Ophir Energy Company News

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Medco Raises Offer for Ophir Takeover
Thursday, March 21, 2019 Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.

Ophir Agrees to $511MM Takeover Deal by Medco
Wednesday, January 30, 2019 Indonesian company Medco has won its takeover deal for Ophir Energy at 55 pence per share.

Ophir Grants Deadline Extension in Medco Takeover Bid
Monday, January 28, 2019 Ophir Energy has given Medco a deadline extension on its takeover offer.

Ophir Energy's Board Rejects Medco's Takeover Proposal
Tuesday, January 15, 2019 Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

Medco in Talks to Potentially Take Over Ophir Energy
Wednesday, January 02, 2019 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.

Equatorial Guinea LNG Project Stumbles As Schlumberger Quits
Thursday, May 31, 2018 Schlumberger has decided to withdraw due to problems with the project's financing, Ophir says.

Ophir Energy Cuts Cost; Eliminates Staff
Wednesday, July 12, 2017 British oil and gas explorer cuts 15% of its global workforce as it "right sizes" for new FLNG Project.

Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
Thursday, June 29, 2017 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.

Ophir to Borrow $1.2B from Chinese Banks for Fortuna Floating LNG
Monday, May 08, 2017 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.

Ophir Holdings, OneLNG to Establish JOC for Fortuna Project
Thursday, November 10, 2016 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.

Shell Commences Drilling Program in Tanzania
Thursday, November 03, 2016 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.

Ophir Says Two Bidders In The Fray For Fortuna Contract
Thursday, September 15, 2016 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.

Ophir Energy Prepares for 'Prudent' Exploration Drilling Campaign
Thursday, September 15, 2016 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.

Ophir Energy Commences Oil, Gas Production in Indonesia, Thailand
Tuesday, September 13, 2016 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.

Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Friday, April 29, 2016 Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.

Cote d'Ivoire Approves Ophir's Acquisition of 45% Stake in Block CI-513
Friday, March 11, 2016 Cote d'Ivoire approves Ophir Energy's acquisition of a 45 percent stake in offshore Block CI-513.

Niko Closes Sale of North Ganal PSC Offshore East Kalimantan to Ophir
Thursday, February 11, 2016 Niko Resources closes sale of the North Ganal production sharing contract located offshore East Kalimantan, Indonesia to Ophir Energy.

Ophir Energy Appoints New Chairman
Wednesday, January 27, 2016 Ophir Energy plc appoints a new chairman following Nicholas Smith's decision to retire.

Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 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.

Ophir Energy Exits Three Blocks Offshore Seychelles
Monday, January 18, 2016 Ophir Energy exits from three blocks offshore Seychelles that it farmed-in to in March 2014.

Ophir Energy Appoints New Regional Directors
Wednesday, January 13, 2016 Ophir Energy appoints 2 new regional directors, Dr. John Bell and Dr. Oliver Quinn, with immediate effect.

Ophir Signs Agreements to Sell LNG from E. Guinea's Fortuna FLNG Project
Wednesday, December 09, 2015 Ophir Energy signs agreements to sell liquefied natural gas from the Fortuna FLNG project in Block R, offshore Equatorial Guinea.

Ophir Energy Said to Receive Merger Interest amid Oil Slump
Wednesday, November 25, 2015 Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.

Tullow, Ophir Cut CAPEX amid Continued Low Oil Price
Wednesday, November 11, 2015 Africa-focused oil and gas companies, Tullow Oil and Ophir, cut their capital expenditure for 2016 following a continued low oil price.

Ophir Drills Dry Well in the Gulf of Thailand
Monday, November 02, 2015 Ophir Energy drills dry well at Block G4/50 in the western Gulf of Thailand.

Ophir Commences Drilling Program in Gulf of Thailand's Block G4/50
Thursday, October 22, 2015 Ophir Energy commences a two well drilling program in Block G4/50 in the Gulf of Thailand.

Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016
Tuesday, July 21, 2015 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.

Ophir Awards Upstream FEED Deals for E.Guinea's Fortuna FLNG Project
Thursday, July 09, 2015 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.

