Oil prices started the week positively on expectations that OPEC+ will keep output levels unchanged in February and as Chinese oil demand is recording a weather-related uptick
Exploration
Kosmos Energy completes farm down of exploration assets to Shell
Kosmos Energy has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately US$95mn million plus future contingent payments of up to US$100mn
ExxonMobil announces emission reduction plans
ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15-20% by 2025, compared to 2016 levels
Subsea 7 awarded contract offshore Angola
Subsea 7 has announced the award of a substantial contract by Cabinda Gulf Oil Company Limited (CABGOC) for the Sanha Lean Gas Connection (SLGC) project
Equatorial Guinea makes advances on 100-Day petroleum milestones
Drilling plans, natural gas downstream investments, cross-border negotiations and a complete overhaul of the mining sector are just a few of the initiatives that Minister of Mines and Hydrocarbons HE Gabriel Mbaga Obiang Lima’s team has undertaken in recent months
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