Kosmos plans spending boost in 2021
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Kosmos Energy
Panoro buys Tullow stakes in Gabon, EG
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Guyana-Suriname sees rig ‘demand surge’ as region bucks global trend
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.
Senegal sees 2023 start for BP-backed LNG project
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 wins £39m of new contracts, confirms rig scrapping plan
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
Kosmos scraps Mauritania, Senegal sale plans
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 farms into Kosmos portfolio
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Kosmos sales slide despite hedges
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Eni, Springfield face compulsory unitisation
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 takes a second slice off capex
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 hits force majeure brakes at Tortue LNG
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 to lean on BP at Tortue LNG
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
Kosmos to pay out dividend, plans energy transition shift
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.
Pompeo talks energy and corruption in Africa
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.
Kosmos boosts 1P reserves with BP deal
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.
Trident kicks off 4D shoot in EG
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.
BP touts three for three offshore Mauritania, Senegal
BP has reported success at its Orca-1 well offshore Mauritania, finding gas in numerous sands, including a deeper target.
Equatorial Guinea offers ExxonMobil short extension
Equatorial Guinea expects $1.4 billion to be invested in the country in the 2020 fiscal year, with a mix of exploration and appraisal drilling.
Springfield celebrates one for one in Ghana
Springfield Exploration and Production has discovered 50 metres of light net oil pay at its Afina-1 well, with gross thickness of 65 metres, offshore Ghana.
Gulf of Mexico looking good for comeback
The US Gulf of Mexico is making a comeback this year.
BP announces FID for African LNG development
BP and its partners on the Greater Tortue Ahmeyim liquified natural gas (LNG) development have announced agreement on the Final Investment Decision (FID) for Phase 1 of the project.
Kosmos enters Gulf of Mexico with £942million acquisition
Dallas-headquartered Kosmos Energy has entered the Gulf of Mexico with a £942million acquisition.
‘Stability issues’ force Kosmos to redrill Suriname well
US oil firm Kosmos Energy said today that it would redrill a well off Suriname after encountering "shallow bore hole stability issues" with its first effort.
Ophir farms out Equatorial Guinea licence to Kosmos
Ophir Energy has clinched a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.
Kosmos Energy post £37 million loss for Q1
Africa and South America focused oil firm Kosmos Energy has reported a £37 million loss for the first quarter of 2018.