Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.
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.
BP has cancelled a planned controlled source electromagnetic (CSEM) survey off Mauritania and Senegal, that was due to be carried out by Electromagnetic Geoservices (EMGS).
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Perenco’s floating LNG (FLNG) project in Cameroon has exported 29 cargoes to date and is planning a drilling campaign, in 2020, in order to prove up additional reserves.
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
BP and Kosmos Energy have made a "major gas discovery" offshore Mauritania.
UK oilfield services firm Expro has been awarded a £16million contract to help decommission an offshore field for Malaysian operator Petronas.
Oil giant Shell has agreed two production sharing contracts with Mauritania for the exploration of two offshore blocks.
US oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
Chariot Oil & Gas said it has decided not to enter into the first renewal phase of the C-19 licence in Mauritania.
Sterling Energy said its loss widened in the first quarter of 2016, as production from its Chinguetti field in Mauritania fell due to temporary flow assurance issues.
Sterling Energy today confirmed it had completed its withdrawal from the block C-3 located offshore the Islamic Republic of Mauritania.
Sterling Energy has submitted a notice of withdrawal to its joint venture partners from Block C-3, offshore Mauritania.
Sterling Energy has confirmed a 13.5% working interest in the deepwater C-10 block offshore Mauritania.
Sterling Energy made a loss after tax of $1.6million in the third quarter of 2015, as production from its main Mauritanian asset began to decline.
Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has said it has sufficient cash to pursue additional opportunities, including prospects in Mauritania.