-
Trump Signals Willingness to Work With Democrats After Midterm Defeat
-
Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
-
Qatar media bodies discuss support for humanitarian initiatives
-
Galloway accuser could not foresee publishing-sector fallout, lawyer argues
-
No. 22 UCLA defeats No. 5 Arizona 84-75 despite Kharchenkov's 38 points
-
New York City Center revives In the Heights as a timely community story
-
Vessel operator seeks witnesses after Vancouver grounding
-
Godzilla Minus Zero shifts focus toward postwar human drama
-
US Air Force deploys F-16 fighters to remote Aleutian base for readiness drill
-
Mehbooba Mufti urges dialogue and renewed Central Asia links for Kashmir
-
Bezos grant helps Seattle nonprofit move thousands of families toward housing
-
Seacliff Healthcare Seeks Specialist GP in Thirroul
-
Shrini Srivastava joins crew of Varanasi-Delhi Vande Bharat Sleeper service
-
US stocks fall before midterm Election Day as technology shares weaken
-
Nearly Half of Australian Workers Overqualified, Survey Finds
-
BLS Polymers makes strong market debut at ₹248 per share
-
RBI eases export-declaration compliance for individual service exporters
-
Petrol and diesel prices remain broadly steady across major Indian cities
-
India proposes more import entry points for drugs and medical devices
-
Reliance shares remain in focus after near-12% surge
-
Derek Tierney Outlines Ten-Year Strategy for National Digital Health System
-
2026 Arizona Midterms: Key Races, Ballot Measures, and Voter Deadlines
-
NBC’s Steve Kornacki Reveals Tech Habits Ahead of Midterm Elections
-
Coal India prepares possible $1 billion Mahanadi Coalfields listing
-
India and Israel oppose UN draft on regional conventional arms control
-
Julia Stiles and Ezra Sosa Share Emotional Farewell After 'DWTS' Elimination
-
BLS Polymers shares open 65.3% above IPO price
-
US Buildings Threatened by Wildfires Could Triple by 2060
-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
Why Pregnancy Cost Estimates Fail: A Family’s $9,000 Surprise
-
Latino Voters Defy ICE Fears, Turn Out in Record Numbers for Midterms
-
US Strikes Iranian Targets in Strait of Hormuz Ahead of Midterms
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Brodeur’s Overtime Goal Secures Bethlehem’s Second Consecutive Sectional Title
-
Reliance rally puts historical one-year return pattern in focus
-
Rare 1970 Plymouth ‘Cuda 426 Hemi Listed for $400,000
-
Kuwait edges Oman 1-0 in veterans Gulf Cup in Doha
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
Production starts at Senegal's first offshore oil field
Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country's first offshore project.
While Senegal's fossil fuel output is not expected to be as high as that of bigger producers such as Nigeria, there are hopes the oil and gas industry will bring billions of dollars in revenue to the country and contribute to transforming its economy.
"This is a historic day for Senegal and for Woodside," said the company's chief executive, Meg O'Neill, calling the extraction of "first oil" from the Sangomar field "a key milestone".
The floating facility is moored about 100 kilometres (60 miles) offshore. The vessel has a storage capacity of 1.3 million barrels, Woodside said.
The deepwater project aims to produce 100,000 barrels of oil per day. The field also contains natural gas.
Woodside has an 82-percent stake in the deepwater project with the remainder held by Senegal's state-owned energy company Petrosen.
The discovery of oil and gas fields in 2014 raised great hopes for the developing country, with state-owned energy firm Petrosen expecting the sector to generate more than $1 billion per year over the next three decades.
Petrosen general manager Thierno Ly said the start of production marked "a new era" for Senegal's "industry and economy".
"We have never been so well positioned for opportunities for growth, innovation and success in the economic and social development of our nation," he said.
The Phase 1 development of the Sangomar field comprises 23 wells, 21 of which have been drilled.
Senegalese President Bassirou Diomaye Faye, who took office in April, has announced the renegotiation of oil and gas contracts as part of reforms he promised during the election campaign.
- Climate change -
Senegal also has a liquefied natural gas project at its border with Mauritania and production there could begin in the third quarter.
The Greater Tortue Ahmeyim LNG project -- which involves British energy giant BP, US firm Kosmos Energy, Mauritanian oil and gas company SHM and Petrosen -- aims to produce around 2.5 million tonnes of LNG per year.
Several African countries are pursuing oil and gas projects despite pressure on nations worldwide to phase out fossil fuels, which generate climate-heating greenhouse gases.
The African nations concerned argue it is unfair to impose such restrictions on them when the West has become rich from fossil fuels.
At the same time, the continent is already bearing the brunt of rising temperatures and changing rain patterns, which the United Nations says are "threatening human health and safety, food and water security and socio-economic development in Africa".
U.Maertens--VB