Senegal’s government has approved the plan to develop the Woodside Energy-led Sangomar field.
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
International arbitration is the most preferred form of dispute resolution for cross-border disputes, including in the oil and gas industry a new study has revealed.
Chinese shipyard Cosco Corporation (Singapore) has successfully won an arbitration case in the UK. The case was against a compatriot rig owner in relation to an axed $500million-plus drillship newbuild deal. A spokesman for the company said the matter related to a previous announcement in October 2013.