2017

Global Oil & Gas: OPEC production steady in December.

Posted on January 9, 2018 by Mozambique Resources Post

OPEC produced 32.47 mb/d in December, according to a Bloomberg News estimate, essentially flat from a month earlier. Some notable declines came from Libya (pipeline outage), Saudi Arabia and Venezuela, while Nigeria boosted output. OPEC’s compliance rate for December stood at 121 percent, the same as November.

Africa Oil & Gas: Libya Triples Oil Revenues In 2017 As Production Recovers

Posted on January 7, 2018 by Mozambique Resources Post

Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first time since 2013.

Africa Mining: Mali expects industrial gold mining to beat 2017 forecasts

Posted on November 20, 2017 by Mozambique Resources Post

Industrial gold production in Mali, Africa’s third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday.

A world in transformation: World Energy Outlook 2017

Posted on November 14, 2017 by Mozambique Resources Post

The way the world meets global energy demand is changing dramatically according to the latest version of the International Energy Agency’s (IEA) flagship publication – World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

Mozambique Mining: Vale Nacala Project Finance to be signed on November 22

Posted on October 26, 2017 by Mozambique Resources Post

The Nacala Project Finance proceeds as planned, with the approval of the NEXI and JBIC Councils taking place during 3Q17, Vale says in its latest 3Q17 Performance Report. Now with all creditors (including AFDB, ECIC and commercial banks) completing their approvals, the next step is the signing of Project Finance, which will take place on November 22, 2017.

Global Oil & Gas: IEA Sees Strongest Global Oil-Demand Growth in Two Years

Posted on September 13, 2017 by Mozambique Resources Post

(Bloomberg) – Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S.

Global Oil & Gas: IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018

Posted on August 14, 2017 by Mozambique Resources Post

(Bloomberg) – The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations.

Global Oil & Gas: Libya sends OPEC Oil Output To 2017 High

Posted on August 1, 2017 by Mozambique Resources Post

OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal.

Mozambique Mining: Coal now leads exports

Posted on June 15, 2017June 15, 2017 by Mozambique Resources Post

The value of Mozambican coal exports rose 200 percent between the first quarter of 2016 and the same period in 2017, with the product accounting for a full one-third of the value of exports, the Bank of Mozambique has announced.