Search results for: Nido

788 results

A list of search results

  • 4 August 2014
    Business & Finance

    Australia’s Nido Petroleum directors have recommended their shareholders to accept a takeover bid by BPC Energy International, a subsidiary of the Thai-based Bangchak Petroleum Public Company Limited.   Nido Petroleum Limited (Nido) and BCP Energy International Pte. Ltd (BCPE) have executed a bid implementation deed  in relation to an off-market takeover offer (the Offer) for […]

  • 22 December 2011
    Business & Finance

    Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited , and Total have executed a Joint Study and Bid Agreement (‘JSBA’) to evaluate exploration acreage released in the Philippines Energy Contracting Round No. 4 (‘PECR4’) by the Philippine Department of Energy (‘DOE’). On behalf of partner Total, Nido will undertake technical and commercial […]

  • 12 December 2014
    Business & Finance, Project & Tenders

    Otto Energy has executed a deal with Nido Petroleum to sell Galoc Production Company (GPC),  the holder of Otto’s 33% stake in the Galoc oil field, located in Service Contract 14 C1 offshore the Philippines. To remind, Otto Energy on September 22, 2014 said it had executed a sale and purchase agreement to divest 100% of the […]

  • 25 October 2010
    Business & Finance

    Nido Petroleum Limited announces that it has entered into an agreement with Shell Philippines Exploration B.V. (“Shell”), a subsidiary of the Royal Dutch Shell Group, to farm-out 27% out of its current 60% participating interest in the highly prospective Service Contract 54 Block B (“SC 54B”) in the NW Palawan Basin, Philippines. Highlights of the […]

  • 28 March 2014
    Business & Finance

    Nido Petroleum has informed that the sales deal between the company and Colossal Petroleum for the non-core assets offshore the Philippines has fallen through. The company said that the Sale and Purchase Agreements entered into between Nido and Colossal Petroleum Corporation with respect to Nido’s participating interests in Service Contract 54A and Block A, Block […]

  • 9 June 2011
    Business & Finance, Project & Tenders

    Nido Petroleum Limited , on behalf of the SC 54B Joint Venture, provides the following update on the Gindara-1 well. The 9 5/8” casing has been successfully run to the casing setting depth of 3,337.6 metres MD (3,315.6 metres TVDss). The 9 5/8” casing is currently being cemented in-place. Following completion of casing operations, the […]

  • 16 May 2011
    Business & Finance, Project & Tenders

    Nido Petroleum Philippines Pty Ltd (wholly owned subsidiary of Nido Petroleum Limited; on behalf of the SC 54B Joint Venture,  announces that the ‘Atwood Falcon’ deepwater semi-submersible drilling rig was mobilized from Labuan, Malaysia at 01:00 hours on 14 May 2011 and is due to arrive at the Gindara-1 location in the Philippines on or […]

  • 20 January 2015
    Business & Finance, Project & Tenders

    Otto Energy’s board of directors has approved the sale of the oil company’s stake in the Galoc Production Company (GPC).  GPC is the holder of Otto’s 33% interest in the Galoc oil field, located in Service Contract 14 C1, offshore the Philippines. The company said in a statement that the resolution to approve the sale of shares […]

  • 28 June 2013

    Nido Petroleum Limited has executed three separate Farm-in Agreements with Lundin Petroleum B.V. to participate in the Gurita, Baronang and Cakalang PSCs located in the Penyu and West Natuna basins, offshore in the Republic of Indonesia. Under the terms of the Baronang and Gurita Farm-in Agreements, Nido will earn a 10% participating interest in each […]

  • 31 May 2012
    Business & Finance

    Nido Petroleum Limited announces that Mr. Philip Byrne, Chief Executive Officer, has been appointed to the position of Managing Director with effect from 1 June 2012. Mr. Byrne joined Nido on 29 December 2011 as Chief Operating Officer, and was promoted to Chief Executive Officer on 20 January 2012. He has a Master’s Degree in […]

