Browsing: Oil & Gas

ExxonMobil’s apparent absence from a new Security Memorandum of Understanding with the government, appears to be another sign that the company will not take a final investment decision on the Area 4 Rovuma LNG project in 2021, as had been suggested by petroleum regulator, INP

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Total and ExxonMobil, the operators of the Area 1 and Area 4 Rovuma Basin gas blocks in northern Mozambique, are among the shortlisted bidders to buy Sasol’s stakes in the Republic of Mozambique Pipeline Investment Company (Rompco) pipeline

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South African energy and petrochemical company Sasol is abandoning its exploration license for two blocks offshore Inhambane and Sofala provinces in Mozambique, after plans to conduct seismic surveys and drill two exploration wells near the Bazaruto Islands provoked a strong backlash from environmental groups and tourism operators

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A new report shows that government revenue from Coral South FLNG is likely to be $11.6bn over the life of the project, well below previous projections – and that significant revenue won’t reach the government until the 2030s

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The Mozambican government has approved a decree formalizing the entry of the French oil major Total into Area 1, and optimising the financing for the LNG project, Minister of mineral resources and energy said at a press conference in Maputo on Tuesday

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The Saipem 12000 drillship under contract to Eni has left the Coral South field in the Offshore Area 4 block in northern Mozambique and is heading south, scheduled to arrive in Maputo on 29 April, according to ship tracking data.

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French oil major Total is still aiming to reach financial close on its $20bn Mozambique LNG “before the end of the quarter,” a spokesperson for the company told Zitamar News — despite the covid-19 pandemic leading oil prices to fall to record lows

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