Far News

 

Far to Spud High-Impact Well Offshore The Gambia in 4Q Using Stena Drillship

Jun 16, 2021

Australian oil and gas company Far has hired Stena Drilling's Stena IceMax drillship to drill the Bambo-1 well offshore The Gambia. The well is expected to be spudded in the fourth quarter of 2021.The Bambo-1 well in Block A2 is designed to drill into 3 prospects with a total estimated recoverable…

FAR, Woodside to Complete Sangomar Transaction in 'Coming Weeks'

May 31, 2021

Australian oil company FAR said Monday that it expected to complete the sale of its stake in the RSSD area offshore Senegal to Woodside in the coming weeks.FAR said Monday it had satisfied the condition precedent for the sale of its interest in the RSSD area…

Path Clear for Woodside to Take Over FAR's Sangomar Stake as Remus Drops Out

Apr 21, 2021

Private investment fund Remus Horizons which last week launched a conditional takeover offer for the Australian oil company FAR, eyeing its stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development, is now backing out from the FAR pursuit…

FAR Postpones Vote on Sangomar Sale as Shareholders Study Remus Offer

Apr 15, 2021

Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…

Remus Horizons Moves to Take Over FAR, Enter Senegal Offshore Block

Apr 14, 2021

Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside…

Lukoil Pulls Out of Sangomar Race as it Decides Not to File Takeover Bid for FAR

Apr 01, 2021

Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…

FAR to Sell Senegal Oil Field Stake to Woodside, as Lukoil, Remus Offers Incomplete

Mar 12, 2021

Australian oil and gas company FAR said Friday it would sell its stake in offshore blocks in Senegal to Woodside, subject to the approval of its shareholders, as proposed company takeover offers made by Remus and Lukoil were incomplete.To remind…

Solstad's PSV, AHTS Secure Australia Contracts

Feb 26, 2021

Solstad Offshore, a Norway-based offshore vessel operator, on Friday said it had won contracts for the vessels Normand Ranger and Far Seeker in Australia.The Normand Seeker, a large AHTS, has been awarded a contract in Australia with the start slated for the second quarter of 2021…

Lukoil Offers to Buy FAR to Get Hold of Sangomar Field Stake Offshore Senegal

Feb 17, 2021

Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…

Shearwater Nets SE Asia Seismic Survey Gig

Feb 01, 2021

Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…

FAR, Woodside Sign Senegal Assets Sale Deal

Jan 20, 2021

Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside.FAR had agreed to sell its Senegal interests, containing the Sangomar development, to India's ONGC Videsh in November 2020…

Remus Horizons Exploring Takeover of Australian Oil Firm Far

Dec 17, 2020

Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…

Woodside Blocks Another Firm from Joining Offshore Senegal Block

Dec 03, 2020

Australian oil and gas company Woodside, the operator of the offshore area in Senegal containing the Sangomar oil field development, has blocked India's ONGC from joining the project.To remind, FAR, Woodside's partner in the project, in November…

OPEC+ Starts Talks to Weigh Further Steps to Support Oil Market

Nov 16, 2020

The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.OPEC and allies led by Russia…

'Bittersweet Exit' - FAR to Sell Stake in Senegal Offshore Block to India's ONGC

Nov 12, 2020

Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh.FAR has been working to sell its Senegal assets for months, as the company…

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