Mozambique News

 

Total Returns to Pre-pandemic Profit Levels

Apr 29, 2021

French energy group Total SE posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.The company, which is branching into renewable energy and diversifying away from hydrocarbon-centered activities, benefited from this drive as areas like oil refining suffered.Total reported an adjusted net income of $3 billion for January-March…

Saipem Posts 1H Loss. Expects Sales Pick-up in 2H

Jul 30, 2021

Italian energy services group Saipem on Friday forecast a sales pick-up in the second half after posting an operating loss in the first six months, hurt by the impact of the COVID-19 pandemic and problems with a wind project.The group posted…

UTM Offshore Taps KBR for Support at Nigeria's First FLNG Project

May 20, 2021

Engineering and construction services giant  KBR has won a contract with Nigeria's UTM Offshore to support the development of Nigeria's first Floating Liquefied Natural Gas (FLNG) facility.Acting as Owner's Engineers, KBR will be responsible…

JGC Lands Pre-FEED Deal for Nigeria's First FLNG Project

May 13, 2021

Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria.The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing…

3t EnerMech Launches Offshore Training Service in Angola. Bags First Contract

May 05, 2021

3t EnerMech, a recently launched alliance between UK-based energy industry training firm 3t Energy and oilfield services provider EnerMech, has launched a training service in Angola, and has already secured a contract with an offshore drilling contractor…

Saipem Warns on Outlook After Mozambique Uncertainty

Apr 28, 2021

Italian energy service group Saipem said it was unable to update its outlook for the year due to uncertainty over a project in Mozambique as it missed first-quarter expectations.Earlier this week French energy group Total declared force majeure…

Total Declares Force Majeure on $20B Mozambique LNG Project After Attacks

Apr 26, 2021

French energy group Total declared force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique and confirmed it had withdrawn all staff from the construction site following insurgent attacks last month.Dozens of civilians…

Mozambique President Vows to Restore Peace in Gas-Rich Cabo Delgado

Apr 21, 2021

Mozambique President Filipe Nyusi said on Wednesday the government will work to restore peace in the country after a deadly militant attack last month near multi-billion-dollar gas projects backed by global oil companies.'We will make all efforts to return peace to our country…

Mozambique: Ferry Carrying Survivors from Deadly Militant Attack on Gas Town Arrives in Pemba

Apr 01, 2021

A boat carrying more than 1,000 survivors of a highly organized, deadly attack by Islamic State-linked insurgents in northern Mozambique arrived in the port of Pemba on Thursday, a Reuters reporter and a diplomatic source said.Aid workers were…

Total to Resume Work at $20B LNG Project in Conflict-hit Mozambique

Mar 24, 2021

Total will gradually resume construction at its $20 billion liquefied natural gas development in northern Mozambique after working with the government to increase the site's security, the French oil major said in a statement on Wednesday.Total…

ABB to Power Total's Mozambique Gas Project

Mar 18, 2021

Power and technology group ABB has won a contract to deliver an end-to-end electrification package for Total's project in Mozambique aimed at developing gas deposits found off the country's coast.The Mozambique LNG project, previously operated by Anadarko…

3t Energy Names Director to Help Drive Expansion, Acquisitions

Mar 18, 2021

3t Energy Group, a UK-based energy industry training services company, has appointed Chris Durling as its new finance director for its training division.Durling comes to 3t Energy Group from EY, where he led the Aberdeen transactions business and EY’s focus on energy services in the UK…

Newly Formed 3t Enermech to Help Train Mozambique Oil Workers

Mar 17, 2021

3t Enermech, an alliance between UK-based energy industry training firm 3t Energy and oilfield services provider EnerMech, has won a contract with the UK Government, 'which will help to shape future training requirements for Mozambique’s growing oil and gas workforce…

CNOOC Needs to Double Down on Drilling and Deals in Carbon-cutting Gas Pivot

Mar 11, 2021

A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…

Subsea 7 Expects 2021 Results to be Adversely Impacted by Virus, But Forecasts Rise in Revenue

Feb 25, 2021

Offshore installation contractor Subsea 7 expects its 2021 results to be adversely impacted by costs associated with the Covid-19 pandemic, including more contagious, new variants of the virus.Despite this, the company expects that revenue in 2021 will exceed the 2020 revenue level…

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