GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOPHR.L Share News (OPHR)

  • There is currently no data for OPHR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tanzania makes big onshore natural gas discovery - local newspapers

Thu, 25th Feb 2016 09:20

DAR ES SALAAM, Feb 25 (Reuters) - Tanzania has discovered anadditional 2.17 trillion cubic feet (tcf) of possible naturalgas deposits, raising the east African nation's total estimatedrecoverable natural gas reserves to more than 57 tcf, localmedia reported on Thursday.

The onshore reserves were found at a field licensed to theUnited Arab Emirates' Dodsal Group located at Ruvu basin inCoast region, near the country's commercial capital, Dar esSalaam, the state-run Daily News reported.

"We have learnt that there are huge potentials ofhydrocarbons in Tanzania. We expect to have more gas discoveriesin the near future," The Citizen newspaper quoted PilavulathillSurendran, CEO of Dodsal Hydrocarbons and Power (Tanzania) Ltd,as saying.

Most of the gas discoveries in Tanzania were made indeep-sea offshore blocks south of the country near the site of aplanned liquefied natural gas (LNG) plant.

BG Group, acquired by Royal Dutch Shell, along withStatoil, Exxon Mobil and Ophir Energy plan to build the onshore LNG export terminal in the southernTanzanian town of Lindi in partnership with state-run TanzaniaPetroleum Development Corp (TPDC).

East Africa is a new hotspot in hydrocarbon explorationafter substantial deposits of oil were found in Uganda and majorgas reserves discovered in Tanzania and Mozambique.

Tanzania's energy and minerals ministry is expected toconfirm the gas discovery in the next few days, the Daily Newsreported. Officials from the energy ministry and executives fromDodsal Group were not immediately reachable for comment. (Reporting by Fumbuka Ng'wanakilala; Editing by George Obulutsaand David Holmes)

More News
15 Feb 2019 14:24

Goldman Sachs Holds 6% Ophir Energy Stake After Deal (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said Friday that Goldman Sachs Group Inc holds 6.26% stake in the oil and gas exploration firm after a transaction on Tuesday.Goldman Sachs's

Read more
11 Feb 2019 13:38

Monday broker round-up

(Sharecast News) - Metro Bank: Berenberg upgrades to hold with a target price of 1,200p.

Read more
8 Feb 2019 14:29

Sand Grove Capital Management Lifts Holding In Ophir Energy To 11% (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Friday said Sand Grove Capital Management LLP increased its stake in the oil and gas exploration and production company.In a transaction on Sand

Read more
1 Feb 2019 15:50

Sand Grove Capital Management Builds 6.4% Ophir Energy Stake (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said Friday Sand Grove Capital Management Ltd had built a 6.4% stake in the oil & gas firm in a transaction on Wednesday.Sand Grove held 45.5 a

Read more
30 Jan 2019 11:57

LONDON MARKET MIDDAY: Lower Pound Propels FTSE; US Fed Decision Due

LONDON (Alliance News) - The FTSE 100 was racing ahead of European peers on Wednesday as the pound continued to trundle following last night's parliamentary Brexit vote. In the US, stocks are

Read more
30 Jan 2019 10:28

Ophir Energy agrees to Medco takeover

(Sharecast News) - Exploration and production group Ophir Energy has agreed to be taken over by Indonesia's Medco in a deal that values the company at around £390.6m.

Read more
30 Jan 2019 08:38

Ophir Energy Reaches Takeover Agreement With Indonesia's PT Medco

LONDON (Alliance News) - Ophir Energy PLC and PT Medco Energy Internasional Tbk have reached an agreement over a takeover, the latter said on Wednesday.Indonesian firm PT Medco will be 55 a

Read more
28 Jan 2019 15:46

Ophir Energy extends deadline for Medco takeover offer

(Sharecast News) - Ophir Energy has extended the deadline for Indonesian oil and gas producer Medco Energi Internasional to make a firm takeover offer or walk away from a deal, the company reported on Monday.

Read more
28 Jan 2019 10:47

Deadline Extended For PT Medco To Make Firm Offer For Ophir Energy

LONDON (Alliance News) - Ophir Energy PLC said on Monday the deadline for PT Medco Energi Internasional Tbk to firm its takeover intentions has been extended.PT Medco, an Indonesia oil and

Read more
15 Jan 2019 14:23

Ophir Energy capex comes in below forecasts

(Sharecast News) - Ophir Energy updated the market on its trading and operations for the 12 months ended 31 December on Tuesday, reporting estimated capital expenditure including pre-licence expenditures of $122m, which was below its previous guidance of $145m.

Read more
15 Jan 2019 09:30

Ophir Energy Sees 8% Rise In 2018 Production, 2019 Output To Be Lower

LONDON (Alliance News) - Ophir Energy PLC said Tuesday that it expects a substantial increase in average production for 2018 due to the integration of South East Asian assets acquired from firm is

Read more
14 Jan 2019 11:09

EXTRA: Ophir Energy Rebuffs Proposal From Indonesian Rival PT Medco

LONDON (Alliance News) - Ophir Energy PLC has rejected a possible offer from Indonesia's PT Medco Energi Internasional Tbk, the company said Monday, at a price below what was proposed in is at

Read more
14 Jan 2019 10:31

Ophir board rejects proposed Medco offer

(Sharecast News) - Ophir Energy has rejected a possible takeover offer by PT Medco Energi Global as the board feels it undervalues the company's shares.

Read more
14 Jan 2019 08:07

TOP NEWS: Ophir Energy Rejects Medco Energi's GBP343 Million Offer

LONDON (Alliance News) - Ophir Energy PLC said Monday its board unanimously rejected a takeover offer from Jakarta-listed energy company PT Medco Energi Internasional Tbk, which values the company

Read more
11 Jan 2019 14:04

UPDATE: PT Medco's Latest Proposal Lower Than Two Previous - Ophir

LONDON (Alliance News) - PT Medco Energi Internasional Tbk's possible offer for Ophir Energy PLC is well below what it proposed in October, Ophir said Friday.Earlier Friday, PT Medco if

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.