Ophir's Plans for 2015 Remain on Track
Monday, July 06, 2015 Ophir Energy's production target remains on track after the company averaged 14,600 barrels per day during 1H 2015.

Polish Billionaire Kulczyk Puts Stake In Ophir Energy On Market
Wednesday, April 29, 2015 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.

Ophir Energy Completes Acquisition of 4 Deepwater PSCs in Indonesia
Tuesday, April 28, 2015 Ophir Energy completes acquisition of four deepwater production sharing contracts in eastern Indonesia.

WorleyParsons Lands Deal for Ophir's Fortuna Project in Equatorial Guinea
Monday, April 13, 2015 WorleyParsons lands deal to provide engineering and project management services to Ophir Energy for the Fortuna Project offshore Equatorial Guinea.

Dolphin Geophysical Commences Seismic Survey for Ophir Energy Off Myanmar
Thursday, March 26, 2015 Dolphin Geophysical commences seismic acquisition offshore Myanmar for Ophir Energy.

Ophir Returns to Profit and Cuts Spending
Thursday, March 19, 2015 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.

WHL Energy Upbeat About Junon Resources Potential offshore Seychelles
Thursday, March 05, 2015 WHL Energy says seismic data indicates that Junon Central and Junon South East in Seychelles may hold prospective resources of around 200 million barrels.

Sona Petroleum Scraps Plans to Buy Stake in Salamander's Thai Assetss
Wednesday, January 14, 2015 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.

Ophir Energy Inks PSC for Block AD-03 in Myanmar's Rakhine Basin
Monday, December 08, 2014 Ophir Energy inks production sharing contract with the Myanmar Ministry of Energy for Block AD-03 in the Rakhine Basin offshore Myanmar.

Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Wednesday, November 26, 2014 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.

Salamander Backs Ophir Takeover Offer
Monday, November 24, 2014 UK oil and gas explorer Ophir Energy says its $418-million takeover of Salamander Energy has been recommended by the target firm's board.

CEPSA Says no Longer Interested in Buying Salamander Energy
Monday, November 17, 2014 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.

Salamander Confirms Receiving Ophir's Takeover Proposal
Monday, October 27, 2014 Salamander Energy confirms receiving a conditional proposal from Ophir Energy regarding a potential offer for the company, .

Ophir Agrees to Acquire 7 Deepwater Blocks in Indonesia from Niko for $31M
Monday, October 27, 2014 Ophir Energy pens deal to acquire seven deepwater blocks in Indonesia from Niko Resources for $31 million.

Ophir Energy Expands Offshore Gabon Footprint
Friday, October 24, 2014 Ophir Energy acquires two more blocks for exploration and production offshore Gabon.

Ophir CFO to Leave Company in Cost-Saving Move
Friday, October 17, 2014 Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.

WHL Gets Seychelles Seismic Data, Farming-out Permit VIC/P67 Off Australia
Thursday, October 16, 2014 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.

Ophir Makes Gas Discovery at Kamba-1 Well in Tanzania's Offshore Block 4
Thursday, October 02, 2014 Ophir Energy finds gas at the Kamba-1 well in Block 4 offshore Tanzania.

Ophir Finds Gas at Silenus East-1 Well in Equatorial Guinea's Block R
Tuesday, September 16, 2014 Ophir Energy finds gas at Silenus East-1 well in Equatorial Guinea's offshore Block R.

High Gas-Flow Tests Boost BG's Tanzania LNG Plans
Wednesday, August 27, 2014 BG Group says encouraging results from its latest test drill offshore Tanzania increases chances to develop an onshore LNG project in the country.

M/V Polar Duchess Completes Seychelles 3D Seismic Survey
Tuesday, July 29, 2014 WHL Energy says the M/V Polar Duchess vessel has completed 3D seismic survey at exploration blocks offshore Seychelles.

Ophir Comes up Dry Offshore Gabon
Thursday, June 26, 2014 Ophir reports that its Okala-1 well, targeting pre-salt Cretaceous sands offshore Gabon, fails to find hydrocarbons.