Woodlands-based Anadarko said that approximately $150 million is expected to be invested in the Mozambique LNG project in 2018. The investment in the project is a part of Anadarko’s expected capital investment in the range of $4.2 to $4.6 billion for the year 2018.
Read MoreU.S. oil producer Anadarko Petroleum Corp said on Wednesday it would spend $2.5 billion to buy back its own stock, a plan worth roughly 10 percent of its outstanding shares at current prices, Reuters writes.
Read MoreUSA, 16th June – Mozambican President Filipe Nyusi has said he hopes that by the end of the year, decisions will be made for the US oil company Anadarko to launch the natural gas exploration project in the Rovuma Basin in the north of the country.
Read MoreThe government of Mozambique and US group Anadarko Petroleum are close to reaching an agreement which will allow the start of natural gas extraction operations in the Rovuma basin, in Cabo Delgado province, according to Mozambican daily newspaper Notícias.
Read MoreAnadarko Petroleum on behalf of the co-venturers in Mozambique’s Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, has announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique. “Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching FID (Final Investment Decision) and demonstrates our continued…
Read MoreChina, which currently has Angola as one of its main oil suppliers, plans to position itself to have Mozambique as a major source of natural gas supply in the future. To secure funding for the large investment required for the extraction and export of natural gas, US oil company Anadarko Petroleum is already in the market negotiating long-term contracts and one of the first five it closed, according to financial news agency Reuters, was with the…
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