Energy investors' optimism

Good morning, with apologies for the late running of what is Thursday’s Daily Briefing.

The Mozambique gas and energy summit is over for another year, with delegates leaving with a general sense of optimism despite little concrete to hold on to. The biggest news came from Paris, of course, with TotalEnergies’ announcement that they are looking to restart work in Afungi before the end of the year; even that, however, was framed as an aspiration, and not a commitment.

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Nevertheless, the event was far from a flop, with a packed exhibition area with 86 would-be subcontractors and support industry companies showing they are ready to move when the green light comes. Medical support, medical evacuations, health insurance plans, earth removal and heavy equipment companies, logistics, floating platforms, HR recruitment companies, and research companies were all represented, including some major players.