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  1. BP to team with Kosmos on Mauritania, Senegal offshore blocks

    BP PLC will invest nearly $1 billion to partner with Kosmos Energy Ltd. for exploration and development of six blocks off West Africa. BP has agreed to acquire 62% interest including operatorship of Blocks C-6, C-8, C-12, and C-13 offshore Mauritania, and 32.49% effective working interest in Saint-Louis Profond and Cayar Profond blocks offshore Senegal ( OGJ Online, May 9, 2016 ). Kosmos will maintain 28% and 32.51% effective working interest in the licenses offshore Mauritania and Senegal, respectively, and will continue as exploration operator and drill three exploration wells beginning in 2017. The combined 33,000 sq km of acreage could contain 50 tcf of gas resource potential and 1 billion bbl of liquids resource potential, according to Kosmos estimates. The area includes Tortue field offshore Mauritania estimated by Kosmos to contain more than 15 tcf of discovered gas resources ( OGJ Online, Nov. 12, 2015 ). Under the terms of the agreement, Kosmos will receive fixed consideration of $916 million, including $162 million in cash up front; $221 million carry on exploration and appraisal, including a drill stem test on Tortue expected to be completed in 2017; and $533 million maximum carry on development costs until production startup on Tortue, including a front end engineering and design study to be completed in 2017 with the objective of reaching a final investment decision by 2018. Kosmos also will receive a contingent bonus of up to $2/bbl for up to 1 billion bbl of liquids, structured as a production royalty, subject to a future liquids discovery and oil price. Bob Dudley, BP chief executive officer, said, “We believe our expertise in integrating the gas value chain, together with a talented exploration partner in Kosmos, along with the support of the Mauritanian and Senegalese governments brings together all the elements needed to create a new LNG hub in Africa.” The new partners plan to process and transport the gas from Tortue at a nearshore LNG facility to reduce development time and improve capital efficiency. The proposed complex could be expanded in phases to accommodate future gas discoveries. In addition to the existing blocks, the companies have agreed to cooperate in areas of mutual interest in offshore Mauritania, Senegal, and Gambia with Kosmos acting as the exploration operator and BP as the development operator. Subject to government approvals, the deals are expected to close by first-quarter 2017. The move follows BP getting 10% interest in Abu Dhabi’s ADCO onshore oil concession ( OGJ Online, Dec. 19, 2016 ). BP last month purchased 10% interest in the supergiant Zohr natural gas field offshore Egypt from operator Eni SPA ( OGJ Online, Nov. 28, 2016 ).

    Online Articles

    Online Articles

    Mon, 19 Dec 2016

  2. Total to buy stake in US LNG group Tellurian

    Total SA has agreed to buy 23% of Tellurian Investments Inc. at $5.85/share for $207 million. 

    Online Articles

    Online Articles

    Tue, 20 Dec 2016

  3. Delfin LNG completes draft EIS for first US floating LNG facility

    Delfin LNG LLC, a wholly owned subsidiary of Fairwood Peninsula Energy Corp. (FPE), Houston, has completed a draft environmental impact statement (EIS) for its planned Delfin LNG Deepwater Port (Port Delfin) and floating LNG (FLNG) facility to be located offshore Louisiana in the Gulf of Mexico.

    Online Articles

    Online Articles

    Wed, 20 Jul 2016

  4. Statoil awards Foster Wheeler pre-FEED contract to expand production at Melkoya LNG facility in Norway

    Foster Wheeler has received a contract from Statoil for pre-FEED for the Snøhvit Future Development Project at Statoil's Melkøya-based LNG facility on Melkøya Island approximately 450 km north of the Arctic Circle, Hammerfest, Norway.

    Online Articles

    Online Articles

    Thu, 14 Apr 2011

  1. Qatargas to supply LNG to Repsol's Canaport LNG facility

    Online Articles

    Online Articles

    Fri, 8 Oct 2010

  2. Australia's John Holland wins $150MM marine contract for Gladstone LNG's Curtis Island LNG facility

    John Holland has been awarded a $150 million subcontract for the construction of marine offloading facilities as part of Gladstone LNG’s proposed Curtis Island LNG facility .

    Online Articles

    Online Articles

    Fri, 25 Mar 2011

  3. BP approved as sole LNG buyer for Coral South offshore Mozambique

    BP has agreed to acquire 100% of the LNG produced by the Coral South floating LNG facility planned for Area 4 offshore Mozambique.

    Online Articles

    Online Articles

    Wed, 5 Oct 2016

  4. Shell Australia lets contract for Prelude FLNG facility

    Shell Australia Pty. Ltd. has let a contract to Norwegian firm DOF Subsea for underwater services and supply of a multipurpose supply vessel to the Prelude floating LNG facility soon to be stationed in the Browse basin 475 km offshore northwestern Western Australia.

    Online Articles

    Online Articles

    Mon, 1 Aug 2016

  5. Keel work begins for floating LNG facility

    Petronas said keel work has begun for its first floating LNG facility .

    Online Articles

    Online Articles

    Tue, 14 Jan 2014

  6. Woodside to develop Greater Sunrise natual gas fields via Floating LNG facility

    Located in the Joint Petroleum Development Area administered by the governments of Timor-Leste and Australia, the Greater Sunrise fields, which include the Sunrise and Troubadour natural gas discoveries, will be developed by a Floating LNG facility .

    Online Articles

    Online Articles

    Fri, 30 Apr 2010

  7. World’s first FLNG facility starts up

    The PFLNG SATU , Petronas’ first floating liquefied natural gas facility, has achieved first gas at the deepwater Kanowit field offshore Sarawak.

    Online Articles

    Online Articles

    Thu, 17 Nov 2016

  8. O’Leary joins management team at Venture Global LNG

    Venture Global LNG Inc. has hired John Brian O’Leary as senior vice president of operations.

    Online Articles

    Online Articles

    Tue, 1 Nov 2016

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