As majors shift out of mature West African assets, new opportunities may attract large independents to enter the area.
Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have bought out Occidental Petroleum’s stake in the Jubilee and TEN fields.
Kosmos Energy has completed the sale of the vessel that will be used on the Greater Tortue Ahmeyim (GTA) LNG project to BP.
Trident Energy will begin drilling in Equatorial Guinea’s Block G on June 22, following the arrival of the Sapphire Driller rig.
Kosmos Energy is getting back to work offshore Africa, in Ghana and with three wells planned this year for Equatorial Guinea.
Petrofac has won a contract from BP for work on operational procedures at the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
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Kosmos Energy has appointed two former Cobalt International Energy executives to run its exploration business.
Qatar Petroleum (QP) has struck a deal to work with Shell at two blocks offshore Namibia.
Shell’s Nigerian production fell to 223,000 barrels of oil equivalent per day in 2020, with the company blaming security issues, sabotage and theft.
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
The Guyana-Suriname basin is helping drive a “surge” of oil rig demand in South America, bucking the global trend of depressed activity, according to new analysis.
The Grand Tortue Ahmeyim gas field development, straddling the offshore waters of Mauritania and Senegal, is expected to produce its first gas in 2023 following delays related to the coronavirus pandemic, according to Senegal’s Oil Minister Sophie Gladima.
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Ghana’s Ministry of Energy has called for Eni and Springfield Exploration and Production to begin a process of unitisation covering the companies’ Sankofa and Afina finds.
Kosmos Energy has cut spending for a second time in a month and confirmed delays at the Tortue LNG project, where it works with BP.
BP has declared force majeure on its Tortue LNG project with Golar LNG, saying it would not be ready to receive the floating unit in 2022 as a result of the coronavirus pandemic.
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
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.
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.