Kosmos Energy notes the announcement by Golar LNG Limited that the FLNG Gimi has reached Commercial Operations Date for the 20-year Lease and Operate Agreement with BP for the Greater Tortue Ahmeyim project offshore Mauritania and Senegal. The announcement of COD marks a significant milestone for the project partners, as LNG production volumes have successfully been ramped up to a level equivalent to the annual contracted [...]
The Government of Ghana, Tullow Oil, Kosmos Energy, PetroSA, Ghana National Petroleum Company and Explorco are pleased to announce that they have entered into a Memorandum of Understanding to extend the West Cape Three Points and Deep Water Tano licenses to 2040, which cover the Jubilee and TEN fields in Ghana. The MOU includes approval to drill up to 20 additional wells in the Jubilee field, representing investment of up [...]
Kosmos Energy Ltd. announced today its financial and operating results for the first quarter of 2025. For the quarter, the Company generated a net loss of $111 million, or $0.23 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $105 million, or $0.22 per diluted share for the first quarter of 2025. FIRST QUARTER 2025 HIGHLIGHTS Net [...]
Kosmos Energy notes the announcement today from BP plc that the first cargo of liquified natural gas has been safely loaded from the Greater Tortue Ahmeyim LNG project, offshore Mauritania & Senegal. The first shipment of LNG was transferred to the "British Sponsor" LNG carrier from Golar LNG's floating liquefied natural gas vessel located approximately 10 kilometers offshore, where the natural gas was liquefied and [...]
Kosmos Energy announced today the following schedule for its first quarter 2025 results: Earnings Release: Tuesday, May 6, 2025, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Tuesday, May 6, 2025, at 11:00 a.m. ET. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy Ltd. announced today its financial and operating results for the fourth quarter of 2024. For the quarter, the Company generated a net loss of $7 million, or $0.01 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $16 million, or $0.03 per diluted share for the fourth quarter of 2024. FOURTH QUARTER 2024 HIGHLIGHTS Zero [...]
Kosmos Energy today announces that first liquified natural gas production has been achieved at the bp-operated Greater Tortue Ahmeyim LNG project, offshore Mauritania & Senegal. On December 31, 2024, gas from the first phase of GTA started to flow from wells to the floating production storage and offloading vessel as part of the commissioning process. At the FPSO, gas is being processed to remove any condensate, water and [...]
Kosmos Energy announced today the following schedule for its fourth quarter 2024 results: Earnings Release: Monday, February 24, 2025, pre-UK market open via Business Wire, Regulatory News Service, and the Company's website at www.kosmosenergy.com. Conference Call: Monday, February 24, 2025, at 11:00 a.m. ET. The call will be available via telephone and webcast. Dial-in telephone numbers: Toll Free: 1-877-407-0784 [...]
Kosmos Energy notes the announcement today from BP plc that first gas production has been achieved at the Greater Tortue Ahmeyim liquefied natural gas project offshore Mauritania and Senegal. On December 31, 2024, gas from the first phase of GTA started to flow from wells to the floating production storage and offloading vessel ahead of delivery to the floating LNG vessel for liquefaction. Once fully commissioned, GTA [...]
Further to the announcements made by Tullow Oil Plc and Kosmos Energy Ltd. in relation to very preliminary discussions about Kosmos' possible offer for Tullow, Kosmos now confirms that it does not intend to make a firm offer for Tullow at this time and is consequently bound by the restrictions under Rule 2.8 of the Code, save in the circumstances set out below. This is a statement to which Rule 2.8 of the Code applies. As [...]
Kosmos Energy Ltd. notes today's announcement by Tullow Oil Plc regarding a potential transaction involving Tullow and Kosmos and confirms that it is in very preliminary discussions with Tullow regarding a possible all-share offer by Kosmos for Tullow. There can be no certainty that any offer will be made, nor as to the terms on which any offer might be made. Pursuant to Rule 2.5 of the Code, Kosmos reserves the right to [...]
Kosmos Energy Ltd. announced today its financial and operating results for the third quarter of 2024. For the quarter, the Company generated a net income of $45 million, or $0.09 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income of $38 million, or $0.08 per diluted share for the third quarter of 2024. THIRD QUARTER 2024 HIGHLIGHTS Net [...]