Offshore

Ophir Energy Rejects Medco's $437 Million Takeover Offer

Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.

Jan 14 2019 - 7:25am

Medco Energi Could Offer Roughly $436 Million For Britain's Ophir

Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.

Jan 11 2019 - 7:40am

DNO Raises Faroe Petroleum Bid To $816 Million

Norwegian oil company DNO raised its bid for Britain's Faroe Petroleum after its hostile bid in November as inadequate and "opportunistic."

Jan 8 2019 - 3:45pm

Canyon Capital Advisors Warns It Will Oppose Rowan Sale To Ensco

Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.

Jan 7 2019 - 2:35pm

DNO Adds To Faroe Petroleum Stake In Hostile Takeover Saga

DNO's combined ownership and bid acceptances now stands at 43.8%, up from about 43% but still short of a controlling stake in British independent oil and gas company Faroe Petroleum.

Jan 4 2019 - 7:30am

Eni To Boost Alaska Production Following Offshore Acquisition

Eni agreed to acquire 70% working interest plus operatorship in the Oooguruk oil field in the Beaufort Sea located off Alaska’s North Slope coast from an affiliate of Caelus Energy.

Jan 3 2019 - 11:20am

Shell Completes New Zealand Exit With $578 Million Sale To OMV

The sale to OMV, which is part of Shell’s three-year program to dispose of $30 billion by the end of 2018, included the company’s Māui, Pohokura and Tank Farm assets in New Zealand.

Dec 28 2018 - 8:35am

Year Of Consolidation Highlights 2018 Oil And Gas Deal Making

Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.

Dec 28 2018 - 7:00am

Hess Sees Oil Output Growing Driven By Bakken, Offshore Guyana Projects

Hess expects oil output to grow more than 10% per year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.

Dec 12 2018 - 3:00pm

Total Wins Contracts For Two Offshore Blocks In Mauritania

French energy company Total has strengthened its position in Mauritania by winning contracts for two new exploration blocks deep offshore.

Dec 12 2018 - 7:35am

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