LNG

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 Energy, the US partner of BP in the Mauritania-Senegal floating LNG projects, reported a net profit in the fourth quarter compared with a loss in the year-ago period as it advanced with its FLNG plans and expanded its Africa-focused activities.