|Bid||56.50 x 1159700|
|Ask||63.00 x 1114500|
|Day's Range||58.21 - 60.00|
|52 Week Range||51.00 - 93.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.19|
Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea. As the cost of land-based LNG plants more than tripled in the decade to 2013, Golar pioneered the conversion of ageing LNG tankers into giant refrigerators capable of chilling gas into its liquid form at minus 162 Celsius. By starting up the pilot floating plant in Cameroon, Golar is removing uncertainty about the risks associated with squeezing equipment into a fraction of the space occupied by an LNG plant on land, shipping analysts and industry sources say.
OPEC member Equatorial Guinea suffered a double blow this week to its ambition of revitalizing its energy industry.
Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America's deep waters. Mexican officials estimated the auction, the most important since the country's energy sector opened to foreign firms in 2014, could bring $93 billion (£65.5 billion) in investment to the country as oil firms develop the areas they won. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the results of its energy liberalisation ahead of a presidential election in July.
Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major ramped up its big bet on Latin America's deep waters. The auction raised an estimated $93 billion in investment for Mexico and was the biggest since the country's energy sector opened to foreign firms in 2014. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the results of its energy liberalisation ahead of a presidential election in July.
Mexico will on Wednesday offer foreign energy firms the right to drill beneath prized deep waters in the Gulf of Mexico that may contain billions of barrels of oil, the climax of an historic energy reform just five months before a presidential election. The auction of 29 blocks is the biggest since the government of President Enrique Pena Nieto enacted a wide-ranging reform that aimed to attract hundreds of billions of dollars of investment to turn around a state-run oil industry in decline.
Categories: Yahoo FinanceGet free summary analysis Ophir Energy Plc reports financial results for the half-year ended June 30, 2017. Highlights Summary numbers: Revenues of GBP 70.11 million, Net Earnings of GBP -67.19 million. Gross margins widened from -24.33% to 11.45% compared to the same period last year, operating (EBITDA) margins now 43.72% from 26.22%. Earnings growth from ... Read more (Read more...)
DAR ES SALAAM/NAIROBI, June 30 (Reuters) - Tanzania's parliament should pass legislation next week that would allow it to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister, Palamagamba Kabudi, told Reuters. Magufuli took office in 2015 vowing to stamp out corruption.
Equatorial Guinea has short-listed Royal Dutch Shell and oil traders Gunvor and Vitol for an off-take agreement at its Fortuna floating liquefied natural gas (FLNG) export terminal and expects to make a final decision by August, its oil minister said on Monday. Fortuna FLNG will be Africa's first deepwater floating liquefaction facility, with production capacity of 2.2 million tonnes per year and an estimated start-up in 2020. British oil and gas explorer Ophir Energy said in May it plans to borrow $1.2 billion from Chinese banks to back the development of Fortuna.
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.
Categories: Europe Stock Alerts Yahoo FinanceClick here to see latest analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Ophir Energy Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving ... Read more (Read more...)