Browsing: Extractives

Oil & Gas Chevron's Gorgon LNG project in Australia. Image: Chevron
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Occidental Petroleum appears to be moving into pole position to buy fellow US oil company Anadarko, after upping its price for the company to $76 per share, versus Chevron’s $63/share offer, and receiving $10 billion in backing for the deal from billionaire investor Warren Buffet. Oxy has no [...]

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Extractives Sasol's Secunda facility in South Africa
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There is uncertainty whether Sasol – the only gas supplier to South Africa - can continue to supply gas to industrial users in the country beyond 2023, after drilling on the company’s gas blocks in Inhambane has proved disappointing and the reservoirs more [...]

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Extractives An ExxonMobil offshore platform
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Mozambique’s petroleum regulator, INP, is still reviewing the LNG development plan for the Area 4 block in the Rovuma Basin, despite pressure from operator ExxonMobil to have the plan approved by the end of March to allow it to take a final investment [...]

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Oil & Gas Artist impression of an FLNG vessel. Photo: Technip
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The high risk of resource nationalism in Tanzania means that oil companies are increasingly viewing neighbouring Mozambique as a “more predictable and dependable partner” for the development of offshore gas assets, according to political risk consultancy Verisk Maplecroft. Tanzania’s descent [...]

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