau block in Indonesia.
7:00 PM EST | December 12, 2012
India Asks Reliance, BP to Provide East Coast Block Accounts
India'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.
8:00 PM EST | July 16, 2012
Rowan Jackup Spuds Shadow Prospect
The Rowan Gorilla III offshore rig has spud the Shadow-1 prospect on the 2(ab) block, in Trinidad.
8:00 PM EST | June 11, 2012
Niko Notes Credit Facility
Niko Resources has entered into an agreement for credit facilities totaling $250 million.
7:00 PM EST | January 16, 2012
Niko Wins Operatorship Offshore Indonesia
Niko has been awarded two new PSCs Production Sharing Contracts in Indonesia.
7:00 PM EST | November 21, 2011
Niko, Diamond Offshore Pen Indonesia's 'Largest' Deepwater Contract
Niko Resources has signed with Diamond Offshore the largest deepwater exploration contract in the history of Indonesia.
7:00 PM EST | November 07, 2011
Niko Makes Oil Find at Qara Dagh Block
This interval from 3,558 meters to 3,908 meters was acidized and flowed light oil confirming an active hydrocarbon column.
8:00 PM EST | July 10, 2011
Niko Updates Financial, Operational Results for Year-End
Niko 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.
8:00 PM EST | June 28, 2011
Niko Can Increase Stake by 30% in India Block
Niko 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.
7:00 PM EST | February 21, 2011
Niko, Repsol Seal Farmout Deal in Indonesia
Niko 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.
7:00 PM EST | January 13, 2011
Sonde Sells Trinidad and Tobago Interest to Niko
Sonde 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.
7:00 PM EST | December 21, 2010
Niko Signs 4 New Indonesian Blocks
Niko announced the signing of four new Production Sharing Contracts with the Government of Indonesia for four blocks.
8:00 PM EST | May 17, 2010
Niko Completes Acquisition of Voyager Energy
Niko 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.
8:00 PM EST | March 25, 2010
Niko Enters into Acquisition of Voyager Energy
Niko Resources has entered into an Arrangement Agreement with Voyager Energy Ltd. whereby Niko will acquire all of the outstanding shares of Voyager.
7:00 PM EST | February 07, 2010
New Director Onboard at Niko Resources
Don 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.
7:00 PM EST | January 05, 2010
Niko Updates on International E&P Activities
Niko Resources has provided an exploration update for its international upstream oil and gas activities.
7:00 PM EST | January 05, 2010
Niko to Snap Up Major Interest in Indonesian Deep Waters
Upon 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.
7:00 PM EST | November 17, 2009
Niko's Total Production Up 122% Exiting Third Quarter 2009
Gas 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.
7:00 PM EST | November 12, 2009
Niko Expands Exploration Acreage in Indonesia
The Indonesian Government has selected Niko Resources as the successful bidder in three additional exploration blocks.
8:00 PM EST | September 10, 2009
Niko Signs on to Operate First Block Offshore Trinidad
Niko has signed a deal with Centrica for a 26% interest and operatorship of the recently awarded shallow water block 2AB offshore Trinidad.
8:00 PM EST | July 08, 2009
Niko Resources Posts Results for Year Ended March 2009
Niko Resources has reported its financial and operating results for the fiscal year ended March 31, 2009.
8:00 PM EST | June 22, 2009
Niko Resources Underscores D6 Drilling Operations Offshore India
Niko Resources has provided an update on ongoing D6 drilling operations.
8:00 PM EST | May 10, 2009
Niko, Partners Pick Up 3 Additional Exploration Blocks Offshore Indonesia
The Indonesian government has awarded Niko and its partners three additional offshore exploration blocks, each approximately 1.2 million acres.
8:00 PM EST | May 05, 2009
Niko Resources Declares Fourth Quarter Dividend
Niko Resources Ltd. declared a fourth quarter dividend of $0.03 per share.
8:00 PM EST | April 07, 2009
Niko Frees Restricted Cash
The amendment will allow Niko Resources to fully fund D6 capital expenditures for the MA oil field and the Dhirubha 1 and 3 gas fields.
8:00 PM EST | April 05, 2009
Reliance Fires Up Gas Production from India's KG-D6 Block
Reliance has commenced gas production from the Dhirubhai 1 and 3 discoveries of the KG-d6 block in India's Krishna Godavari Basin.
8:00 PM EST | April 01, 2009
Vast, Niko Conduct Seismic Survey on Qara Dagh Block in Iraq
Vast 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.
8:00 PM EST | March 25, 2009
Niko Kicks Off Seismic Program in Iraq's Kurdistan Region
Niko Resources, as operator of the Qara Dagh Block in the Kurdistan region of Iraq, has commenced a seismic acquisition program.
7:00 PM EST | February 18, 2009
Niko Reviews Field Devt, Production Highlights from 2008
Niko has provided a review on its field development plans and production highlights from the three and nine months ended December 31, 2008.
7:00 PM EST | February 12, 2009
Canadian Authorities Investigate Niko for Improper Payments in Bangladesh
Niko 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.
7:00 PM EST | January 14, 2009
Enermad, Niko Team Up to Explore Madagascar's Grand Prix Block
Enermad and Niko have completed execution of all formal documentation to finalize an exploration partnership for the Grand Prix Block in Madagascar.
7:00 PM EST | December 17, 2008
Niko Adds to Exploration Portfolio with New Indonesian Acreage
Niko Resources has acquired a new exploration block in offshore southeast Sulawesi, Indonesia covering almost 5,000 square kilometers.
7:00 PM EST | November 17, 2008
Niko, Partners Nab 4 Offshore Indonesian Blocks
The Indonesian government has provisionally awarded Niko Resources and its partners four blocks covering almost 20,000 square kilometers.
8:00 PM EST | October 16, 2008