Kosmos Energy, a shareholder in the floating liquefied natural gas projects offshore Senegal and Mauritania in West Africa and other regional oil and gas ventures in Ghana and Equatorial Guinea, swung to a fourth-quarter profit from a previous loss and reported good progress on the FLNG development alongside UK major BP and advances in the additional Yakaar-Teranga LNG proposal.

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UK major BP more than doubled annual profits, though was hit by slowing natural gas prices during the fourth quarter and expected a flat 2023 with among the main highlights being the start-up of two LNG projects in West Africa and Indonesia.

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UK energy major BP said the floating production, storage and offloading (FPSO) vessel for the floating LNG export project being developed jointly by West African nations Mauritania and Senegal has set sail from China for the project site.

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