Browsing: Oil & Gas

Oil & Gas
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Exxon awards EPC contract for the $30 billion Rovuma LNG project

The Mozambique Rovuma Venture, the operator of Area 4, awarded the engineering, procurement and construction contract for its Rovuma LNG project to a joint venture of JGC, Fluor and Technip FMC at a ceremony in Maputo on Tuesday morning. The “initial [...]

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Extractives
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Soldiers guarding Mozambique LNG complain of ‘animal’ treatment

LNG project company says it is working with government to ascertain why the subsidies it’s paying aren't reaching soldiers Soldiers guarding the LNG project site in insurgency-hit Cabo Delgado have complained they are not receiving 'hardship payments' paid by the oil companies [...]

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Oil & Gas
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Total closes $3.9 billion acquisition of Mozambique LNG

French oil major Total has closed the $3.9 billion acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project in Cabo Delgado and is now officially the operator of the 13 million tonne per annum project. The transaction will bring in around $880 [...]

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Economy
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IMOPETRO ‘was warned’ over failed fuel importer 

Industry players warned IMOPETRO, the company managing Mozambique’s fuel imports, of the dangers of awarding an import tender to unknown company Finergy, which has since failed to honour its import commitments, Zitamar News has learned. Finergy Petroleum, a secretive company [...]

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Electricity
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Japanese and Turkish JV plan region’s first LNG-to-power project in Nacala

Turkey’s Karpower is to switch its oil-fueled floating power plant in Nacala to run off LNG, in collaboration with the world’s biggest LNG shipping company Mitsui OSK Lines, in what will be the first LNG-to-power plant in southern Africa.

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Hidden Debts dossier
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Privinvest continues offshore logistics operation in Mozambique despite litigation

Privinvest, the contractor which supplied Mozambique’s controversial ‘hidden debts’ security companies, continues to do business in the country through a logistics subsidiary which provides services to offshore oil and gas operations, despite ongoing legal action [...]

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Electricity
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Government approves construction of 2000 MW gas-fired power station

The Mozambican government approved on Tuesday the construction of a $700 million gas-fired power plant in Beluluane, Maputo province, that will have the capacity to produce up to 2,000 megawatts of electricity. The construction of the power station is [...]

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