Mozambique News

 

Portugal's Galp Second-Quarter Profit Beats Expectations, Jumps 16%

Jul 22, 2024

Portugal's Galp Energia on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin.It booked an adjusted net profit of 299 million euros ($325…

Esgian Week 21 Report: Tender Opportunities Emerging in Africa

May 26, 2024

Esgian provides an update on new commitments confirmed for Odfjell Drilling and Borr Drilling rigs and new tender opportunities emerging in Africa in its Week 21 Rig Analytics Market Roundup.Report SummaryContractsEquinor has exercised an option to extend the use of Odfjell Drilling’s 10…

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

May 24, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has through its wholly owned subsidiaries acquired five offshore oil and gas blocks in Mozambique.CNOOC’s subsidiaries have entered into petroleum exploration and production concession…

Galp Sells Its Upstream Assets in Mozambique to ADNOC

May 22, 2024

Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…

ExxonMobil Pushing Forward with Mozambique LNG Project

May 03, 2024

ExxonMobil is 'optimistic and pushing forward' with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.ExxonMobil and its…

Esgian Week 13 Report: Demand Shifts

Apr 01, 2024

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…

Exxon Mobil Continues to Ramp Up LNG Portfolio

Mar 22, 2024

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke…

Technip Energies Hands Over Coral Sul FLNG Unit to Eni

Jan 26, 2024

The performance tests on Eni’s Coral Sul floating LNG (FLNG) unit offshore Mozambique, led by Technip Energies, have confirmed the requirements of LNG production of above 3.4 million tons per year.Following the completion of the performance tests…

Saipem Says Recovery on Track after Positive Q3

Oct 26, 2023

Italian energy services group Saipem has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday.Commenting on third-quarter results…

Shell's Court Battle Over S.Africa Offshore Exploration Delayed -Lawyer

Oct 18, 2023

A court case over whether to allow Shell to explore for oil and gas off South Africa's pristine Wild Coast has been delayed until next year, a lawyer for environmentalists said on Wednesday.Shell wants to overturn a decision by the Makanda High…

Mozambique Offshore Gas Fields Huge Opportunity for Country, Italy PM says

Oct 13, 2023

The gas fields discovered offshore Mozambique represent a huge opportunity for the development of the African country, Italian Prime Minister Giorgia Meloni said during a visit with the head of Italian energy group Eni. Speaking after a meeting with Mozambican President Filipe Nyusi…

Mozambique Attack Survivors File Complaint Against TotalEnergies

Oct 12, 2023

Survivors and relatives of victims of a 2021 insurgent attack in Mozambique have filed a complaint against TotalEnergies for negligence and indirect manslaughter, saying the company had failed to ensure the safety of subcontractors.TotalEnergies rejected the allegations…

Eni Eyes FID on Second FLNG Project in Mozambique in 2024

Oct 11, 2023

Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.Its first LNG project…

SLB, Subsea 7, and Aker Solutions' Subsea JV Gets Nods from Competition Authorities

Aug 07, 2023

Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022.'Following clearance as of [Friday] by antitrust authorities in Brazil…

Italy's Saipem Sees Progress Towards Resuming Mozambique LNG Pproject

Jul 27, 2023

Italian energy services group Saipem on Thursday said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.The project, which would be the first onshore development of a LNG plant in the African country…

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