Woodside FPSO arrives as Capricorn eyes the clock
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Sangomar
Capricorn receives tax notice on Senegal exit
Capricorn will “vigorously defend” its position, it said. This may include “exercising rights under the sales agreement”, it said.
Woodside to apply lessons from Sangomar to Scarborough
Travel restrictions have eased, she said, and the company sees a need for quality control work. “We do understand the reasons for the remedial work – and we’re taking actions for Scarborough.”
Woodside reports “extremely difficult” quarter
In the first quarter, Woodside reported an average portfolio sales price of $85 per boe. In the second quarter, this fell to $63.
Woodside sees higher costs, delays at Sangomar
Woodside did not identify the cause of the FPSO problems. It struck a deal for a 100,000 barrel per day vessel from Modec in January 2020.
BP tipped to reach next Senegal FID this year
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
Woodside celebrates next Sangomar step
Companies building the Sangomar FPSO have completed their work, keeping the Senegalese field on schedule for start in late 2023.
Woodside production guidance lower than expected on delays
Woodside Energy’s (ASX:WDS) latest production guidance for 2023 has fallen short given delays at new oil projects in West Africa and the US, as well as a maintenance shutdown at the Pluto LNG export complex in Australia.
Woodside abandons Senegal follow up
Woodside Energy has plugged and abandoned a well offshore Senegal after failing to find commercial quantities of hydrocarbons.
Subsea 7 posts profitable Q2 despite renewables drag
Subsea 7 (OSE:SUBC) said supply chain challenges were stabilising and credited “strong performance” from its subsea and conventional businesses, despite a weaker quarter for renewables.
Woodside drops sale plans for Senegal’s Sangomar
Woodside Energy has dropped plans to sell down a stake in its Senegal project, the offshore Sangomar development.
Woodside preps for Ocean BlackHawk arrival in Senegal
Woodside Energy has revised the subsea installation campaign schedule at its Sangomar project, in Senegal, but continues to expect first oil in 2023.
FAR shareholder slates “inadequate” Samuel Terry bid
Australian explorer FAR’s major shareholder has rejected a takeover bid from Samuel Terry Asset Management.
Restive shareholder exits FAR, following Bambo miss
Australian minnow FAR (ASX:FAR) is likely to be breathing a sigh of relief on the notice that Allan Gray is no longer a substantial holder, although there remain questions for the future.
Altrad to add 1,000 UK staff as it eyes growth in 2022
Industrial services giant Altrad said a significant pipeline of work would see it expand its UK headcount next year, amid a North Sea staff resurgence and plans to continue a run of acquisitions.
FAR spuds well offshore Gambia
Australia’s FAR has begun drilling the Bambo-1 exploration well, offshore The Gambia.
Woodside awards TMC compressor work for Senegal FPSO
TMC Compressors has won work to supply the marine compressed air system to Woodside Energy’s Senegalese field.
Woodside completes first Sangomar producer
The Ocean BlackRhino has drilled a first production well at the Sangomar field, offshore Senegal.
Woodside completes Senegal buy with drilling set to begin
Australian minnow FAR has completed the sale of its stake offshore Senegal to Woodside Energy.
FAR lines up Stena rig for Gambian exploration
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
FAR holders back Woodside sale
Shareholders in FAR have approved the sale of the company’s stake in a Senegal licence to Woodside Energy.
Costs rise at Woodside’s Sangomar
Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
Remus drops out of FAR bidding
Remus Horizons PCC has abandoned its bid to acquire FAR, paving the way for Woodside Energy to complete its takeover of Senegal’s Sangomar.
Lukoil drops FAR offer, Woodside in pole position
Lukoil has pulled its non-binding bid for FAR, clearing the way for Woodside Energy to increase its stake in the Sangomar project.
Lukoil throws hat into FAR ring
Russia’s Lukoil has emerged as another suitor to buy MSGBC Basin-focused FAR, for A$220 million ($170mn).