Equatorial Guinea dishes out licences
Equatorial Guinea has preliminarily awarded nine blocks in its EGRonda 2019 licence round, announcing the results at the Gas Exporting Countries Forum (GECF) under way this week in Malabo.
Ophir Energy
Ophir board brings in Marathon Oil director
Ophir Energy has appointed a director of US firm Marathon Oil.
Ophir board rejects Medco takeover offer
The board at London-listed oil firm Ophir Energy has rejected a takeover offer from Indonesian company Medco.
Ophir shares jump amid takeover talks
Shares in Ophir Energy climbed rapidly after the London-based exploration and production firm confirmed talks with a potential new owner.
Ophir Energy chief to step down from post
Ophir Energy's chief executive is to step down from the company’s board with immediate effect.
Ophir exits Cote d’Ivoire block, sheds 15% of workforce
London-headquartered oil firm Ophir Energy today revealed its decision to relinquish a licence in Cote d'Ivoire.
Ophir Energy targets Fortuna investment decision
Ophir Energy is targeting a final investment decision for its Fortuna FLNG Project in Equatorial Guinea.
Ophir Energy picks Gunvor as buyer for Fortuna LNG
London-based Ophir Energy said today that Gunvor had been selected as the preferred buyer of LNG for offtake from the Fortuna project off Equatorial Guinea.
Ophir says job cuts will save $12m a year
Ophir Energy said today that it would save $10-$12million a year by laying off 15% of its global workforce.
Ophir Energy cuts COO position to reduce costs
Ophir Energy’s chief operating officer role is to be cut as part of the company’s cost cutting measures.
Ophir agrees new $250m facility
Ophir Energy has signed a new $250million loan secured against the Group's producing assets in south-east Asia.
Fortuna FLNG vessel conversion contract handed to Keppel
Ophir Energy said today that construction contracts had been awarded for the conversion of a vessel for its Fortuna FLNG project offshore Equatorial Guinea.
Ophir close to decision on Africa’s first deepwater FLNG project
Ophir Energy said today that it had taken another step towards a final investment decision (FID) on Africa's first deepwater floating liquefied natural gas (FLNG) project.
Drilling starts on Shell-owned blocks off Tanzania
An $80million exploration drilling campaign started today on two blocks operated by Shell off the coast of Tanzania.
Ophir to take advantage of low costs and kick-start drilling
Ophir Energy today said it would capitalise on the low cost environment by restarting its drilling campaign.
Ophir Energy celebrates first production from Kerendan
Ophir Energy today marked first production from its Kerendan field in Indonesia.
Sound Energy lands $1.1million from Ophir
Sound Energy has received a $1.1 million cash boost from Ophir Energy after Ophir hit operational targets on the Bangkanai licence previously owned by Sound.
Ophir Energy reports pre-tax operating loss of $376m
Ophir Energy’s chief executive said the upstream model of the past 10 years was “clearly broken” as the company reported a pre-tax operating loss of $376million.
Ophir pulls out of farm-out agreement in Seychelles
Ophir Energy has chosen to exit a farm-out agreement of a number of blocks in the Seychelles.
African Petroleum and Ophir Energy strike production sharing deal
African Petroleum has signed a new production sharing contract with Ophir Energy covering the company’s CI-513 licence area in Cote d’Ivoire. The new contract means Ophir Energy has a 45% interest and is operator of the asset while African Petroleum holds a 45% interest and the regions National Oil company the remaining 10%. Ophir Energy will make a $16.9million contribution towards African Petroleum’s back costs in relation to the block.
Ophir to abandon well in the Gulf of Thailand
Ophir Energy said it encountered oil after completing operations on a wildcat exploration well in the Gulf of Thailand, but it was below the threshold for economic viability.
Ophir Energy on track to reduce capital expenditure in 2016
Ophir Energy said it will continue to reduce its capital expenditure and cost base into the next year as it looks to strengthen its balance sheet. The company, which said it was edging closer to agreement on the Fortuna project off Equatorial Guinea, expects its capital expenditure for 2015 to be around $250million.
Ophir Energy comes up dry at Soy Siam prospect
Ophir Energy has completed operations on a wildcat exploration well on the Soy Siam prospect after it came up dry. The company said well reached a total depth of 1,627metres and encountered primary Miocene reservoir targets on prognosis in terms of quality and depth. However all reservoirs were dry and no hydrocarbons were encountered and the well has since been plugged and abandoned.
Ophir Energy hits dry wells in Tanzania
Ophir Energy has hit a number of dry wells in some of its Tanzanian offshore assets. The company said the Tende-1, which was drilled in East Pande by the Deepsea Metro I drillshop had shown no moveable hydrocarbons in the prospect. Initial gas traces had been captured in the upper strata of the primary objective.