Kosmos Energy Ltd signed a deal to divest its 40.375 percent non-operating stake in the Ceiba field and the Okume Complex offshore Equatorial Guinea to partner Panoro Energy ASA for up to $219.5 million, the companies said Tuesday
The oil and gas sector faces a pivotal moment in 2025 as it deals with complex dynamics from global tensions, evolving policy directions, and rising innovation. The stable pricing in 2024, after many decades, now faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Companies are keeping tight capital control while boosting tech productivity, as analysts predict oil will stay between $70 and $80 per barrel. However, geopolitical instability and unpredictability could push prices higher.