CNOOC

Africa Oil & Gas: Uganda Sees First Oil Pushed Back To 2022

Posted on February 14, 2019February 14, 2019 by Mozambique Resources Post

Uganda expects to start pumping oil in 2022, later than a previous target for 2021, because of lack of infrastructure and disagreements over taxes and plans with operators.

Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.

Mozambique Oil & Gas: Anadarko Announces LNG Sale and Purchase Agreement With CNOOC

Posted on February 1, 2019February 1, 2019 by Mozambique Resources Post

Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC).

Africa Oil & Gas: Uganda Partners Make Progress

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

Tullow Oil and its partners in Uganda, Total and CNOOC Ltd., continue to work with the government of Uganda to finalize the farm-down. According to Tullow, the farm down is expected to be complete in H1 2019.

Global Oil & Gas: LNG Project Sanctions Set to Surge in 2019

Posted on December 18, 2018December 18, 2018 by Mozambique Resources Post

Uncontracted demand by the world’s seven largest liquefied natural gas (LNG) buyers could increase four-fold to 80 million tonnes per annum (mtpa) by 2030, according to Wood Mackenzie.

Africa Oil & Gas: Uganda Expects to Miss Target for First Oil

Posted on September 26, 2018 by Mozambique Resources Post

(Bloomberg) — Uganda said it expects to miss its 2020 target for the East African nation’s first crude production after oil companies delayed making a final decision on investment.

Africa Oil & Gas: Uganda and China to Jointly Explore Albertine Graben

Posted on September 11, 2018 by Mozambique Resources Post

Uganda’s national oil company and Chinese firm CNOOC, will be exploring jointly a new oil and gas block in the Albertine Basin. A memorandum of understanding was signed for the deal while President Yoweri Museveni was attending an Africa-China forum in Beijing, a statement issued by his office said.

Africa Oil & Gas: Uganda signs exploration deal with CNOOC

Posted on September 7, 2018 by Mozambique Resources Post

Uganda said on Thursday its national oil firm and Chinese offshore oil and gas company CNOOC Ltd had signed an agreement to jointly conduct exploration in a new block in the East African country.

Mozambique Oil & Gas: The Plans of China towards Rovuma basin natural gas

Posted on April 16, 2015April 24, 2015 by Mozambique Resources Post

Mozambique has one of the world’s largest recently discovered natural gas reserves and is starting to receive the first investments at a time when the difficult economic situation in the raw materials market is leading to postponement of some projects, in addition to some political instability in the country. China dream is to turn Mozambique into a centre for natural gas exploration, according to Portuguese researcher Gustavo Placido dos Santos, who notes the East African…

Africa Oil & Gas: China raises imports of Nigerian LNG

Posted on February 6, 2015February 6, 2015 by Mozambique Resources Post

LNG imports by state-owned companies coming into China from Nigeria LNG have risen in January 2015. As Platts reveals, six cargoes were delivered to China’s LNG terminals so far, compared to two cargoes from NLNG during January and February last year. China imported only seven cargoes from the Nigerian LNG facility during whole 2014.

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