Kosmos Energy Company News

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Seadrill Wins GOM Contracts
Monday, November 23, 2020Seadrill Ltd has added approximately $52 million of backlog following the end of the third quarter of 2020.

Siemens Alum Joins Phillips 66 Board
Monday, October 12, 2020The board of Phillips 66 has named Lisa A. Davis an independent director of the company.

Kosmos' Greater Tortue Ahmeyim Project Hits Delays
Thursday, April 09, 2020First gas is now anticipated in the first half of 2023.

Kosmos Plans More than $235MM in Cost Savings
Wednesday, March 18, 2020Responding to volatile market conditions, Kosmos Energy on Tuesday unveiled an action plan to cut spending by more than $235 million.

Kosmos’ Ghana Performance Boosts 1P Reserves
Thursday, February 13, 2020It marks the seventh consecutive year of greater than 100 percent of production replacement for Kosmos.

Kosmos Abandons Oldfield Well in the Gulf
Thursday, January 30, 2020Kosmos expects to record about $24 million of exploration expense related to the drilling project.

New Gas Finds Creating Opportunity in West Africa
Wednesday, January 15, 2020It is expected that many of the gas discoveries will help displace oil as a source of more sustainable fuel in the regional mix.

Kosmos Hits Oil Pay in Equatorial Guinea
Monday, November 04, 2019The discovery is the first well in the campaign by Kosmos.

Offshore Senegal Discovery Could Support LNG Project
Monday, September 23, 2019Kosmos reported that the Yakaar-2 appraisal well confirms a world-scale natural gas resource.

Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Kosmos Energy to Relocate to Delaware
Friday, December 21, 2018Kosmos Energy has filed with the US Securities and Exchange Commission to redomesticate from Bermuda to the US.

Kosmos Energy Expands into Gulf of Mexico with $1.23 bln DGE Buy
Monday, August 06, 2018Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico.

Forget Tech, Big Oil is Doling Out America's Fattest Paychecks
Thursday, July 05, 2018Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for U.S. workers.

BP's West Africa Partner Kosmos To List In London By End-September
Wednesday, August 02, 2017Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.

BP, Kosmos Make Major Gas Find Off Coast Of Senegal
Monday, May 08, 2017BP and joint venture partner Kosmos Energy reveal a major gas discovery off Senegal.

BP to Create New LNG Hub in Africa with Latest Kosmos Buy
Monday, December 19, 2016BP signs agreements with Kosmos Energy to acquire a working interest of Kosmos' exploration blocks in Mauritania and a stake in Kosmos' Senegal exploration blocks.

Tullow Starts TEN Production Offshore Ghana
Thursday, August 18, 2016Tullow Oil plc flows first oil from the TEN field offshore Ghana, on time and on budget, 3 years after the Plan of Development was approved by the Government of Ghana in May 2013.

Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Tuesday, July 26, 2016Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.

Kosmos Hits Gas at Ahmeyim-2, Increases Tortue Resources Estimates
Wednesday, March 16, 2016The Ahmeyim-2 appraisal well successfully delineates the Ahmeyim and Guembeul gas discoveries offshore Mauritania and Senegal, encountering 256 feet of net gas pay in the process.

Kosmos Energy Makes 'Significant' Gas Find Offshore Senegal
Wednesday, January 27, 2016The Guembeul-1 exploration well, located in the northern part of the St. Louis offshore profond license area in Senegal, has made a "significant" gas discovery.

Tullow: TEN Project Over 80% Complete, CAPEX Reduction in 2016
Wednesday, January 13, 2016Tullow announces that it will be reducing its capital expenditure in 2016 and that the TEN field, located offshore Ghana, is over 80% complete.

Galp, Kosmos Awarded Sao Tome Block
Tuesday, October 27, 2015Galp Energia and Kosmos Energy are awarded large stakes in Block 6, offshore Sao Tome and Principe.

Europa Boosts Stake in Porcupine Licenses Following Kosmos Exit
Tuesday, September 22, 2015Europa Oil & Gas intends to assume a 100% interest in, and operatorship of, licenses FEL 2/13 and FEL 3/13 in the Porcupine Basin, offshore Ireland, following Kosmos Energy's withdrawal from the Joint Operating Agreements for both licenses.

Porcupine Prospect Could Contain 1.5B Barrels
Tuesday, May 12, 2015The Porcupine Prospect offshore Ireland could contain 1.5 billion barrels of prospective resources, according to a competent persons report from ERC Equipoise.

Cap Boujdour Well Offshore Morocco 'Not Commercial'
Monday, March 02, 2015Kosmos Energy discovers gas and condensate at its Cap Boujdour exploration well but the discovery is deemed non-commercial.

Europa Agrees Farm-Out Deal for Onshore France Permit
Monday, February 16, 2015Europa Oil & Gas signs a farm-out deal with Vermillion REP SAS in relation to its Tarbes Val d'Adour Permit, onshore France.

Chevron Agrees to Acquire 30% Stake in 3 Offshore Blocks in Mauritania
Thursday, February 05, 2015Chevron pens agreement to acquire a 30 percent interest in three blocks offshore Mauritania from Kosmos Energy.

