Banks

Global Markets: Investment banks lower oil price forecast

Posted on November 26, 2018 by Mozambique Resources Post

A survey of investment banks by S&P Global Platts finds an average forecasted Brent price of $75.50 per barrel in 2019, down from $78.51 per barrel in October. The price is significantly higher than prevailing spot prices, and the price also is notable because of worries over the global economy.

Mozambique Oil & Gas: Exxon expands Rovuma LNG project to cut costs ahead of bank talks

Posted on July 13, 2018 by Mozambique Resources Post

Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant’s supply and formally tap lenders in September, the company told Reuters.

Mozambique Energy: HCB appoints banking consortium for share offer

Posted on July 3, 2018 by Mozambique Resources Post

Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi, in the western Mozambican province of Tete has announced that a consortium between the BCI (Commercial and Investment Bank), the second largest commercial bank in Mozambique, and the Global Investment Bank (BIG) of Portugal, will head the banking syndicate in charge of selling 7.5 per cent of HCB shares.