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OIL AND GAS
Russia interested in oil and gas opportunities in Senegal
by Daniel J. Graeber
Washington (UPI) Apr 17, 2017


Russia has an opportunity to foster a better trade relationship with Senegal, an emerging West African oil producer, the Russian foreign minister said.

Russian Foreign Minister Sergei Lavrov hosted his Senegalese counterpart, Mankeur Ndiaye, at his Moscow office to discuss opportunities in the energy sector.

"Our trade and economic cooperation has been on the rise, our companies have been looking at a number of promising projects in Senegal, including those in the oil and gas industry, ship-building and fishing sectors," the Russia foreign minister was quoted by state news agency Tass as saying.

Russian interest in Senegal follows a March decision by the British subsidiary of China National Offshore Oil Corp. to outline areas of mutual interest offshore Gambia and Senegal with Australian energy company FAR Ltd.

FAR Ltd. has a stake in the SNE and FAN prospects off the coast of Senegal. When discovered in 2014, SNE in particular was considered one of the larger discoveries ever made. By the company's estimates, more than 1.5 billion barrels of oil may be in basins off the coast of Senegal.

According to Tass, the Senegalese foreign minister said Russia was invited to join in the growing investment interest in offshore basins.

"We would like Gazprom's representatives to enter our market and seal the appropriate agreements for developing these deposits," Ndiaye said.

By the estimates of the International Monetary Fund, the Senegalese economy is expected to grow more than 6 percent in 2017, the second year in a row for that growth rate.

OIL AND GAS
Florida lawmaker fending off calls for oil and gas drilling
Washington (UPI) Apr 12, 2017
Amid calls for more oil and gas drilling, a Democratic senator in Florida said he was "beating back" pressure for exploration in the Gulf of Mexico. Industry groups like the American Petroleum Institute have praised executive orders from President Donald Trump that favor the oil and gas industry. With changes in Washington, Kevin Doyle, the Florida director of the Consumer Energy Allian ... read more

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