GL Africa signs up gas power plan in Mozambique
GL Africa Energy has reached an agreement to finance and operate a 250 MW power plant in Mozambique’s Nacala District.
Mozambique
ExxonMobil board debates dropping giant projects in Vietnam and Mozambique
ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
Credit Suisse settles up on Mozambique fraud
Credit Suisse and VTB have reached agreements with UK and US authorities to settle issues arising from arranging financing for Mozambique.
Geofizyka Torun starts Mozambique seismic for Sasol
Geofizyka Torun has begun shooting 3D seismic onshore in Mozambique for Sasol.
Exxon, Shell in East African LNG race
ExxonMobil continues to hold out hope for its Rovuma LNG project, in Mozambique, while Shell has held talks with the Tanzanian government on another East African export plan.
Putting local content at the heart of Uganda’s oil plans
On the cusp of activity starting, Uganda is making ready for a storm of activity to develop its Lake Albert resources.
More than half the world’s oil, gas is unextractable: Climate report
A larger than previously thought share of the world’s hydrocarbons cannot be produced if the world is able to control warming to only 1.5 degrees Celsius.
Sasol, CEF team up on South Africa gas imports plan
Sasol and the Central Energy Fund (CEF) have signed a memorandum of understanding (MoU) on accelerating gas developments in South Africa.
Aberdeen oil and gas security firm bags gong at prestigious ex-forces award ceremony
A north-east firm that specialises in oil and gas security services is toasting success after one of its bosses picked up a prestigious award.
Mozambique tackles terrorism, as debt trial begins
Mozambique has made progress in tackling its northern insurgency, as a trial begins on the “hidden debts” scandal.
Rwanda reclaims Mozambique town from Islamists
Rwandan forces have freed Mocímboa da Praia, a Mozambique town that had been held by Islamists since August 2020.
Rwanda sends troops to northern Mozambique
Rwanda will provide a 1,000-person force to Mozambique’s trouble Cabo Delgado Province to assist in a counter-insurgency programme.
Mantashe defends merger plans, Rompco pre-emption
Creation of a strong national oil company is essential to meeting South Africa’s energy needs, Minister of Mineral and Energy Resources Gwede Mantashe has said.
Making the case for communities
Companies working in Africa must do more to bolster local industry and participation, or risk continued challenges around security and legitimacy.
Sasol signs gas, LPG agreements to launch PSA project
Sasol has signed agreements to supply gas and LPG, allowing work to begin on the up-, mid- and downstream to begin in Mozambique.
Decarbonise oil to stay the course
Stakeholder pressure on energy companies is having an impact on African projects, which is not necessarily straightforward divestment.
Mozambique, Nigeria talk gas at French summit
France held a summit on May 18 for African leaders, with discussions around debt, security and energy.
Sasol sells Rompco stake to Reatile, AIIM
South Africa’s Reatile Group and African Infrastructure Investment Managers (AIIM) have teamed up to buy a 30% stake in Sasol’s Mozambique pipeline.
TechnipFMC, Energies deny Mozambique reports
TechnipFMC has rejected some claims around its Mozambique LNG work.
Sasol earnings to rise
Sasol shareholders should expect better times ahead, with the company forecasting an improvement in earnings per share of at least 20%.
Saipem warns on 4bn euro Mozambique LNG impact
Saipem has issued a warning over its 4 billion euro ($4.8bn) contract for work on Mozambique LNG, following Total’s declaration of force majeure.
Total hits freeze on Mozambique LNG
Total has declared force majeure at its Mozambique LNG project, citing the local insecurity.
FoE wins review on UKEF’s Mozambique LNG support
The UK government will face questions in court over the legality of its support for Mozambique LNG, following a win for Friends of the Earth (FoE).
Disaster for Mozambique businesses as gas boom turns to bust
Mozambican businesses looking to cash in on Africa’s biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Total’s $20 billion natural gas export project.
FoE seeks review of UK support for Mozambique LNG
The High Court will hear an application from Friends of the Earth (FoE) today to review the UK government’s support of the Mozambique LNG scheme.