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.
Sangomar
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).
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.
FAR receives takeover offer, threatens Senegal sale
FAR has received a non-binding proposal for its potential acquisition by Remus Horizons PCC that may derail its Senegal sale.
Modec orders compressor trains, water system for Sangomar
Modec has ordered six compressor trains from MAN Energy Solutions for the Sangomar field, offshore Senegal.
A tough year down for Africa
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Woodside pre-empts FAR sale to ONGC
Woodside Energy has opted to pre-empt the sale of FAR’s stake in a licence offshore Senegal, which will increase the buyer’s stake to 82% in the Sangomar field.
PetroNor lines up Guinea Bissau move
PetroNor E&P has struck a deal to acquire Svenska Petroleum’s assets in Guinea Bissau, with the hope of drilling in 2021-22.
FAR strikes bittersweet Sangomar sale with ONGC
Australia’s FAR Ltd has struck a deal to sell its Senegal interests to India’s ONGC for $45 million plus some costs.
Cairn clears Woodside for Senegal sale
Cairn Energy has abandoned plans to sell its stake offshore Senegal to Lukoil, abiding by Woodside Energy’s pre-emption.
Clock running down for FAR in Senegal
Australia’s FAR did not exercise its right to pre-empt the sale of Cairn Energy’s stake in the Sangomar field, as the company works to find a buyer for its own interest.