U.S. oil and gas exploration company Kosmos Energy on Tuesday confirmed a major gas find offshore Senegal. “The Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100% success rate of wells targeting the inboard Mauritania and Senegal gas trend,” the company said on its website. Yakaar-2 was drilled approximately nine kilometers from Yakaar-1 and had proven the company’s estimates of the gas field’s…

Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co. The Houston oilfield service company is dropping the GE logo and exchanging its former blue letters for dark green ones. Two arrows merged into a geometrical shape known as a mobius represent the July 2017 merger of Baker Hughes and GE Oil & Gas into a single company that earned $22.8 billion of…

Source: Proactive Investors The Blocks A2 and A5 areas, covering 2,682 square kilometres, are adjacent to and on-trend with FAR’s world-class SNE oil field discovery which is moving toward development and first oil in 2022. FAR Ltd (ASX:FAR) has acquired an additional 10% interest in the highly prospective offshore Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 50% working interest and operatorship. The government of The Gambia has issued new licences to the joint venture in…

The JOA was reviewed and negotiated by a GNPC negotiation team with assistance from the Petroleum Negotiation Committee, Africa Legal Support facility, International Law Firm BCLP and Senghore Law Firm. We wish to congratulate the Negotiation team under the stewardship of Managing Director Yaya F. Barrow and the coordination of Latirr Carr and Dr. Muhammed Lamin Sanyang for this historic achievement. In partnership with GNPC, BP Exploration (Gambia) Ltd will start work in earnest to explore the potentials of offshore…

The MoU covers a comprehensive programme for both parties to engage in, from pre-event planning, PR & marketing, establishing a USWA content committee to allow engagement with key stakeholders from the International Upstream Oil & Gas community, through to onsite event execution and post event follow up, to ensure the 6th Annual Upstream West Africa summit is delivered to the highest standards. The Gambia National Petroleum Company (GNPC) announced today that it has signed a Memorandum of Understanding (MOU) with Vale…

After years of budget cuts, oil and gas companies are finally stepping up their exploration game and several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Norwegian oil and gas intelligence firm Rystad Energy. Rystad said on Tuesday that improved market conditions and lower well costs led E&P players to ramp up their 2019 exploration activities in all parts of the world, driven in particular by rising investments in South America and Africa. Rystad…