iHub News
2月前
Energy shares slide as oil prices drop following Iran strike delayMarch 23, 2026 9:58 AM
IH Market News
Energy stocks moved lower on Monday after crude oil prices plunged by as much as 13% following President Donald Trump’s decision to delay planned military strikes targeting Iranian power plants and energy infrastructure.Shares of Occidental Petroleum (NYSE:OXY) declined 4%, while Devon Energy (NYSE:DVN) lost 2%. Chevron (NYSE:CVX) slipped 1%, and Exxon Mobil (NYSE:XOM) dropped 1.7%.Smaller energy producers posted sharper losses. Kosmos Energy (NYSE:KOS) sank 7%, Sable Offshore (NYSE:SOC) fell 6.6%, and CVR Energy (NYSE:CVI) slid 5%. Diamondback Energy (NASDAQ:FANG) edged down 1%, while APA Corporation (NASDAQ:APA) and Cheniere Energy (NYSE:LNG) each retreated 2%.The downturn followed Trump’s announcement that he had instructed the military to postpone strikes against Iran’s electricity infrastructure. Just days earlier, the president had warned that U.S. forces would target Iran’s power plants if Tehran failed to reopen the Strait of Hormuz within a 48-hour deadline.Iran later rejected claims that any discussions had taken place with Trump, according to a report from Fars News.The sharp fall in crude prices pressured energy stocks broadly, particularly companies with significant exposure to oil production and liquefied natural gas exports, which recorded the steepest declines.Occidental Petroleum stock priceDevon Energy stock priceChevron stock priceExxonMobil stock price
Original: Energy shares slide as oil prices drop following Iran strike delay
iHub News
3月前
Kosmos Energy guides lower exploration spending, beats forecastsMarch 2, 2026 8:12 AM
IH Market News
Kosmos Energy (NYSE:KOS) released its 2026 outlook on Monday, forecasting exploration expenditures of between $10 million and $30 million — well below the Bloomberg consensus estimate of $48 million.The company expects annual production to average between 70,000 and 78,000 barrels of oil equivalent per day. Capital spending for 2026 is projected at approximately $350 million, broadly in line with 2025 levels when adjusted for the TEN FPSO acquisition, with roughly two-thirds of investment directed toward drilling activity at the Jubilee field.“With both of these key assets delivering as anticipated, we expect 2026 production growth of around 15% year-on-year,” the company stated.For the fourth quarter, Kosmos reported an adjusted loss of 16 cents per share, compared with a 3.0-cent loss a year earlier. Total revenues and other income fell 25% year over year to $296.5 million, below analyst expectations of $315.8 million.Sales volumes totaled 5.79 million barrels of oil equivalent, representing a 4.2% decline from the prior year. Production in Ghana averaged 31,100 barrels of oil equivalent per day, down 19% year over year. Output in the U.S. Gulf of Mexico averaged 16,900 barrels per day, a 7.1% decrease and slightly below estimates of 17,239 barrels per day, while production in Equatorial Guinea dropped 43% year over year to 16,200 barrels per day.Exploration spending rose sharply, increasing 94% year over year to $154.9 million and significantly exceeding expectations of $12.2 million. Cash generated from operating activities fell 80% to $35.3 million, also missing forecasts of $97.9 million.EBITDAX declined 41% year over year to $136.2 million, below estimates of $167 million. The adjusted net loss widened to $77.6 million from $15.6 million in the previous year, broadly matching the expected loss of $76.9 million.Net debt increased 9.9% year over year to $2.98 billion, slightly higher than the $2.9 billion estimate. The company added, “In 2026, we are targeting at least 10% debt reduction by year-end.”Kosmos Energy stock price
Original: Kosmos Energy guides lower exploration spending, beats forecasts
US Market News
3月前
Kosmos Energy Announces Sale of Equatorial Guinea Production Assets to Panoro Energy for up to $219.5 MillionFebruary 24, 2026 4:17 PM
Business Wire
Optimizes portfolio, high grades capital allocation, lowers costs and enhances liquidity
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments of up to $39.5 million.
Under the terms of the agreement, Panoro will acquire the Kosmos subsidiary that owns an interest in Block G where the Ceiba and Okume production assets are located (the “Assets”). The consideration consists of an upfront cash payment of $180 million, subject to certain adjustments, plus contingent payments of $12.5 million linked to production performance at the Ceiba field and $9 million payable in each of 2027, 2028 and 2029, which are subject to certain oil price and production thresholds.
The transaction enhances liquidity from monetizing non-core assets and accelerates debt reduction. Proceeds will be used to reduce borrowings outstanding under the reserves-based lending (RBL) credit facility.
The transaction has an effective date of January 1, 2025, and is expected to close mid-year 2026, The transaction has received approval from the Government of Equatorial Guinea, and completion only remains subject to CEMAC customary approval. Over the two-year period post completion of the transaction, Kosmos expects to realize approximately $100 million in total savings across capital expenditures and general and administrative expenses.
Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said: “This transaction reflects our continued focus on capital discipline and balance sheet resilience. The high-grading of the portfolio by accelerating the monetization of later-life, non-operated production assets enables Kosmos to focus our capital and expertise on our world-class assets where we can add the most value for our stakeholders over the long-term. The proceeds from the transaction enhance liquidity and accelerate debt reduction, while the contingent payments ensure we retain exposure to future upside.”
