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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. This Shelf Edge Prospect targeting a dual objective in 1,100 m water depth is in the Sangomar Deep block.

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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.

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