Kosmos News

 

Kosmos Energy Exploration Head Moves to Apache

Apr 13, 2021

Oil and gas company Apache has appointed Tracey K. Henderson as its Senior Vice President, Exploration. Henderson joins the company from Kosmos Energy, where she served as Chief Exploration Officer. 'While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana…

Kosmos Energy Raises CFO's Salary

Feb 04, 2021

Oil and gas company Kosmos Energy said Thursday it had raised its CFO's salary to align it with similarly situated executives in peer firms.Effective February 1, 2021, Neal D. Shah’s base salary was increased to $550,000 and the annual target…

Offshore Worker Dies in Drillship Incident in U.S. Gulf of Mexico

Jan 26, 2021

An offshore worker died last weekend in an incident aboard a Seadrill drillship deployed on a Kosmos Energy project in the U.S. Gulf of Mexico.'At approximately 1:45 pm Central Time on January 24, 2021, Kosmos Energy learned about the fatality…

Beacon Offshore Energy Finds Oil in U.S. Gulf of Mexico

Jan 19, 2021

Beacon Offshore Energy has made an oil discovery at the Winterfell offshore well in the U.S. Gulf of Mexico, Kosmos Energy, a partner in the project has informed.Kosmos, which owns a 17.5% interest in the project said that the Winterfell infrastructure…

Trident Energy Books Vantage Jack-Up for E. Guinea Drilling

Dec 21, 2020

Offshore drilling contractor Vantage Drilling has won a two-well contract for its Sapphire Driller jack-up rig.The rig will drill for Trident Energy in Equatorial Guinea, starting in the second quarter of 2021. While Vantage Drilling did not share the financial details of the deal…

Kosmos Energy Completes Sale of Frontier Exploration Assets to Shell

Dec 10, 2020

London-listed oil and gas company Kosmos Energy has partially completed the previously announced sale of its frontier offshore oil and gas exploration assets to Shell, with the South Africa transaction expected to complete in 2021.Under the agreement first announced in September…

Kosmos Energy Closes Gulf of Mexico Loan

Oct 05, 2020

Oil and gas Kosmos Energy has closed a Gulf of Mexico loan facility with Beal Bank USA and Trafigura Trading LLC ('Trafigura').The company had in June entered into a crude oil prepayment agreement with commodities trader Trafigura for a portion of its production in the U…

Shell Buys Kosmos' Frontier Exploration Assets for Up to $200M

Sep 09, 2020

Oil and gas company Kosmos Energy said Wednesday it had agreed to sell some of its frontier exploration asset interests to Shell for up to $200 millionShell will acquire Kosmos’ interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia…

Kosmos Energy in $200M Prepayment Deal for Gulf of Mexico Crude

Jun 29, 2020

Oil and gas company Kosmos Energy has into a crude oil prepayment agreement with commodities trader Trafigura for a portion of its production in the U.S. Gulf of Mexico.The prepayment agreement provides up to $200 million of crude oil sales…

Neal D. Shah Assumes Kosmos Energy CFO Position

May 12, 2020

Oil and gas firm Kosmos Energy on Monday said that Neal D. Shah would become the company’s Senior Vice President and Chief Financial Officer effective May 11, 2020.The management change comes following Kosmos Energy's announcement back in February that Thomas P…

Kosmos Energy to Slash Headcount, Costs

Mar 17, 2020

Oil and gas company Kosmos Energy is set to slash both capex and opex, and will suspend dividend payment citing the need to maintain balance sheet and preserve flexibility during the oil price volatility.'At the 4Q19 results, we guided to a…

Kosmos Energy Sets Carbon-Neutrality Target

Feb 25, 2020

Oil and gas producer Kosmos Energy, which plans to produce at least 62,000 barrels of oil equivalent per day this year, aims to make its operations carbon-neutral by 2030, it said on Monday.To achieve its target, Kosmos plans to increase the weighting of gas in its portfolio…

Kosmos Energy Posts 4Q Loss. Names CFO

Feb 24, 2020

London-listed Kosmos Energy reported a net loss of $35,7 million for the fourth quarter of 2019. Total revenues and other income for the quarter were $462,5 million.For comparison Kosmos Energy's 4Q 2018 profit was $185,5 million, on $309,5 million revenues…

Greater Tortue Ahmeyim Partners Sign LNG Sales Deal with BP

Feb 12, 2020

Kosmos Energy has said that it has, with its partners in the offshore Senegal/Mauritania Greater Tortue Ahmeyim project, signed a deal to sell 2.45 million tonnes per annum of LNG to BP's subsidiary BP Gas Marketing.The sales and purchase agreement is valid for an initial term of up to 20 years…

Kosmos Hits Duster at Gulf of Mexico Offshore Well

Jan 29, 2020

Kosmos Energy has completed drilling the Oldfield exploration well in the U.S. Gulf of Mexico, and the well failed to find oil.Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe net to Kosmos which owns 40 percent in the block…

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