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View all search resultsMedco Energi Global, a subsidiary of oil and gas giant Medco Energi International, reportedly clinched a deal on Wednesday to take over the United Kingdom-listed oil and gas giant Ophir Energy in a 390.6 million pound sterling ($511 million) agreement.
The Energy and Mineral Resources Ministry’s director general for oil and gas, Djoko Siswanto, told the press on Thursday that a deal to reduce the price of gas to US$7.08 per million British thermal units (mmbtu) was reached between local energy firm PT Medco E&P Malaka and Nanggroe Aceh Darussalam-based state fertilizer producer PT Pupuk Iskandar Muda (PIM).
PT Medco Power Indonesia (MPI), a subsidiary of oil and gas giant Medco Energi International, listed conventional bonds (MPI I bonds) and sukuk wakalah (MPI I Sharia-compliant bonds) on the Indonesia Stock Exchange (IDX) on Thursday, eyeing to collect Rp 1.2 trillion ($83.2 million).
Publicly listed energy firm PT Medco Energi Internasional saw its net profits fall by 31.2 percent to US$127.09 million in 2017 following an increase in its costs of sales, partly driven by the recent hike in global crude oil prices.
Publicly listed oil and gas company PT Medco Energi Internasional, through its subsidiary PT Amman Mineral Nusa Tenggara (AMNT), is set to acquire 44.3 percent of the shares of Australia-based mining contractor MacMahon Holdings.
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