LNG

Kosmos Energy has halved its forecast 2025 capex budget to $400 million after posting a $7 million net loss in the fourth quarter. The independent oil and gas producer now prioritises on generating free cash flow, notably from the Greater Tortue Ahmeyim (GTA) project where a first LNG cargo is lined up.

UK major BP said the floating production storage and offloading (FPSO) vessel, a key component of the floating LNG development on the maritime border of Senegal and Mauritania in West Africa, has arrived at its final location.

Kosmos Energy, the Dallas-based oil and gas exploration and production company with assets in the Gulf of Mexico and West Africa, has posted solid earnings and plans a new LNG export project from the Yakaar-Teranga gas fields offshore Senegal in addition to the ongoing FLNG ventures based on the Greater Tortue Ahmeyim resources shared between Senegal and Mauritania.

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, is having to undertake remedial work and a cost review of its biggest overseas project, the Sangomar Field Development offshore Senegal in West Africa, and has pushed back the start-up because of work to be undertaken in Singapore on the production facility.

UK major BP and Kosmos Energy of the US along with the state energy companies of Mauritania and Senegal have confirmed the development expansion concept for the second phase of the Greater Tortue Ahmeyim (GTA) gas fields floating LNG project.

Australian LNG operator Woodside Petroleum has completed its acquisition of a stake valued at more than US$600 million from UK-listed Cairn Energy, giving it overall control of the oil development in Senegal offshore West Africa, which has emerged as a major Atlantic Margin oil and gas province amid major discoveries.

Woodside, the Australian LNG plant operator and Kitimat LNG shareholder in Canada, said it received a decision from the International Court of Arbitration of the International Chamber of Commerce in the arbitration initiated by FAR Ltd against Woodside.

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.

German technology has been chosen for the first floating liquefaction and export plants being developed offshore Senegal and Mauritania in West Africa by BP of the UK and Dallas-based Kosmos Energy.

Australian liquefied natural gas operator Woodside said it had submitted its plans for the Sangomar Field Development project offshore Senegal, the West African nation also participating in separate floating LNG projects led by BP of the UK.