About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. Additionally, in the proven basins where we operate, we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260224833056/en/
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
Original: Kosmos Energy Announces Sale of Equatorial Guinea Production Assets to Panoro Energy for up to $219.5 Million
US Market News
3月前
Kosmos Energy Announces Ratification of Ghana License Extensions by Parliament and Provides Trading UpdateFebruary 20, 2026 2:00 AM
Business Wire
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to confirm that the license extensions for the West Cape Three Points and Deepwater Tano Petroleum Agreements, which cover the Jubilee and TEN fields in Ghana, have been formally ratified by the Ghanaian parliament. The licenses now extend to 2040.
The license extensions bring key benefits to Ghana including up to $2 billion in incremental investment as well as higher volumes of affordable gas from the fields for domestic power generation. Kosmos is pleased to have played a leading role in progressing, negotiating and executing these extensions. As part of the extensions, the amended Jubilee plan of development will include up to 20 additional wells in the field and, as a result, Kosmos expects to realize an increase in Jubilee 2P reserves.
At the Jubilee field, the J74 well that came online in early January is now fully ramped up. Gross daily production from the well is ~13,000 barrels of oil per day (bopd), increasing average gross Jubilee oil production to over 70,000 bopd in February month-to-date, in line with Kosmos expectations. The first well of the five-well 2026 drilling campaign, J75, has been drilled, encountering approximately 40 meters of net pay. J75 is expected to be completed in three zones, similar to the J74 and J72 wells, and is expected online around the end of the first quarter.
At the TEN fields, the partnership has signed this week a sale and purchase agreement (SPA) to acquire the floating production, storage and offloading vessel (FPSO) for a gross consideration of $205 million (~$40 million net to Kosmos) to be paid upon completion at the end of the first quarter of 2027. Signing of the SPA is expected to result in material operating expense reductions in 2026 onwards.
In Mauritania and Senegal, Phase 1 of the Greater Tortue Ahmeyim (GTA) LNG project shipped 3.5 gross LNG cargos in January. The field has averaged production of ~2.9 million tonnes per annum (mtpa) equivalent (vs. 2.7 mtpa nameplate capacity) year-to-date, highlighting the continued strong operating performance of the asset.
On the financial side of the business, in January, Kosmos successfully completed a $350 million Norwegian bond that was well supported by both existing and new investors. Kosmos used $100 million to repay borrowings under the Reserve Base Lending (RBL) facility with the remainder to be used to repurchase Kosmos’ 2027 senior unsecured notes. The company has also started to hedge 2027 production with two million barrels of oil hedged with a floor of $60/barrel.
Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said: “Parliamentary ratification of the license extensions in Ghana marks an important milestone for the country, and Kosmos is proud to have led the work with the Government of Ghana to execute these agreements. Jubilee is a world-class oil field with significant remaining potential that can be unlocked through continued investment, regular drilling and high facility reliability, supported by the latest seismic acquisition and processing technologies.
“As the partnership advances the current drilling program, Jubilee production continues to rise in line with our expectations. With Jubilee output exceeding 70,000 bopd and GTA producing above nameplate capacity, Kosmos’ total production has reached record levels.
“This improved performance, combined with the financial progress we are making, strengthens the resilience of the company and ensures we are well positioned to create long-term value for our shareholders.”
About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. Additionally, in the proven basins where we operate, we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260219846598/en/
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
Original: Kosmos Energy Announces Ratification of Ghana License Extensions by Parliament and Provides Trading Update
US Market News
4月前
Kosmos Energy to Host Fourth Quarter 2025 Results and Webcast on March 2, 2026February 2, 2026 2:00 AM
Business Wire
Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its fourth quarter 2025 results:
Earnings Release: Monday, March 2, 2026, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com.
Conference Call: Monday, March 2, 2026, at 11:00 a.m. ET. The call will be available via telephone and webcast.
Dial-in telephone numbers:
Toll Free: 1-800-715-9871
Toll/International: 1-646-307-1963
UK Toll Free: 0800 260 6466
Webcast:
investors.kosmosenergy.com
Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event.
About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. Additionally, in the proven basins where we operate we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS.
As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260201636508/en/
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
Original: Kosmos Energy to Host Fourth Quarter 2025 Results and Webcast on March 2, 2026
Captainandy
4年前
#KOS: Kosmos Energy Provides Further Update on Greater Tortue Ahmeyim FPSO $5.63
https://www.kosmosenergy.com/
https://pbs.twimg.com/profile_images/2226982413/kosmos-twitter1__4__400x400.jpg
09/27/22 06:00 GMT
PDF Version
DALLAS--(BUSINESS WIRE)--Sept. 27, 2022-
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) reported on September 15, 2022 that the floating production, storage and offloading vessel (“FPSO”) for the Greater Tortue Ahmeyim project (“GTA”) had drifted approximately 200 meters off the quayside following the impact of Typhoon Muifa.
Kosmos has been informed by BP, the operator of the GTA project, that the FPSO has been returned to the quayside of the COSCO shipyard in China.
Inspections conducted to date have not identified any significant damage. The forward plan is to complete all inspections and incorporate the findings into the remaining work scope prior to sailaway. Kosmos will give a further project update alongside its third quarter results in early November.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
https://investors.kosmosenergy.com/news-releases/news-release-details/kosmos-energy-provides-further-update-greater-tortue-ahmeyim