Senegalese presidential hopeful pledges review of gas and oil contracts
A Senegalese opposition leader said he’ll renegotiate contracts with oil and gas companies if his bid for the presidency in this month’s election is successful.
Senegal
BP files for “maximum” damages from McDermott
McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
Allseas completes pipe work for BP LNG project offshore Africa
Allseas has completed the infield pipelay scope for BP’s LNG project offshore Mauritania and Senegal.
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.
UK calls for Senegal elections certainty, amid civil unrest
“We are concerned about the uncertainty created by postponing the Presidential elections,” the Foreign, Commonwealth & Development Office (FCDO) said.
BP’s West African LNG project faces scrutiny amid delays
The two states will “remain vigilant” in the operational, economic and financial support, in partnership with BP and Kosmos Energy.
GTA FLNG vessel heads past production site to Tenerife
The statement from the ministry said the arrival of the FLNG vessel was a “historic moment” for the GTA project. It reported that the LNG scheme was more than 90% complete.
Overcoming the curse of Big Oil
A worrying aspect of the global energy transition now gathering pace is how impoverished countries with large oil and gas discoveries react to wealthy nation rhetoric telling them that they should kiss the chance of making $billions goodbye before they’ve even started harvesting the resource.
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.
BP drops Yakaar-Teranga, Kosmos takes over
“In addition, the project is expected to deliver LNG export volumes to global markets, further establishing Senegal as an important and reliable supplier of energy to the world.”
BP hints at Mauritania, Senegal LNG plan delays
The FPSO is on its way to West Africa, the CEO said, while the FLNG facility should leave Singapore by the end of 2023. According to Marine Traffic, the FPSO is today offshore Maputo.
Allseas takes over BP pipelay work after McDemott failure
Allseas will deploy its Pioneering Spirit, the world’s largest construction vessel, to begin in early December 2023. Allseas will also use its Oceanic offshore support vessel.
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.
Senegal signs up financing from UK, others for just energy transition
The JETP plan “will make it possible to support the Senegalese dynamic that we started several years ago of incorporating renewable energies into our energy mix and securing our energy system thanks to all our natural resources in line with the Paris Agreement”.
BP, Kosmos clash over GTA LNG sales
Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. “We will not have to have sold all the gas” at final investment decision (FID), he said.
Kosmos looks for inflection, but TEN a drag
“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”
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.
FPSO sailaway for BP’s GTA LNG project
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
Yellen encourages Africa to take advantage of cheap Russian fuel
Treasury has estimated it could “result in around $6 billion in annual savings for the 17 largest net oil-importing African countries. We are seeing examples of emerging markets saving even more by using the price cap to negotiate steeper discounts with Russia. And we encourage more countries to do the same.”
Capricorn preps for Palliser vote, “genuine risk” of board removal
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
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.
BP takes on Valaris floater for Egypt work
BP has picked a Valaris rig to drill four wells offshore Egypt, starting late in the third or early in the fourth quarter of 2023.
Kosmos in talks on LNG sales, expanding West African gas
Kosmos Energy is taking steps to ramp up production by 50% by 2024 – and in the longer term scale up its West African gas projects.