Browsing: ExxonMobil

Oil & Gas
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Exxon awards EPC contract for the $30 billion Rovuma LNG project

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
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Zitamar Daily Briefing, 7 October

Welcome to Zitamar’s daily Mozambique briefing for 7 October, 2019


Agriculture
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Yara threatens to pull Mozambique fertiliser project over domestic gas price

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
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Rovuma LNG FID likely to be delayed until after elections, sources say

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
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Property developer Grit cashes in on Mozambique gas and mining boom

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
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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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