Seatrium of Singapore delivers floating LNG production vessel to BP-led project offshore Mauritania and Senegal
Seatrium Group of Singapore, formerly called Sembcorp Marine Ltd and renamed as Seatrium following its merger with Keppel Offshore & Marine, has successfully delivered the converted floating LNG production vessel for the BP-led FLNG project offshore Mauritania and Senegal.
West Africa floating LNG player Kosmos Energy acquires Ghana field stakes from Occidental for $550M
Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, has acquired bigger shareholdings in oil and gas fields offshore Ghana from Occidental Petroleum of the US for $550 million.
Kosmos of US says Mauritania-Senegal LNG is advancing amid output boost and financing changes
Kosmos Energy, the US shareholder in the floating LNG projects offshore the West African nations of Mauritania and Senegal, said in its third-quarter earnings that the ventures were making good progress, while the company posted a net loss.
Exploration successes provide more resources for new and existing LNG production areas
Global energy companies last year made the highest number of oil and natural gas discoveries since 2015, including several set to be used in liquefied natural gas production.
LNG operator Woodside given go-ahead for Senegal oil project alongside floating FLNG
Australian liquefied natural gas plant operator Woodside Petroleum said the Government of Senegal had approved the Sangomar offshore joint venture development plan, one of the several major projects going ahead in the West African Atlantic Margin, including floating LNG production.
Kosmos makes world’s largest deepwater find this year with Mauritania gas to boost LNG plans
Kosmos Energy, the US stakeholder in floating LNG projects offshore Mauritania and Senegal with BP of the UK, said they made a major natural gas discovery at the Orca-1 exploration well offshore Mauritania in West Africa.
Sale of positions in Senegal and Mauritania offshore assets for LNG generate wide interest
The Greater Tortue-Ahmeyim Project, the floating liquefied natural gas development offshore the maritime boundaries of Mauritania and Senegal, is making advances as shareholder Kosmos Energy prepares to sell some of its stake.
US engineering firm Black and Veatch begins topsides work on third FLNG hull venture
US engineering company Black and Veatch has received notice to proceed with providing the topsides for its third floating LNG production venture, the conversion in Singapore of a conventional LNG carrier for BP of the UK.
KBR to work on advanced engineering phases of Mauritania and Senegal projects for FLNG hub
US energy engineering company KBR was awarded the preliminary front-end engineering contract by BP of the UK for the second and third phases of the Tortue natural gas project being pursued with Kosmos Energy of the US that will underpin floating LNG production on the maritime border between the West African nations of Senegal and Mauritania.
African LNG firm Kosmos completes acquisition of US Atlantic Margin assets in Gulf of Mexico
Kosmos Energy, the US partner of BP in the Mauritania-Senegal floating LNG projects, has completed its acquisition for more than $1.22 billion of Deep Gulf Energy as it keeps faith in the deepwater Gulf of Mexico as other operators retreat to the US onshore shale basins.
Kosmos, based in Dallas, said it purchased Deep Gulf Energy to expand its assets in the Atlantic Margin exploration area of the most distant parts of the Gulf that can have similar deepwater challenges to offshore West Africa.
“By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong record of growing production and reserves through infrastructure-led exploration,” said Kosmos.
“This immediately accretive acquisition enhances the scale of the company and is expected to generate significant free cash flow,” added Kosmos.
Houston, Texas-based DGE was founded in 2005. The company has drilled 20 wells, 16 of which have been completed. The company achieved its first production in 2007 and the acquisition would add around 25,000 barrels of oil equivalent per day of production for Kosmos.
Kosmos notes that while many competitors have been leaving the Gulf of Mexico to pursue onshore shale plays, their departures have created an opportunity to further open up the Gulf.
“The best deepwater assets can compete with the best of shale, and now is a good time to enter the Gulf of Mexico,” said Kosmos.
The completion of the DGE deal comes as Kosmos and BP are moving forward with contract awards for the Tortue-Ahmeyim natural gas project in the Atlantic Margin of Mauritania and Senegal that will underpin several FLNG ventures.
The Tortue-Ahmeyim project will produce gas from a deepwater subsea system and transfer it to an FLNG production facility at a nearshore hub located on the Mauritania and Senegal maritime border.
The FLNG facility for Phase 1 is expected to deliver about 2.5 million tonnes per annum of LNG on average.
The full project will target 10 MTPA of LNG output as well as making gas available for domestic use in both Mauritania and Senegal.
First gas from the African project is expected in the first half of 2022.
