Sangomar News

Woodside Cuts Output Guidance on Gulf of Mexico Project Delay

Jul 21, 2022

Australia's Woodside Energy Group trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP Group's petroleum assets, sending its shares down 4%.Woodside, now a top 10 global independent oil and…

Engineering Firm Wood Lands Work on Woodside's Sangomar FPSO Project

Apr 12, 2022

Australian oil and gas company has hired engineering firm Wood for work on the Sangomar FPSO development, located 100km south of Dakar, Senegal.The Sangomar FPSO is designed for the processing of hydrocarbons and the storage of oil from Senegal's first offshore oil development…

Havfram Bags Senegalese Mooring Pre-Lay Contract from MODEC

Jun 21, 2022

Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022…

Meridian Capital Rejects 'Wholly inadequate' Samuel Terry's Bid for FAR Ltd.

Feb 04, 2022

Meridian Capital International Fund, a 19.28% shareholder of Africa-focused oil explorer FAR Limited, has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.Earlier this week, Samuel Terry Asset Management…

FAR Ltd. Boss Norman Gets Notice of Termination after 10 Years in Position

Mar 24, 2022

Australian oil and gas company FAR Limited said Thursday it had given notice of termination to Managing Director Catherine Norman. She has also resigned as a director of the company.Norman, a professional geophysicist with over 30 years’ experience…

FAR Withdraws from Guinea Bissau. STAM Takeover Attempt Fails

Mar 15, 2022

Australian oil and gas company FAR Limited said Monday it would withdraw from its offshore blocks in Guinea Bissau after failed farm-out attempts. Separately, FAR said that STAM's takeover offer for FAR had closed, without the offer conditions being satisfied…

Australia: Woodside Shareholders to Benefit from $40B BHP Merger - KPMG

Apr 08, 2022

Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…

Takeover Offer Launched for Oil and Gas Firm FAR

Jan 31, 2022

Samuel Terry Asset Management Pty Ltd has launched a takeover offer for W. Africa-focused oil and gas company FAR.Samuel Terry Asset Management Pty Ltd as trustee for Samuel Terry Absolute Return Active Fund launched an offer to acquire FAR’s shares at 45c cash per share…

Woodside to Hike Capital Spending as Its Advances Oil & Gas Projects in Australia, Senegal

Jan 20, 2022

Woodside Petroleum expects to hike its capital spending by about a third to $4 billion in 2022, as it advances oil and gas growth projects in Western Australia and Senegal as well as steps up efforts to start producing hydrogen.After booking record quarterly sales revenue on soaring LNG prices…

TMC to Deliver Compressors for Woodside's Sangomar FPSO

Sep 21, 2021

Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal.TMC will deliver a large marine compressed air system to the FPSO…

Woodside Downgrades Offshore Gas Reserves Estimates Again

Nov 05, 2021

Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…

Woodside Slashes Gas Reserves Estimate for Two Offshore Fields

Oct 21, 2021

Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…

Woodside Energy Wraps Purchase of Far's Stake in Sangomar Project Off Senegal

Jul 06, 2021

Australian oil and gas company Woodside Energy has completed the acquisition of the entire participating interest of oil company FAR in the offshore area in Senegal containing the Woodside-operated Sangomar development. The purchase price for Far's stake in the Rufisque Offshore…

PetroNor Given More Time to Find Partner for Offshore Block in The Gambia

Oct 19, 2021

Oslo-listed oil and gas company PetroNor has been given more time by the Government of The Gambia to progress its ongoing discussions over its A4 offshore license with potential partners.The Gambian government has granted PetroNor a one-year…

GlobalData: Woodside's Acquisition of BHP's Oil Business 'Complicates' ESG Narrative

Oct 08, 2021

Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said, as BHP's assets it has acquired will boost Woodside's oil production and ultimately lead to a more carbon-intensive product base over the near term…

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