-
EU defends carbon tax as ministers take over COP30 negotiations
-
McCartney to release silent AI protest song
-
Stocks tepid on uncertainty over earnings, tech rally, US rates
-
Louvre shuts gallery over ceiling safety fears
-
'Stranded, stressed' giraffes in Kenya relocated as habitats encroached
-
US Supreme Court to hear migrant asylum claim case
-
Western aid cuts could cause 22.6 million deaths, researchers say
-
Clarke hails Scotland 'legends' ahead of crunch World Cup qualifier
-
S.Africa says 'suspicious' flights from Israel show 'agenda to cleanse Palestinians'
-
South Korea pledges to phase out coal plants at COP30
-
Ex-PSG footballer Hamraoui claims 3.5m euros damages against club
-
Mbappe, PSG in counterclaims worth hundreds of millions
-
Two newly discovered Bach organ works unveiled in Germany
-
Stocks lower on uncertainty over earnings, tech rally, US rates
-
Barca to make long-awaited Camp Nou return on November 22
-
COP30 talks enter homestretch with UN warning against 'stonewalling'
-
France makes 'historic' accord to sell Ukraine 100 warplanes
-
Delhi car bombing accused appears in Indian court, another suspect held
-
Emirates orders 65 more Boeing 777X planes despite delays
-
Ex-champion Joshua to fight YouTube star Jake Paul
-
Bangladesh court sentences ex-PM to be hanged for crimes against humanity
-
Trade tensions force EU to cut 2026 eurozone growth forecast
-
'Killed without knowing why': Sudanese exiles relive Darfur's past
-
Stocks lower on uncertainty over tech rally, US rates
-
Death toll from Indonesia landslides rises to 18
-
Macron, Zelensky sign accord for Ukraine to buy French fighter jets
-
India Delhi car bomb accused appears in court
-
Bangladesh ex-PM sentenced to be hanged for crimes against humanity
-
Leftist, far-right candidates advance to Chilean presidential run-off
-
Bangladesh's Hasina: from PM to crimes against humanity convict
-
Rugby chiefs unveil 'watershed' Nations Championship
-
EU predicts less eurozone 2026 growth due to trade tensions
-
Swiss growth suffered from US tariffs in Q3: data
-
Bangladesh ex-PM sentenced to death for crimes against humanity
-
Singapore jails 'attention seeking' Australian over Ariana Grande incident
-
Tom Cruise receives honorary Oscar for illustrious career
-
Fury in China over Japan PM's Taiwan comments
-
Carbon capture promoters turn up in numbers at COP30: NGO
-
Japan-China spat over Taiwan comments sinks tourism stocks
-
No Wemby, no Castle, no problem as NBA Spurs rip Kings
-
In reversal, Trump supports House vote to release Epstein files
-
Gauff-led holders USA to face Spain, Argentina at United Cup
-
Ecuador voters reject return of US military bases
-
Bodyline and Bradman to Botham and Stokes: five great Ashes series
-
Iran girls kick down social barriers with karate
-
Asian markets struggle as fears build over tech rally, US rates
-
Australia's 'Dad's Army' ready to show experience counts in Ashes
-
UN Security Council set to vote on international force for Gaza
-
Japan-China spat sinks tourism stocks
-
Ecuador voters set to reject return of US military bases
| CMSC | -0.21% | 23.849 | $ | |
| RBGPF | 0.46% | 76 | $ | |
| RYCEF | -1.04% | 14.4 | $ | |
| NGG | 0.65% | 77.89 | $ | |
| SCS | -0.71% | 15.59 | $ | |
| RIO | 0.62% | 71.072 | $ | |
| CMSD | -0.46% | 23.88 | $ | |
| RELX | -1.83% | 40.587 | $ | |
| JRI | -0.81% | 13.54 | $ | |
| BTI | 1.31% | 54.85 | $ | |
| GSK | 1.37% | 47.835 | $ | |
| BP | 0.88% | 36.855 | $ | |
| VOD | -0.08% | 12.31 | $ | |
| AZN | 0.78% | 89.8 | $ | |
| BCC | -2.15% | 67.59 | $ | |
| BCE | 0.47% | 22.938 | $ |
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".
G.AbuHamad--SF-PST