Mozambique News


Eni Extends Saipem 10000 Drillship Term until 2023

Feb 25, 2021

Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…

UK-based Enermech Eyes Oil & Gas Work in Mozambique

Feb 23, 2021

Aberdeen-based energy industry services company EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.In his new role, Enermech said…

Risky Bet: NOCs Risk Wasting $400B as Energy Transition Accelerates

Feb 09, 2021

State-owned oil companies could squander about $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, a non-governmental organization said on Tuesday…

Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique

Dec 11, 2020

Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing…

Exxon Takes $20B Writedown. Puts Focus on Brazil, Guyana, Permian

Dec 01, 2020

Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest-ever impairment, and slash project spending next year to its lowest level in 15 years.The oil major is reeling…

Mozambique Unaware of Total, Exxon Offshore Resource Sharing Talks

Nov 27, 2020

Mozambique's National Petroleum Institute said on Friday it had not yet been notified of any intention by ExxonMobil and Total to renegotiate a resource-sharing agreement for their massive LNG projects in the country.Reuters reported earlier…

Report: ExxonMobil, Total in Talks Over Mozambique Gas Resource-sharing Deal

Nov 26, 2020

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters…

VIDEO: Final Topside Module Installed on Eni's Coral Sul FLNG

Nov 05, 2020

The last of 13 topside modules has been lifted and installed aboard Eni's Mozambique-bound Coral-Sul FLNG facility, being built by Samsung Heavy Industries in South Korea.The lifting of the module marks the end of the onshore-modules fabrication…

Seabed Drilling

Nov 01, 2020

South America contains some of the largest deepwater oil reserves in the world, with Brazil alone possessing over an estimated 30 billion barrel of oil equivalent (BOE). In Guyana, ExxonMobil has recently made its 18th deepwater discovery, which…

Stalled Oil and Gas Resources – How Big an Opportunity Is It?

Oct 29, 2020

A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries >100 million boe in size made between 2008 and 2016 is currently stalled with no progression towards development…

Rystad: Demand for Offshore Trunklines to Drop 26%. Middle East to Drive Recovery

Sep 29, 2020

Norwegian energy intelligence company Rystad expects that the market demand for large-diameter offshore pipelines, known as trunklines, will see an annual drop of 26% this year.According to Rystad, the length of total installations this year is forecasted to reach 2…

Insurgents Seize Port Near Total's Mozambique LNG Project

Aug 12, 2020

Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks…

Afreximbank Commits $400M to Mozambique LNG Project

Aug 07, 2020

Cairo-based African Export-Import Bank has committed $400 million in loans and guarantees to Mozambique's $20 billion liquefied natural gas (LNG) project, the multilateral lender said on Thursday.Afreximbank's move follows a similar commitment…

Total Secures $14.9B Loan for Mozambique Gas Development

Jul 20, 2020

French oil major Total has signed a $14.9 billion senior debt financing agreement for its massive liquefied natural gas (LNG) project in Mozambique, the biggest project financing ever in Africa, it said on Friday.The project includes the development…

Report: Total Secures $15.8B for Mozambique Gas Project

Jul 09, 2020

French oil major Total has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand's local unit, FNB Mozambique. Total declined to comment.In a press release published on Wednesday…

Current News

LNG Price Recovery Spurs Spending in Race against Carbon Targets

LNG Price Recovery Spurs Spending in Race against Carbon Targets

Subsea UK and the Creation of the “Global Underwater Hub”

Subsea UK and the Creation of the “Global Underwater Hub”

ICR Targets Guyanese Offshore Market. Partners with Panthera

ICR Targets Guyanese Offshore Market. Partners with Panthera

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

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