Mozambique News

 

Sasol Returns Exploration License Offshore Mozambique

Jul 06, 2020

South African petrochemicals giant Sasol Ltd has opted to give up its license to explore for gas off the Mozambique coast, the company said on Sunday.'Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end…

Mozambique LNG Gets $2.25B Gov't Funding Guarantee

Jun 22, 2020

Partners in Mozambique LNG, the $20 billion gas project led by Total, have received a $2.25 billion guarantee from the government that it will pay the state oil company's equity share if required, Portugal's Lusa news agency said.Carlos Zacarias…

Mozambique Expects Exxon Rovuma FID in 2021

Jun 04, 2020

Mozambique's National Petroleum Institute expects Exxon Mobil's final investment decision on a $30 billion gas project in the north of the country in 2021, it said on Wednesday, though the U.S. company dismissed this as speculation.'The final…

RMB Confirms Total's $15B Funding for Mozambique LNG Project

May 28, 2020

South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project.Sources told Reuters last week that Total had secured $14…

First Topside Module Lifted on Coral South FLNG Hull

May 27, 2020

Eni-operated Coral South FLNG project is making progress with the first topside module installed aboard the hull of the under-construction FLNG unit destined to develop offshore gas fields in Area 4 of the Rovuma Basin, Mozambique.Coral FLNG SA…

Total Secures $14.4 Bln Funding for Mozambique LNG

May 20, 2020

French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique, two sources said on Wednesday.A source with knowledge of the matter said Total has reached a financing agreement with…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

May 18, 2020

The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4…

Mozambique Army, Islamist Insurgents Battle Near Gas projects

Mar 24, 2020

Mozambican troops battled Islamist insurgents in a town in a northern town on Monday close to billion-dollar gas projects being developed by ExxonMobil and Total, police said.The General Commander of Mozambique's police, Bernardino Rafael, said…

Air Products' Heat Exchangers for Mozambique LNG Project

Mar 13, 2020

LNG technology company Air Products has won a contract to deliver heat exchangers for the Total-operated LNG development in Mozambique.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…

Worley Bags Mozambique LNG Work with Total

Feb 21, 2020

French oil company Total has awarded oilfield services firm Worley two master service agreements (MSAs) for services at the Mozambique LNG Project.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…

ALP to Tow Giant Coral Sul FLNG from S. Korea to Mozambique

Feb 17, 2020

Dutch ocean-towing company ALP will tow Eni's giant FLNG vessel Coral Sul (South) from South Korea to Mozambique, and will also assist with the mooring operations once on location.ALP on Monday said that TechnipFMC and JGC had contracted it…

Election Dispute Could Impact Lake Malawi O&G Exploration Efforts

Feb 13, 2020

Malawi’s 2019 Presidential election was annulled early this year by the Constitutional Court with directions to Malawi Electoral Commission asked to hold a fresh poll in five months. The question in the minds of many in the oil and gas exploration…

CGG Readies Offshore Mozambique Seismic Survey

Feb 04, 2020

French seismic player CGG has completed the final 3D PSDM seismic dataset from its recent 15,400-sq km (5,946-sq mi) multi-client survey of the outer Zambezi Delta in the Mozambique basin.The ultramodern data was acquired over blocks Z5-C and…

Rystad: Guyana's GDP to 'Skyrocket' as Oil Output Increases

Feb 04, 2020

Oil output estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years and could send the country's GDP 'skyrocketing,' according to research by Rystad Energy, a Norwegian energy intelligence company…

Deepwater Investments to Grow +5% in 2020

Dec 15, 2019

Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry, said a report.Rystad Energy is forecasting that overall…

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