Indonesian oil and gas group Medco Energi Internasional has been given more time to decide whether it will proceed with the proposed takeover of Ophir Energy, or not.“At the request of Ophir, the Takeover Panel has consented to an extension…
London-listed Ophir Energy has suffered a major setback on its offshore investment plan in Equatorial Guinea after the country's Ministry of Mines and Hydriocarbons (MMH) declined the company's request to extend Block R licence that expired on December 31…
London-based oil and gas exploration and production company Ophir Energy said that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery…
Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi.'On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released…
Medco Energi Internasional Tbk PT would boost its valuations and gain access to international assets if its potential takeover of London-listed Ophir Energy occurs, analysts said on Wednesday.Medco confirmed this week that it was in talks with…
Britain's Ophir Energy said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia's Medco Energi Internasional Tbk PT.Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa…
Ophir Energy said it is still awaiting a response from Equatorial Guinea's Ministry of Mines and Hydrocarbons (MMH) with regards to its request for an extension of the Block R licence, where Africa's first deepwater independent floating liquefied natural gas (FLNG) project is planned…
U.K.-based Ophir Energy announced Friday its Paus Biru-1 exploration well in Sampang PSC offshore Indonesia has resulted in a gas discovery.The well was drilled to a total measured depth (MD) of 710 meters and encountered 29 meters of estimated…
Elaine Maslin looks at some of the ongoing and proposed FLNG projects around the globe (First published in the December 2017 OE, access the full issue here). West Africa has seen a good amount of floating LNG project activity this year with three developments underway…
Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP…
Independent oil firm African Petroleum has applied to enter a second renewal period at the Senegal Offshore Sud Profond (SOSP) production sharing contract (PSC). The firm is also hoping to swap a commitment to drill a well for a 3D seismic…
Infield Systems’ Catarina Podevyn surveys the FPSO market and discusses recent projects awards. The John Evans Atta Mills MV25 FPSO, operating at Tullow’s TEN project, offshore Ghana. Photo from MODEC…
Statoil has contracted rig firm Seadrill Offshore for up to nine wells offshore Brazil, starting on its BM-S-8 license in the Santos Basin. Seadrill will provide the drillship West Saturn, with services on board by Seadrill Serviços de Petroleo Limitada…
Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…
ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…