Petrosen Draft: Kosmos To Buy Into Senegal Offshore Blocks For $400M
Monday, October 06, 2014Kosmos Energy is set to sign a $400 million "farm-in" agreement with Petrosen and Timis Corp to take a 60% stake in the Cayar and St. Louis offshore blocks that they operate.

Kosmos to Buy into Senegal Offshore Blocks for $400M
Saturday, October 04, 2014Kosmos Energy is set to spend $400 million on a farm-in deal to take a 60-percent stake in the Cayar and St Louis blocks, offshore Senegal, according to a draft Petrosen document.

Newbuild Atwood Achiever Mobilizes for Drilling Contract in North Africa
Thursday, September 04, 2014Atwood Oceanics takes delivery of the Atwood Achiever drillship from the Daewoo Shipbuilding & Marine Engineering shipyard in South Korea.

Africa's Natural Resources: Focus for Both Oil and Gas Sectors
Wednesday, June 25, 2014Investors estimate that $1.25 trillion will be invested over the 2001 to 2030 period in African energy.

Offshore Morocco Exploration Gathers Pace
Monday, March 17, 2014Cairn completes drilling at its JM-1 well, offshore Morocco, while Kosmos Energy spuds its FA-1 well that is targeting the Eagle prospect in the Foum Assaka area.

Foum Assaka Well Confirmed to Spud in March
Monday, February 24, 2014Kosmos Energy confirms that its FA-1 well on the Foum Assaka license area offshore Morocco will spud in March.

Morocco Says to Follow UN Rules in Disputed Sahara Oil Hunt
Wednesday, February 05, 2014Morocco joins France's Total and U.S. explorer Kosmos to formally pledge that their hunt for oil off the coast of disputed Western Sahara will comply with international rules and the local population would benefit from discoveries.

Providence Starts Planning Seismic Survey over Drombeg
Monday, January 20, 2014Providence Resources begins planning a 3D seismic survey over its Drombeg prospect offshore Ireland.

Offshore Morocco Set for a Busy Year
Friday, January 17, 2014A step-up in exploration drilling off the coast of Morocco is currently taking place as a handful of independents target several prospects located in the country's offshore basins.

Petrofac Director Becomes Kosmos Energy CEO
Monday, January 13, 2014Petrofac announces that one of its director, Andy Inglis, is to take up the position of chief executive at Kosmos Energy.

Kosmos Signs Up Maersk Discoverer for Morocco Drill
Friday, January 03, 2014Kosmos Energy has agreed a one-well rig share deal with BP and Maersk Drilling for the Maersk Discoverer to drill the first Foum Assaka exploration well, offshore Morocco.

Cairn Energy to Take 20 Pct Stake in Kosmos Energy Morocco Block
Monday, October 28, 2013Cairn Energy enters a farm-in agreement with U.S.-based Kosmos Energy and the Moroccan National Oil Co. for a 20 percent non-operated interest in an exploration block in the Atlantic Ocean, offshore Morocco.

Kosmos Completes 3D Seismic Program off Ireland
Thursday, October 24, 2013Kosmos Energy completes a 575-square mile seismic data acquisition program in the South Porcupine Basin, offshore Ireland.

South Porcupine 3D Seismic Program Begins
Monday, July 15, 2013Europa Oil & Gas reports that a 3D seismic data acquisition program has begun in the South Porcupine Basin, offshore Ireland.

Kosmos Comes Up Dry Onshore Cameroon
Tuesday, May 21, 2013Kosmos Energy fails to find commercial hydrocarbons at its Sipo-1 exploration well, onshore Cameroon.

Kosmos Wraps Up Ndian River Block Campaign
Monday, May 20, 2013Kosmos Energy Ltd. announces results from the Sipo-1 exploration well onshore Cameroon.

Kosmos Gets Go-Ahead for Irish Farm-In
Monday, May 13, 2013Europa Oil & Gas reports that an 85-percent farm out of its Irish licensing options to Kosmos Energy has been given the go-ahead by the Irish government.

Europa Achieves Farm-In Deal for Irish Licenses
Thursday, April 18, 2013In a move described by analysts as a 'major milestone', Europa Oil & Gas has signed a deal to farm-in Kosmos Energy to two of its licenses in the South Porcupine Basin, offshore Ireland.

Antrim Farms out License to Kosmos
Thursday, April 18, 2013Kosmos Energy involved in a second offshore Ireland farm-in deal, as Antrim Energy agrees to transfer 75 percent of its Licensing Option 11/05 to the independent oil firm.

Sierra Leone Issues Oil Prospecting Awards to 9 Companies
Tuesday, July 24, 2012Sierra Leone's govt had issued provisional offshore oil prospecting awards to 9 companies after what it described as a "painstaking and time consuming technical evaluation process."

Chevron Joins Kosmos Energy in Offshore Suriname Exploration
Wednesday, June 20, 2012Chevron agrees to take a stake in Kosmos exploration off the coast of Suriname as the oil-and-gas giant aims to expand its efforts in South America.

Kosmos' Appraisal Reveals Non-Commercial Results Offshore Ghana
Friday, May 04, 2012Kosmos Energy announced results from the Teak-4A appraisal well, located in the West Cape Three Points Block, offshore Ghana.

Kosmos Pens PSCs Offshore Mauritania
Monday, April 09, 2012Kosmos Energy has signed three Production Sharing Contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and C13 offshore Mauritania.