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 [...]
Welcome to Zitamar’s daily Mozambique briefing for 7 February, 2019 Agenda:
- Today: The 53 mayors and municipal assemblies elected in last October’s municipal elections take office
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.
French energy major Total is in advanced talks over a contract to buy LNG from the Anadarko-led Offshore Area 1 project in Mozambique’s Rovuma Basin, the country’s Prime Minister told parliament on Wednesday - confirming
Anadarko will announce a new sales and purchase agreement (SPA) for its Mozambican LNG with another European buyer in the coming weeks, Zitamar News has learned - meaning [...]
Norway’s national oil company, Statoil, has become the latest major oil company to quit exploration in Mozambique, after failing to agree the terms for investing in a block that it, along with partners ENI and Sasol, were awarded in 2015.
French oil major Total will relinquish its operatorship of offshore Area 3 and 6 in Mozambique’s Rovuma Basin, after it failed to bring in a partner to help drill its first exploration well. “Total has been [...]