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Cairn, ConocoPhillips confirm oil find offshore Senegal

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Cairn, ConocoPhillips and their other joint venture partners confirmed that oil was discovered in the FAN-1 exploration well, located approximately 60 miles (97 km) offshore Senegal, in Northwest Africa. It is the third well in Cairn’s North West Africa program and first in Senegal. There are no plans for immediate well testing.

Senegal 186
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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. On 5 August, the BHP Board approved US$544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. An additional US$100 million is payable contingent upon a future FID for a Thebe development.

Future 221
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IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

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This figure includes subsidies to lower the prices of petroleum products, kerosene or liquefied petroleum gas (LPG), typically in developing countries, as well as subsidies to the oil, gas or coal industries, provided by many governments in both developing and developed countries. Tags: Fuels Oil Policy.

Parts 207