South African petrochemicals company Sasol sold more than half its stake in an offshore oil…...

More than $18 billion was invested in oil and gas projects in Mozambique in the four years from 2017 to 2021, according to a new report

Mozambique has closed bidding for 16 offshore oil and gas exploration blocks — attracting bids on just six blocks, from a total of just two companies, Italy’s Eni and Chinese state-owned oil company CNOOC

Mozambique is entitled to draw on $317.2 million in guarantees posted by major oil and gas companies, who have failed to meet deadlines to drill exploration wells on blocks they were awarded in the country’s fifth auction round

Mozambique's government is keen for work to restart on the huge LNG projects in Cabo Delgado, but the global gas companies say security has not yet been restored

The Mozambican government has promoted the director of projects and development at petroleum regulator INP to the post of chairman, taking the place of Carlos Zacarias who was appointed minister of mineral resources and energy in March

Mozambique tendered 16 new oil and gas exploration blocks at the launch of the country’s sixth licencing round on Thursday, 25 November

Oil companies that have previously expressed interest in the new round include TotalEnergies, ExxonMobil, Eni, Sasol, Shell, BP and China’s CNOOC

The global transition away from fossil fuels, coupled with ongoing insecurity in Cabo Delgado province, mean Mozambique’s enormous gas reserves risk becoming stranded assets

All work at the LNG site has been suspended, but Total may have only declared force majeure with the government on its exploration and production concession contract, and not with its contractors -- yet