Woodside consolidates Sangomar ownership
The Australian producer has upped its stake in the Senegal oil development in two deals, but plans to shed some of that equity this year
Senegal’s offshore Sangomar oil project “remains on track for targeted first oil in 2023”, according to Australian independent Woodside, the operator and majority shareholder. The ASX-listed firm recently increased its stake in the 100,000bl/d scheme by purchasing the interest of UK-headquarted Cairn Energy, and is also poised to acquire the portion belonging to another Australian company, FAR. Woodside confirms that subsea activities remain on schedule and that drilling is due to begin in mid-2021. This year will also see work start in Dalian, China, on the conversion of a very-large crude carrier into a floating production, storage and offloading (FPSO) unit for delivery to the Sangomar de
Also in this section
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
