Category: Mozambique

McDermott Awarded FEED Contract in Mozambique

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(Energy Analytics Institute, 30.Sep.2024) — McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 in Mozambique. Rovuma LNG Phase 1 is a joint venture between ExxonMobil Development Africa B.V., Eni S.p.A. and […]

TotalEnergies Reveals Mozambique LNG Response

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(TotalEnergies, 26.Sep.2024) — The digital media Politico published an article regarding alleged murders that would have been carried out by Mozambican soldiers close to Afungi, the Mozambique LNG site, in northern Mozambique from Jun. to Nov. 2021. Before it was contacted by the author of this article, TotalEnergies had never […]

Karpowership Announces $1bn LNG-to-Power Investment in South Africa

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(Karpowership, 13.Aug.2024) — Karpowership announced its plans to invest a transformative $1bn of LNG-to-Power infrastructure that will be based in Mozambique and made available to the entire South African Power Pool (SAPP). This ground-breaking project would not only enhance the country’s domestic energy landscape but also that of the wider SAPP by providing reliable […]

CNOOC Subsidiaries Sign EPCCs with MIREME and ENH

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(CNOOC, 24.May.2024) — On 24 May, CNOOC Limited announced that its wholly owned subsidiaries have entered into petroleum exploration and production concession contracts (EPCCs) with the Ministry of Mineral Resources and Energy of Mozambique (MIREME) and Empresa Nacional de Hidrocarbonetos (ENH) for 5 offshore blocks in Mozambique. The contracts were […]

Exxon Reports 1Q:24 Results, Updates on Guyana

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(Exxon, 26.Apr.2024) — Exxon Mobil Corporation announced first-quarter 2024 earnings of $8.2bn, or $2.06 per share assuming dilution. Capital and exploration expenditures were $5.8bn, consistent with the company’s full-year guidance of $23bn to $25bn. “Our strategy and focus on execution excellence is creating significant value for society and our shareholders,” […]

EAI’s NRGBriefs: Dec. 2023

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(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]

Consortium to Develop a 1,500 MW Hydropower Project in Mozambique

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(TotalEnergies, 13.Dec.2023) — The consortium of EDF (40%), TotalEnergies (30%) and Sumitomo Corporation (30%) announces that it has been selected as strategic partner by the government of Mozambique and entered into a joint development agreement for the development of the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, […]

Getech Teams up with HyAfrica in Africa

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(Getech, 14.Nov.2023) — Getech, a locator of subsurface resources, has signed an agreement with LIAG (Leibniz Institute for Applied Geophysics), a partner in the HyAfrica consortium, to accelerate the exploration and development of natural hydrogen resources in Africa. The project aims to discover viable natural hydrogen (also called white and geological […]

Africa’s $800bn Upstream Investment Cycle

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(WoodMac, 18.Oct.2023) — The African upstream oil and gas sector is in the middle of an US$800bn capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Ian Thom, Upstream Research Director at Wood Mackenzie. Speaking at […]

Mozambique LNG TotalEnergies Publishes Response to French Newspaper

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(TotalEnergies, 10.Oct.2023) — French daily newspaper Le Monde recently published an article mentioning the Mozambique LNG project. Detailed answers were provided to the questions of the journalist. However, given the lack of use of our responses in the article, and in the interests of transparency, the answers that we gave to the […]

Eni Tops TotalEnergies as Africa’s Top Producer

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(Energy Analytics Institute, 11.Sep.2023) — Eni actually takes the top spot as Africa’s top producer, not TotalEnergies, according to Welligence Energy Analytics. Producing around 900,000 boe/d, 40% of Eni’s output comes from Algeria and Libya. The rest is sourced from Nigeria, Ghana, Congo-Brazzaville, Mozambique, Angola and Tunisia, Welligence announced 11 […]

An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]

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(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]

Authorities Approve JV between Aker Solutions, SLB and Subsea7

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(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals.  Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]

bp Begins Shipping LNG from Mozambique’s First LNG Project

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(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters of the African continent. Under its long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG which has the […]

Mozambique’s First LNG Cargo Departs from Coral Sul FLNG

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(Eni, 13.Nov.2022) — Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment of liquefied natural gas (LNG) produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, has […]

Coral South Introduces Hydrocarbons to FLNG Offshore Mozambique

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(Eni, 18.Jun.2022) — Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners ExxonMobil, CNPC, GALP, KOGAS and ENH, announces that the Coral South Project has safely achieved the introduction of hydrocarbons to the Coral Sul Floating Liquefied Natural Gas (FLNG) plant from the Coral South reservoir […]

Total Asks Mozambique Staff To Leave Over Attacks

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(Bloomberg, 1.Jan.2021) — Total SE asked some staff to vacate its $20 billion Mozambique liquefied natural gas project as Islamist militants are staging attacks increasingly closer to the site. Fighters linked to Islamic State raided a town less than 5 kilometers (3 miles) from the construction camp this week of […]

Total Secures $15.8bn For Mozambique Gas Project

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(Reuters, 8.Jul.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, FNB Mozambique said the financing […]