Browsing: ExxonMobil

Oil & Gas The Rovuma LNG Initial Investment Decision ceremony in Maputo © Zitamar News
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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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Daily Briefing Photo © Tom Bowker / Zitamar News
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Welcome to Zitamar’s daily Mozambique briefing for 7 October, 2019


Agriculture A Yara fertilizer plant and phosphate rock mine in Finland. Photo © Yara
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A fertiliser plant planned by Norway’s Yara using Rovuma Basin gas, “is no longer in a position to advance,” because the domestic gas price is too high, according to a senior official at Mozambique’s petroleum regulator, INP. Yara’s 1.2 million tonne per annum plant,
Extractives Rovuma LNG logo_article
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The Mozambican government is pushing for ExxonMobil to take a final investment decision (FID) on its Rovuma LNG project before elections on 15 October, but a combination of higher-than-expected engineering, procurement and construction (EPC) bids, and growing uncertainty around the security [...]

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Business Commodity House 2 in Maputo, home to ExxonMobil in Mozambique
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Property developer Grit Real Estate Income Group appears to be cashing in on the anticipated resource boom in Mozambique, as oil and mining companies are estimated to be paying a total of around $5-6 million a year in rent for their offices and luxury flats in Maputo and Tete. Anadarko is [...]

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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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