  • 12 June 2013
    Business & Finance

    Nido Petroleum Limited, the Australia Stock Exchange-listed oil and gas exploration company has requested an immediate trading halt over the Company’s shares (ASX Code: NDO). The company explained that the trading halt was  necessary to enable Nido to make an announcement in response to “media speculation in relation to the West Linapacan oil field re-development.” […]

  • 16 June 2011
    Business & Finance

    Petroleum Limited , on behalf of the SC 54B Joint Venture, announced the following update on the Gindara-1 well. On 16 June 2011, the current operation was drilling ahead in the Nido Limestone. Since the last drilling update on 14 June 2011, the Logging Whilst Drilling (LWD) logging tool and the drill bit have been […]

  • 14 June 2011
    Business & Finance, Project & Tenders

    Nido Petroleum Limited , on behalf of the SC 54B Joint Venture,  provided the following update on the Gindara-1 well. As of 6.00 am (WST) on 14 June 2011, following completion of the 9 5/8” casing operations, the Gindara-1 well has now been drilled from 3,345 metres MD (3,323 metres TVDss) to 3,384 metres MD […]

  • 1 May 2015
    Business & Finance

    Nido Petroleum Limited, an Australian oil and gas company with focus on southeast Asia, has confirmed that Phil Byrne is no longer the Managing Director at the company and that Nido now has a shortlist of candidates for this role.  Nido previously informed of Byrne’s resignation on March 12, 2015. According to the company, a […]

  • 4 March 2013

    Nido Petroleum Limited has ceased negotiations with Viking Energy Holdings 2 Limited (Viking) in relation to a potential farm-in in respect of Service Contract 54A, offshore Philippines. Nido and the SC 54A Joint Venture Participants are continuing to work with the SC 14A Joint Venture in relation to a possible development of the Nido 1X1 […]

  • 30 January 2011
    Business & Finance

    Nido Petroleum Philippines Limited (‘Nido), on behalf of the SC 54B Joint Venture, announced that the Shell Philippines Exploration BV (‘SPEX’) farm-in to Nido and Kairiki’s interests in SC 54B was formally approved by the Philippine Department of Energy (‘DOE’) on 25 January 2011. Approval of the SC 54B Farm-in by the DOE is the […]

  • 25 November 2013
    Business & Finance

    Nido Petroleum Limited has sold its non-core assets in the Philippines to Colossal Petroleum Corporation.   Miro Advisors assisted the company with the sale process. Nido has signed sales agreements in relation to its participating interests in Block A, Block B, Block B Retention and Block D Retention of Service Contract 14 together with its participating interest in Service […]

  • 11 September 2012
    Business & Finance

    Nido Petroleum Limited has announced that the Galoc Joint Venture has approved the Final Investment Decision (FID) on the Phase II Development of the Galoc oil field in the North West Palawan Basin, offshore Philippines. Nido’s participation in the FID is subject to completion of certain conditions precedent under its debt facility with Standard Bank, […]

  • 22 June 2012
    Business & Finance, Operations & Maintenance

    Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Operator of Service Contract 54, on behalf of the SC 54A and SC 54B Joint Venture Partners, wishes to advise that the Philippines Department of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12) months from 4 August […]

  • 22 September 2010
    Project & Tenders

    Nido Petroleum Limited  on behalf of the SC 58 Joint Venture,  provides the preliminary results of the deepwater sea-bed coring program completed in the NW Palawan basin in April 2010. Highlights of the preliminary interpretation and geochemical analysis of the acquired core data are as follows: • The majority of core data indicates widespread micro-seepage […]

  • 17 November 2011
    Business & Finance

    Nido Petroleum Limited today provided the results of an independent reserves audit of the Galoc oil field up to 30 June 2011 undertaken by Gaffney Cline and Associates (‘GCA’) on behalf of Nido. Nido has a 22.88% Participating Interest in the Galoc oil field in Service Contract 14C1 and has historically conducted its own independent […]

  • 24 April 2014
    Business & Finance

    Nido Petroleum Limited has informed that the first stage of the farm-out process with Dragon Oil Plc involving the transfer of a 40% Participating Interest in Service Contract 63, offshore the Philippines, has been approved by the Department of Energy. Nido is now focusing on the second stage of the farm-out process, which subject to certain approvals being […]