Kosmos Energy Rises After Ghana Approves Long-Term Licenses and Reports Strong Production Updates
Kosmos Energy shares rallied 16% after Ghana's parliament ratified extensions to key offshore licenses covering the Jubilee and TEN fields, stretching rights to 2040 and enabling up to $2 billion in incremental investment. The company reported higher Jubilee production, progress on new wells, a planned FPSO purchase for TEN to lower operating costs…