Browsing: Exxon

Oil & Gas
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Analysis: Where does the Anadarko bidding war leave Mozambique?

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
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Unresolved issues hold up Exxon Mozambique LNG plan approval

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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Daily Briefing
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Zitamar Daily Briefing, 21 December

Welcome to the last Zitamar Daily Briefing for 2018. The newsroom will be on holiday from now until 7 January - though exceptions may be made for important breaking news. Agenda:
Extractives
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Mozambique energy ministry under pressure over oil and gas license delays

Mozambican transparency NGO the Centro de Integridade Pública (CIP) today demanded energy minister Letícia Klemens provide a clarification on why contracts from the latest round of oil and gas exploration licensing have still not been signed. [...]

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Oil & Gas
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Eni-Exxon CGT bill ‘not automatic,’ says Mozambique tax authority

Mozambique’s Tax Authority (Autoridade Tributaria, or AT) is still calculating the taxable base for the offshore gas block stake that Italy’s Eni is selling to US oil giant ExxonMobil, promising a statement on Tuesday on how it calculates the capital gains [...]

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