Browsing: INP

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

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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

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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

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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

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Sasol’s spending on its Production Sharing Agreement (PSA) licence in Inhambane will nearly halve from an initially estimated $1.77 billion, to to $984 million, under an amended development plan approved by the Mozambique government at the end of September

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