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SYDNEY (Reuters)- - Woodside Energy (WPN.AX) has secured a 35 percent stake in three oil and gas tenements off West Africa after buying ConocoPhillips Senegal BV for $350 million.
Woodside CEO Peter Coleman said in a statement on Saturday Woodside would be working with partners to commercialize the promising SNE and FAN deep-water oil discoveries off the coast of Senegal.
"We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries," Coleman said.
The deal comes after ConocoPhillips's (COP.N) partner in the SNE field, FAR Ltd (FAR.AX) in August attempted to thwart the arrangement between ConocoPhillips and Woodside, claiming ConocoPhillips had breached their joint operating agreement.
MOSCOW Rosneft has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft, the Russian energy company said in a regulatory statement released late on Friday.
U.S. oil drillers cut rigs this week for the first time since June, ending a 17-week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling.
FRANKFURT A third firefighter has died of his injuries following last week's explosion at the headquarters of German chemicals group BASF, the company said on Saturday. Thanks.
SYDNEY (Reuters)- - Woodside Energy (WPN.AX) has secured a 35 percent stake in three oil and gas tenements off West Africa after buying ConocoPhillips Senegal BV for $350 million.
Woodside CEO Peter Coleman said in a statement on Saturday Woodside would be working with partners to commercialize the promising SNE and FAN deep-water oil discoveries off the coast of Senegal.
"We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries," Coleman said.
The deal comes after ConocoPhillips's (COP.N) partner in the SNE field, FAR Ltd (FAR.AX) in August attempted to thwart the arrangement between ConocoPhillips and Woodside, claiming ConocoPhillips had breached their joint operating agreement.
MOSCOW Rosneft has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft, the Russian energy company said in a regulatory statement released late on Friday.
U.S. oil drillers cut rigs this week for the first time since June, ending a 17-week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling.
FRANKFURT A third firefighter has died of his injuries following last week's explosion at the headquarters of German chemicals group BASF, the company said on Saturday. Thanks.
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