The Anadarko-led Area 1 consortium has assembled a large group of state-owned export credit agencies (ECAs) to support the financing of the $20 billion Mozambique LNG project which reached its final investment decision (FID) on 18 June, sources have told [...]
Occidental has said it will sell Anadarko’s 26.5% operating interest in the Mozambique LNG project to French oil major Total as part of an $8.8 billion deal, if it reaches an agreement to by Anadarko. The [...]
Welcome to Zitamar’s daily Mozambique briefing for 2 May, 2019 Agenda:
- Tomorrow: Start of the three-day Frelimo Central Committee meeting in Matola
- Today: Foreign minister José Pacheco opens the 2nd session of the Joint Commission between [...]
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 [...]
Anadarko is squeezing contractors to reduce the construction costs of its giant liquified natural gas plant in northern Mozambique as it prepares to take a final investment decision on the project later this year or early 2019.