Senegal-Mauritania deal boosts LNG export project
BP and Kosmos Energy plan to give the Greater Tortue development the green light later this year
The signing of an inter-governmental cooperation agreement between Senegal and Mauritania to develop substantial gas resources shared by the two countries has improved the chances that BP and Kosmos will make a positive final investment decision (FID) on the Greater Tortue project in the coming months. Senegalese president Macky Sall and his Mauritanian counterpart Mohamed Ould Abdel Aziz oversaw the signing of the accord by their energy ministers in the Mauritanian capital Nouakchott on 9 February. In response, Kosmos said it now expected to take FID on the project before the end of this year, while Bernard Looney, BP's head of Upstream called the pact an "an important milestone". Last mont
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
