Kosmos Energy announces fourth quarter and full year 2020 results
22 Feb 2021
Kosmos Energy has announced its financial and operating results for the fourth quarter of 2020. For the quarter, the Company generated a net income of $8 million, or $0.02 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $49 million or $0.12 per diluted share for the fourth quarter of 2020.
FOURTH QUARTER 2020 HIGHLIGHTS
Net Production
Revenues - $274 million, or $41.84 per boe
Production expense - $104 million, or $15.85 per boe
General and administrative expenses - $15 million, $9 million cash expense and $6 million non-cash
Capital expenditures:
As a University of Queensland researcher examined a 4600-year-old Egyptian painting last year, a speckled goose caught his eye. UQ scientist Dr Anthony.
Saipem has received from Qatargas a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East coast of Qatar peninsula. The contract is worth approx. 1.7 billion USD.
UK: DNV GL secures three-year services contract for Total’s UK assets
22 Feb 2021
DNV GL has been awarded a three-year contract by
Total E&P UK to provide multiple services across the full portfolio of the international operator’s oil and gas assets in the UK North Sea.
DNV GL, the independent energy expert and assurance provider, will provide core services such as verification, classification and flag, risk advisory services and major accident hazard awareness training. These will be carried out for assets, including the
Shetland Gas Plant, Elgin Franklin and
Alwyn, in continuing on
Gryphon.
The company has built and maintained a strong relationship, centred on trust, with Total following the Paris-headquartered operator’s acquisition of Maersk Oil’s production assets in 2018 – for which DNV GL was the incumbent safety services provider.
Eni strategic plan 2021-2024: towards zero emissions
22 Feb 2021 Eni is strongly committed to continue to play a key role in sustainability and innovation, supporting social and economic development in all our activities.
Today we are taking another step forward in boosting our transformation. We commit to the full decarbonization of all our products and processes by 2050. Our plan is concrete, detailed, economically sustainable and technologically proven.
Today we are also announcing
the merge of our renewable and retail businesses. With this new entity, our large customer base will continue to grow in synergy with our renewable business.
Additionally, the combination of our bio-refining and marketing businesses will play an important role in delivering sustainable mobility. These initiatives will greatly contribute to the decarbonization of our products, impacting positively on our customers.