- Reuters
Arbitration rules in favour of BP as sole buyer of Kosmos Energy's Senegal LNG project
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore Senegal and Mauritania. Last year, Kosmos Energy, a U.S.-listed oil and gas exploration company, and BP Gas Marketing, a BP subsidiary, sought arbitration from the International Chamber of Commerce over planned LNG sales from Phase 1 of the GTA project. The chamber informed Kosmos Energy Ltd that a final, binding award prohibits it from selling LNG cargos to third parties during the contract term of the LNG sales agreement, which has an option to end in 2033, Kosmos said in a statement.
- Zacks
BP Ditches 2030 Oil Output Cut in Shift Back to Hydrocarbons
BP abandons its ambitious target to reduce oil and gas production by 2030, refocusing on boosting hydrocarbon output and shareholder returns, while maintaining its 2050 net-zero goal.
- Zacks
TotalEnergies to Acquire 50% Stake in Germany Offshore Wind Projects
TTE signs deal to buy 50% stake in two offshore wind projects. TTE will be able to supply green electrons to help decarbonize the nation's electricity and industry.
