Sangomar News

Cairn Confident of Securing Sangomar Funding

Mar 11, 2020

London-listed oil and gas company Cairn Energy has provided an update of its operations including the progressing of the Sangomar Field Development offshore Senegal despite the having yet to attract the necessary funding for its share of the costs…

FPSOs: The New Business Model

Feb 29, 2020

As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…

Shawcor Bags Sangomar, Baltic Pipe Deals

Feb 26, 2020

Pipeline coating specialist Shawcor will provide thermal insulation coating services for Woodside's Sangomar offshore development in Senegal.The contract, awarded to Shawcor's pipe coating division by Subsea 7, will see Shawcor earn somewhere between CAD$30-$50 million…

Woodside Wins Senegal Case

Feb 14, 2020

Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016, claiming pre-emption rights. The field is now known as Sangomar…

Diamond Offshore's 4Q Loss Narrows. Revenue Up

Feb 10, 2020

Offshore Drilling company Diamond Offshore posted a net loss of $74 million for the fourth quarter of 2019.The result is an improvement compared to a loss of $79 million in the fourth quarter of 2018, and also compared to the third quarter 2019 loss of $95 million…

Why Senegal's Offshore Licensing Round is Significant

Jan 29, 2020

The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…

Senegal Offers Offshore Licensing Round

Jan 28, 2020

The national oil company of Senegal, Société des Pétroles du Sénégal (PETROSEN) officially launched the country’s First Offshore Licensing Round at the Mauritania-SeneGambia-Bissau-Conakry (MSGBC) Basin. The licensing round comprises 12 blocks on offer in the MSGBC basin…

FAR Inks Sangomar Oil Offtake Deal with Glencore

Jan 22, 2020

Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal.FAR, which owns a 15% stake in the recently sanctioned…

SOFEC to Supply Sangomar FPSO Turret Mooring System

Jan 20, 2020

SOFEC announced it has been awarded a contract from MODEC to supply an external turret mooring system for a floating production, storage and offloading (FPSO) vessel for the Sangomar project offshore Senegal.SOFEC will be responsible for all engineering…

FAR Secures $300M Sangomar Loan

Jan 20, 2020

Oil and gas company FAR has secured a $300 million reserve-based loan for its share of the CAPEX for recently sanctioned Sangomar field development, offshore Senegal.“FAR is pleased to announce a binding and committed underwritten US$300 million…

Woodside Signals Higher Output in 2020

Jan 16, 2020

Australia's Woodside Petroleum posted a nearly 7% rise in fourth-quarter production on Thursday and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade.The…

Major Offshore Project in Senegal Reaches FID

Jan 15, 2020

Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…

Subsea 7 Wins 'Very Large' Sangomar Contract

Jan 10, 2020

Offshore installation and construction specialist Subsea 7 has said it has won a 'very large' subsea equipment contract from Woodside for the Sangomar project offshore Senegal.Subsea 7 has won a contract in cooperation with Schlumberger's One…

Modec Confirms Sangomar FPSO Order

Jan 10, 2020

Japanese FPSO specialist Modec has confirmed it has secured an order from Woodside for an FPSO to be deployed at the Sangomar project offshore Senegal.The confirmation of order came Friday just after Woodside had announced its field development…

Woodside Executes Sangomar Contracts As FDP Approved

Jan 10, 2020

Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the 'execute phase' of activities. The FDP approval comes just days after Woodside and its partners received…

Current News

Shell's Gulf of Mexico Offshore Oil Transfer Platform to Be Offline Until Year-end

Shell's Gulf of Mexico Offshore Oil Transfer Platform to Be Offline Until Year-end

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BP Brings Online Matapal Project Offshore Trinidad and Tobago

Lebanon's Prime Minister Seeks Clarification over Halliburton's Offshore Drilling Deal in Israel

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Response to Speculation: UK's SSE Says No Break-up Decision Made

Response to Speculation: UK's SSE Says No Break-up Decision Made

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