Cairn to dish out special dividend as Senegal sale nears completion
Cairn Energy will return £188 million to shareholders following completion of the sale of its Senegalese assets to Woodside.
Senegal
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.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
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.
Kosmos scraps Mauritania, Senegal sale plans
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Update: Shell seizes Impact opportunity in South Africa
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.
Golar back to work after resolving BP dust up
Golar LNG has reached a new project schedule for the Greater Tortue Ahmeyim project, a floating LNG (FLNG) plan offshore Mauritania and Senegal.
Updated: Cairn Energy ‘in control of own destiny’ as acquisition opportunities open up
Cairn Energy’s boss said today that the company was “in control of its own destiny” and would aim to capitalise on opportunities to beef up its portfolio, including in the North Sea.
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.
Woodside to take Cairn Sangomar stake from under Lukoil’s nose
Australian firm Woodside has moved to whisk the purchase of Cairn Energy’s 40% stake in the Sangomar project off Senegal out from under the nose of Russian firm Lukoil.
Kosmos sales slide despite hedges
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
BP backs away from frontier exploration
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
Cairn sells Sangomar stake to Lukoil
Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in a licence offshore Senegal.
Floating production system market set for quick rebound, Westwood Global says
The floating production systems (FPS) market will rebound to $13 billion annually from 2021-24 with an average oil price of $60 per barrel, analysts have said.
Power in a time of pandemic
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
No more FPSO orders in 2020
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
FAR slips into default at Sangomar
Australia’s FAR is in default for its payments due on the Sangomar field, following recent talk of delays in Senegal’s upstream plans.
Oryx sharpens focus in Kurdistan, cuts African interests
Oryx Petroleum has cut operating expenses by 21% and is focused on slimmed down operations in Kurdistan for the near future.
Golar burns a candle for future FLNG plans
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.
FAR hoists “for sale” sign on Sangomar
Australia’s FAR has been unable to secure financing for its stake in the Sangomar field development and so has begun a process to sell all, or a part, of its stake in the Senegalese project.
TGS fires into Gambian deepwater survey
TGS has begun a 3D seismic survey offshore The Gambia, under its Gambito 2020 programme.
Kosmos takes a second slice off capex
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.