Australian minnow FAR has announced plans to return cash to shareholders, while still going ahead with drilling a well off The Gambia.
Australian minnow FAR has completed the sale of its stake offshore Senegal to Woodside Energy.
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
Technip Energies has awarded a contract for pre-installation and subsequent hook-up for a floating project offshore Mauritania and Senegal to Havfram.
Petrofac has won a contract from BP for work on operational procedures at the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
Shareholders in FAR have approved the sale of the company’s stake in a Senegal licence to Woodside Energy.
The first caisson for the BP-led Greater Tortue Ahmeyim project in Senegal has left the port of Dakar.
Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
Remus Horizons PCC has abandoned its bid to acquire FAR, paving the way for Woodside Energy to complete its takeover of Senegal’s Sangomar.
Ramco Tubular Services has bagged a multi-million pound contract with a leading global supplier of steel tubular products in Senegal.
A fire in Africa that led to the death of a former Aberdeen oil and gas worker has finally been brought under control, more than three months after the gas well explosion that caused it.
PetroNor’s bid to avoid arbitration over a licence dispute with Senegal has failed.
Lukoil has pulled its non-binding bid for FAR, clearing the way for Woodside Energy to increase its stake in the Sangomar project.
Karpowership’s first LNG-to-power project is coming together with sea trials in Singapore starting today, ahead of deployment to Senegal in the coming weeks.
Protests continued in Senegal on March 8 as a leading opposition politician faced charges of sexual assault.
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Woodside Petroleum reported a net loss of almost $4.03 billion for 2020 despite delivering a record full-year production of 100.3 million barrels of oil equivalent (boe). Still, its proposed $12 billion Scarborough liquefied natural gas (LNG) export project in Australia remains on track for final investment approval later this year.
Russia’s Lukoil has emerged as another suitor to buy MSGBC Basin-focused FAR, for A$220 million ($170mn).
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.
DP World has been approved to move forward on the port of Luanda, in addition to striking an agreement for a new terminal in Senegal.
FAR has received a non-binding proposal for its potential acquisition by Remus Horizons PCC that may derail its Senegal sale.
Cairn Energy will return £188 million to shareholders following completion of the sale of its Senegalese assets to Woodside.
Modec has ordered six compressor trains from MAN Energy Solutions for the Sangomar field, offshore Senegal.
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.