Browsing: ExxonMobil

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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Oil & Gas
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Resource nationalism in Tanzania driving gas investors to Mozambique

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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Oil & Gas
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South Africa to continue Mozambique gas pipeline talks in March

South Africa’s energy minister will visit Mozambique in March to discuss the possibility of building a giant pipeline to import Rovuma Basin gas into South Africa. “We are talking. We will have a bilateral [meeting] sometime in March with the minister of energy in Mozambique,” Jeff Radebe [...]

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Extractives
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Anadarko hits LNG sales target with Indonesia deal

Anadarko could take FID on its Mozambique LNG project at the end of March after signing a sale and purchase agreement (SPA) to sell one million tonnes per annum (mtpa) of LNG to Indonesia’s Pertamina - bringing its total contracted volumes to 9.5 [...]

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Extractives
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Anadarko Announces 1 mtpa LNG sales agreement with Indian partner

Anadarko and its partners the Mozambique LNG project have signed a binding LNG sales agreement with Bharat Gas Resources, a subsidiary of India’s Bharat Petroleum Corporation (BPCL) – a 10% shareholder in Area 1 – for 1 million tonnes per annum (mtpa) for 15 years, the company announced on [...]

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Business
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Exxon buys prime Maputo plot in near-$50 million deal

ExxonMobil has bought the rights to a 12 hectare plot of land in Maputo, capital of Mozambique, from state telecoms operator TMCEL, Zitamar News has learned. The US oil giant has paid $47 million for the plot in Sommerschield, neighbouring the Eduardo Mondlane University campus, [...]

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