Kosmos' Chambers to speak at Scotia Howard Weil Energy Conference

Thomas P. Chambers will present at the Scotia Howard Weil 44th Annual Energy Conference Wednesday. As an oil and gas exploration company, Kosmos focuses on frontier and emerging areas along the Atlantic Margin. It has projects offshore in Ghana, Mauritania and Senegal and has exploration licenses offshore in Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara. Read More »

Kosmos declares successful appraisal from off-coast well

Kosmos Energy, an oil and gas exploration and production company, announced its successful appraisal Wednesday of Ahmeyim and Guembeul gas off the coast of Mauritania and Senegal, which will result in higher gross resources. The discovery was made due to the Ahmeyim-2 exploration and appraisal well, which drilled to 5,200 meters, and in the Lower Cenomanian and Albian, which increased from 50 square kilometers to 90 square kilometers. In addition to the increase in field area, the well also foun Read More »

Port of Houston offering container service to West Africa

The Port of Houston Authority in Texas achieved a milestone Friday, with its inaugural regular direct container service to West Africa from the authority's Barnours Cut Container Terminal. The Port of Houston Authority is the largest container port in the U.S. Gulf of Mexico; its workers handle approximately two-thirds of all the gulf's container traffic. The carrier used for the historic launch was Grimaldi Lines. Read More »

PwC report highlights challenges in Africa's capital markets

African capital markets experienced some hard times in 2015, according to PwC "2015 Africa Capital Markets Watch" released Monday. The report includes studies of equity and debt capital market transactions that took place between 2011 and 2015 on exchanges across Africa; it also looks at transactions completed by African corporations using international exchanges. Read More »

Hyperdynamics levels lawsuits over offshore Guinea drilling project

Hyperdynamics Corp. and its subsidiary, SCS Corp., leveled lawsuits against Tullow Guinea Ltd. and Dana Petroleum Monday, alleging Tullow and Dana did not follow through on the terms of a JOA. Hyperdynamics also claims that officials of the companies have refused to sign a production sharing contract with Guinea connected to a well-drilling project in offshore Guinea. Read More »

Offshore Guinea drilling project at standstill

An offshore Guinea oil and gas exploration project led by Hyperdynamics Corp. is at a standstill after project participants Tullow Guinea Ltd. and Dana Petroleum recently refused to meet obligations or sign pertinent documents necessary to move the project forward. The project carries a September 2015 deadline. Up to this point, all work programs and budgets had been approved. Read More »