Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
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.
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.
Petrosen has officially launched its first offshore licence round, at a conference in Senegal, covering 12 blocks.
BP has reported success at its Orca-1 well offshore Mauritania, finding gas in numerous sands, including a deeper target.
BP and Kosmos Energy have made a "major gas discovery" offshore Mauritania.