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.
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.
BP has reported success at its Orca-1 well offshore Mauritania, finding gas in numerous sands, including a deeper target.
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 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.
The US Gulf of Mexico is making a comeback this year.
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.
Dallas-headquartered Kosmos Energy has entered the Gulf of Mexico with a £942million acquisition.
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 Energy has clinched a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.
Africa and South America focused oil firm Kosmos Energy has reported a £37 million loss for the first quarter of 2018.
Dallas-based Kosmos Energy suffered a widening of losses in the third quarter of 2017.
Kosmos Energy said today that tests on the Tortue-1 well prove that the discovery off West Africa is "world class".