Kosmos Energy announces 4Q19 and full year 2019 results
The company generated a net loss of US$36 million in 4Q19.
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The company generated a net loss of US$36 million in 4Q19.
Azinam will become the operator and 50% licence holder in Block 2B offshore South Africa, which contains the A-J1 oil discovery.
The field development plan for the Nam Du and U Minh gas fields, offshore southwest Vietnam, is in the final stages of the formal Vietnamese Government approval process.
The centre will train drilling and well control personnel in the onshore and offshore oil and gas industry, with the aim of boosting competence and safety.
Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies.
Equinor has concluded that the project’s potential is not commercially competitive.
The centre in King Salman Energy Park will manufacture well completions technologies.
The contract is expected to start in April 2020.
The contract is with an unnamed major international oil company.
The Dual Camera Analytic Module – Methane is designed for continuous monitoring and autonomous real time detection and alerting of methane leaks.
The subsea equipment market has gradually recovered since 2016, reaching over 300 awards of subsea trees in both 2018 and 2019 – three times more than in 2016, according to Rystad Energy.
The ratification paves the way for the conclusion of Somalia’s first Offshore Somalia License Round, with an expected closing date for submissions of bids at the end of 3Q20.