Andy Inglis

BP, Kosmos clash over GTA LNG sales

27/02/2023

Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. “We will not have to have sold all the gas” at final investment decision (FID), he said.

Kosmos has rejigged its exploration team, elevating Tim Nicholson and John Shinol, as part of its refocusing on ILX opportunities.

E&P

Kosmos looks for inflection, but TEN a drag

27/02/2023

By Ed Reed

“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”

FPSO moored at a dock in sunshine, seen from an aerial view

Rigs & Vessels

FPSO sailaway for BP’s GTA LNG project

23/01/2023

By Ed Reed

The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.

Man in hard hat walks up yellow stair way offshore

LNG

Kosmos in talks on LNG sales, expanding West African gas

08/11/2022

By Ed Reed

Kosmos Energy is taking steps to ramp up production by 50% by 2024 – and in the longer term scale up its West African gas projects.

Big ship with KPSO Kwame Nkrumah written on side

E&P

Kosmos turns on the cash flow spigots and looks to LNG

10/05/2022

By Ed Reed

Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.

LNG

Kosmos plans spending boost in 2021

22/02/2021

By Ed Reed

Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.

Africa

Kosmos to pay out dividend, plans energy transition shift

24/02/2020

By Ed Reed

Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.