"Sangomar" News

2020: A Year Like No Other with a Mixed Outlook for Subsea

Apr 22, 2021

On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…

Woodside Taps Zenith Energy for Senegal Drilling Support

Apr 22, 2021

Aberdeen-based well management company Zenith Energy has won a multi-year contract with Australian oil and gas firm Woodside Energy in Senegal.The agreement is for the provision of drilling and completion engineering and ad-hoc support services…

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…

Sangomar FPSO Construction Starts in China

Apr 05, 2021

The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…

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…

MODEC Orders Palfinger Cranes for Sangomar FPSO

Mar 16, 2021

Japanese FPSO company MODEC has ordered Palfinger cranes for an FPSO it is building for deployment at Woodside's Sangomar development offshore Senegal. Palfinger said Tuesday it would deliver two wire luffing lattice boom cranes for the FPSO…

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…

Woodside Eyes Pluto Plant Stake Sale ahead of $11B Scarborough Field Sanction

Feb 18, 2021

Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…

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…

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…

SOFEC Cuts First Steel for Sangomar FPSO Turret

Jan 05, 2021

Mooring systems provider SOFEC has cut the first steel for the turret mooring system being built for the Senegal-bound Sangomar field FPSO.SOFEC is responsible for all engineering, procurement, and construction (EPC) activities related to the…

Woodside Wraps Buy of Cairn's Interests Offshore Senegal

Dec 23, 2020

Australian oil and gas giant Woodside Energy has completed the acquisition of Cairn's stake in Senegal's Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture, developing the Sangomar offshore oil field.As previously reported…

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…

Current News

PXGEO Strikes Seismic Vessel Deal with TGS

PXGEO Strikes Seismic Vessel Deal with TGS

Gallery: Petrojarl Banff FPSO Arrives in Denmark for Recycling

Gallery: Petrojarl Banff FPSO Arrives in Denmark for Recycling

Petrofac CFO to Resign

Petrofac CFO to Resign

Invenergy, BW LNG Secure Financing for FSRU Project in El Salvador

Invenergy, BW LNG Secure Financing for FSRU Project in El Salvador

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