EXIM tweaks terms for Mozambique LNG loan
The US’ Export-Import Bank has tweaked the loan it is providing to the Mozambique LNG project to include work offshore.
Mozambique
European gas demand under pressure
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.
Insurgents shoot down helicopter in Mozambique
The Islamic State (IS) has released video of a helicopter shot down in northern Mozambique, said to belong to anti-jihadist mercenary forces.
Exxon pushes back Rovuma LNG decision, again
ExxonMobil’s decision to slash capital expenditure this year by 30% has pushed back a final investment decision (FID) on the Rovuma LNG project, in Mozambique.
Sasol to reduce refinery runs during lockdown
Sasol has set out plans to reduce throughput at some of its plants, as South Africa goes into lockdown, while ratings agencies have become more cautious on the company’s outlook.
Militants seize town near Mozambique LNG
A town in northern Mozambique near major LNG construction works has been seized by Islamist militants, according to local reports.
Air Products wins Mozambique LNG gig
Air Products has signed up to supply two LNG heat exchangers to the Total-led Mozambique LNG venture.
Carbon and cash to determine Galp project plans
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Mozambique shows off Rovuma’s £42bn investment in bid to attract North Sea suppliers
Officials from Mozambique have showcased the level of investment in the prolific Rovuma basin in a bid to attract the expertise of North Sea companies to its supply chain.
Subsea Expo has international flavour with VIPs from Africa and Azerbaijan
Mozambique’s oil and gas regulator, the National Petroleum Institute, and senior representatives from SOCAR, the State Oil Company of the Azerbaijan Republic, will be actively promoting business opportunities for UK subsea companies at Subsea Expo.
Violence on the rise in Mozambique’s gas-rich north
The insurgency in northern Mozambique is becoming more dangerous, causing alarm for the two major gas projects in the area. There is little sign of improvement.
CGG’s Zambezi data offers a jumpstart to explorers
Data shot by CGG in a 15,400 square km seismic survey offshore Mozambique, in the Zambezi Delta, is now ready for licensing.
Mozambique’s Nyusi starts anew as terror threatens LNG boom
Mozambican President Filipe Nyusi was sworn in for a second term Wednesday, three months after his landslide election victory.
Coral Sul hull hits the water
The hull of the Coral Sul floating LNG (FLNG) has been launched at a ceremony in Geoje, in South Korea, on schedule.
Erik Prince’s FSG quits Mozambique oil and gas logistics venture
Frontier Services Group Ltd., the Hong Kong-based company founded by Erik Prince, has decided to quit a logistics joint venture with Mozambique’s national oil company, even as the country readies to receive about $60 billion of investments in natural gas export projects.
Boustani beats Mozambique charges in US court
Privinvest’s Jean Boustani has been cleared of three charges, centred on alleged Mozambique corruption, by a New York court.
Total signs on to Maputo LNG import plan
Total and South African gas facilities developer Gigajoule have signed a joint development agreement (JDA) on the import of LNG into Maputo.
IEA: Gas and renewables to power Africa
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.
The place for gas in South Africa’s energy plans
The South African government has published its Integrated Resource Plan (IRP) with the aim of setting out the country’s future energy mix.
Rovuma LNG FID pushed back
The Rovuma LNG project has taken another step ahead but a final investment decision (FID) is now expected in early 2020.
Total ticks off Mozambique LNG
Total has closed its purchase of Anadarko Petroleum’s 26.5% stake in the Mozambique LNG project.
Total sets out cautious stance
Total’s investor presentation walked a fine line between commitments to new projects and steps to secure the confidence of investors.
ENH taps up Vitol expertise for trading venture
Vitol and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) have set out plans for a trading-focused joint venture.
Financing risks remain for Mozambique’s LNG projects
While Mozambique is presently recovering from the destruction caused by Cyclone Idai, it has the potential to produce close to 10% of the current global market or 6x the LNG production of Angola.
Anadarko Mozambique attacked for first time amid insurgency
Unidentified gunmen attacked an Anadarko Petroleum Corp. liquefied natural gas project in northern Mozambique, the first attack on an energy company since an insurgency by suspected Islamist militants began 16 months ago.