Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Stena Drilling has been awarded a new contract for work in the Suriname-Guyana basin with Tullow Oil.
Maersk Drillng has won a £16.6m ($20.4m) contract with Petronas off Suriname.
Total and Apache have made a second discovery offshore Suriname, at Block 58’s Sapakara West-1 well.
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.
Apache and Total have announced a “significant oil discovery” off the South American nation of Suriname.
Total announced its entry into Suriname with a 50% interest in a block held by Apache off the Southern American nation’s coast.
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.
Tullow Oil said today that it remains "fully committed" to Suriname after a wildcat well off the country came up dry.
ExxonMobil and project partners Hess and Statoil have signed a production sharing contract for a block off Suriname.
A consortium made up of ExxonMobil, Hess and Statoil has reached an agreement with Suriname’s energy agency on a production sharing contract for block 59 in the country.
Noble Corporation has been awarded new contracts for one of its drillships in the Gulf of Mexico and Suriname.