• Upstream
  • Pipelines & Transport
  • Downstream
Friday, August 1, 2025
Oil&Gas Advancement
  • Home
  • News
    Hungary Russia Serbia Deal on Imports of Russian Crude Oil

    Hungary, Russia, Serbia Deal on Imports of Russian Crude Oil

    EQT Expands Gas Operations with Olympus Energy Acquisition

    EQT Expands Gas Operations with Olympus Energy Acquisition

    Turkey Iraq Pipeline Deal and Energy Cooperation Plans

    Turkey-Iraq Pipeline Deal and Energy Cooperation Plans

    Aker BP JAPEX Norge Collaborate on North Sea Asset Trade

    Aker BP, JAPEX Norge Collaborate on North Sea Asset Trade

    Eni Ghana Expands Natural

    Eni Ghana Expands Natural Gas for OCTP to Power Ghana

    CNOOC Makes Landmark Offshore Oil Gas

    CNOOC Makes Landmark Offshore Oil & Gas Discovery

    Shell Receives Approval

    Shell Receives Approval for Oil & Gas Drilling Project

    Var Energi Partners with TechnipFMC

    Var Energi Partners with TechnipFMC for Subsea Projects

    Equinor Has Made Gas Discovery Near Major Export Facility

    Equinor Has Made Gas Discovery Near Major Export Facility

  • Projects
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Eni Ghana Expands Natural

    Eni Ghana Expands Natural Gas for OCTP to Power Ghana

    Var Energi Partners with TechnipFMC

    Var Energi Partners with TechnipFMC for Subsea Projects

    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Africa

Kosmos Energy Acquires Hess Corp. Assets in Equatorial Guinea

in Africa, Market Reports, Upstream
Share on FacebookShare on Twitter

Kosmos Energy will acquire the assets from Hess; existing investors Tullow Oil and GEPetrol will enter partnership with the new operator

  • US oil company Hess Corporation will give up its 85-percent stake in the producing Ceiba and Okume oilfields offshore Rio Muni, Equatorial Guinea.
  • Kosmos Energy will acquire the assets from Hess; existing investors Tullow Oil and GEPetrol will enter partnership with the new operator.
  • With the purchase of Ceiba and Okume and its entry as an explorer into Block EG-21, Block S and Block W, Kosmos is now a large acreage holder in the Rio Muni basin.

The assets of Hess Co rporation (www.Hess.com) in Equatorial Guinea will be acquired by Kosmos Energy (NYSE: KOS) (www.KosmosEnergy.com), the Ministry of Mines and Hydrocarbons has announced. The landmark sale transfers majority ownership and operatorship of two legacy oil producing areas in the Rio Muni basin, Ceiba and Okume, to Kosmos.Â

Hess’ exit from Equatorial Guinea comes after nearly two decades of operations at the Ceiba field and Okume complex, which began producing in 2000 and 2006, respectively. The company operates the two producing areas and has an 85 percent stake. Partners Tullow Oil (15 percent) and national oil company GEPetrol (5 percent carried interest) will work with new operator Kosmos Energy once the asset sale is finalized by the end of 2017.Â

“We thank Hess for its years of service, for its input of technology, knowledge and financing, and above all for its careful stewardship of these important national resources,” said Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima.Â

In addition to Kosmos’ asset acquisition of Ceiba and Okume, Kosmos also signed three production sharing contracts today with the Ministry of Mines and Hydrocarbons and GEPetrol. The purchase of Hess’ assets and new licenses make Kosmos the biggest petroleum explorer by acreage and the sole producer in Equatorial Guinea’s Rio Muni southern maritime area.

Previous Post

Noble Energy Partners Enters Into Agreement to Negotiate on UK Pipelines

Next Post

Aramco Overseas Company B.V. enters into arrangement to buy stake in Rotterdam terminal from Gunvor

Related Posts

EQT Expands Gas Operations with Olympus Energy Acquisition
News

EQT Expands Gas Operations with Olympus Energy Acquisition

July 31, 2025
Aker BP JAPEX Norge Collaborate on North Sea Asset Trade
Exploration Development

Aker BP, JAPEX Norge Collaborate on North Sea Asset Trade

July 31, 2025
CNOOC Makes Landmark Offshore Oil Gas
Exploration Development

CNOOC Makes Landmark Offshore Oil & Gas Discovery

July 21, 2025
Shell Receives Approval
Africa

Shell Receives Approval for Oil & Gas Drilling Project

July 21, 2025
Var Energi Partners with TechnipFMC
Drilling

Var Energi Partners with TechnipFMC for Subsea Projects

July 21, 2025
AI Technology Maturing the Oil and Gas Workforce
Market Reports

AI & Technology Maturing the Oil and Gas Workforce

July 19, 2025
Next Post

Aramco Overseas Company B.V. enters into arrangement to buy stake in Rotterdam terminal from Gunvor

LatestNews

EQT Expands Gas Operations with Olympus Energy Acquisition
News

EQT Expands Gas Operations with Olympus Energy Acquisition

July 31, 2025
Turkey Iraq Pipeline Deal and Energy Cooperation Plans
News

Turkey-Iraq Pipeline Deal and Energy Cooperation Plans

July 31, 2025
Aker BP JAPEX Norge Collaborate on North Sea Asset Trade
Exploration Development

Aker BP, JAPEX Norge Collaborate on North Sea Asset Trade

July 31, 2025
Eni Ghana Expands Natural
News

Eni Ghana Expands Natural Gas for OCTP to Power Ghana

July 28, 2025
CNOOC Makes Landmark Offshore Oil Gas
Exploration Development

CNOOC Makes Landmark Offshore Oil & Gas Discovery

July 21, 2025
Shell Receives Approval
Africa

Shell Receives Approval for Oil & Gas Drilling Project

July 21, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.