Tag Archive

IMF Concludes 2019 Article IV Consultation with Mauritania

IMF Concludes 2019 Article IV Consultation with Mauritania

December 12, 2019 No Comments

On December 11, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the 2019 Article IV consultation [1] with the Islamic Republic of Mauritania. During the same meeting, the Board also completed the fourth review of the three-year arrangement with Mauritania under the Extended Credit Facility; a press release on the review was issued separately. Mauritania […]

Major Gas Discovery Offshore Mauritania

Major Gas Discovery Offshore Mauritania

October 28, 2019 No Comments

Kosmos Energy (NYSE/LSE: KOS) announced today that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal. The Orca-1 well, which targeted a previously untested Albian play, exceeded pre-drill expectations encountering […]

Final investment decision on Mero-2 FPSO in Brazil

Final investment decision on Mero-2 FPSO in Brazil

June 12, 2019 No Comments

Libra Consortium announced today the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil. The FPSO will have a capacity to process up to 180,000 barrels of oil per day. The consortium plans four new production systems to […]

TechnipFMC Awarded  EPCIC Contract

TechnipFMC Awarded EPCIC Contract

March 1, 2019 No Comments

TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal. This award is a continuation to the FEED (front end engineering design) contract […]

BP announces FID for Phase 1 of the Greater Tortue Ahmeyim LNG Development

BP announces FID for Phase 1 of the Greater Tortue Ahmeyim LNG Development

December 21, 2018 No Comments

BP and partners today announced that the Final Investment Decision (FID) for Phase 1 of the innovative cross-border Greater Tortue Ahmeyim development has been agreed. The decision was made following agreement between the Mauritanian and Senegalese governments and partners BP, Kosmos Energy and National Oil Companies Petrosen and SMHPM. “Achieving sanction for the ground-breaking Greater […]

Golar LNG receives LNTP  from BP

Golar LNG receives LNTP from BP

December 17, 2018 No Comments

Golar LNG Limited announced today that it has received a Limited Notice to Proceed (“LNTP”) from BP Mauritania Investments Ltd and BP Senegal Investments Ltd, (together “BP”) in their capacity as block operators, in respect of the provision of a Floating Liquefaction Vessel (” FLNG”) to support the development of Phase 1 of the Greater […]

Total Strengthens Exploration Position In Mauritania

Total Strengthens Exploration Position In Mauritania

December 12, 2018 No Comments

Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania, covering an area of 14,175 square kilometers. According to the terms of the contracts, Total will be the operator of these two blocks with […]

Equatorial Guinea Says Oil Producers should ‘Stand Together’

Equatorial Guinea Says Oil Producers should ‘Stand Together’

December 3, 2018 No Comments

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity amongst oil producing ahead of this week’s 175th Ordinary Meeting of the Organization of Petroleum Exporting Countries in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil prices and a decision whether […]

Kosmos Energy Announces Third Quarter 2018 Results

Kosmos Energy Announces Third Quarter 2018 Results

November 13, 2018 No Comments

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of $63.4 million or $0.16 per diluted share in the same period last […]

Shell secures exploration acreage offshore Mauritania

Shell secures exploration acreage offshore Mauritania

July 23, 2018 No Comments

Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. (“Shell”) today signed two Production Sharing Contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19. “This move represents Shell’s entry into the West African Atlantic Margin exploration […]

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