Gunshots rang out in the town of Palma, in the northern Mozambican province of Cabo Delgado on Monday morning, as the defence and security forces tried to disperse a demonstration calling for the suspension of the natural gas projects in the district.
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ozambique will have to wait until 2023 to achieve economic growth of 7.5%, a rate it was used to in the not too distant past, according to forecasts by the Economist Intelligence Unit (EIU).
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The impasse between the Mozambican government and oil companies’ Final Investment Decisions (DFI) on hydrocarbon explorations in the Rovuma Basin Area 4 continues. Decision-making was originally scheduled for the first quarter of 2019, but new developments could stretch the deadline to the third quarter.
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Saipem and Petrobel have negotiated an offshore contract addendum worth more than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the ‘Ramp Up to Plateau’ phase of the ‘supergiant’ Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.
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Italian oil company Eni has made a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place.
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The natural gas extraction and liquefaction industry in Mozambique appears to have been launched, after many years of delays and deliberations, according to the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.
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Italian energy company Eni agreed to sell 20 percent of its participating interest in the Nour North Sinai Offshore concession, in Egypt, to Mubadala Petroleum.
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Mozambique is the largest exporter of natural gas in the Southern African region, and will consolidate this position when the vast offshore gas fields in the Rovuma Basin, off the coast in the northern province of Cabo Delgado, come on stream in 2020.
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Eni and Sonangol have signed an amendment of the Block 15/06 Production Sharing Contract which defines the new perimeter of the block, now covering an additional area of 400 km2 on the west side. This is in line with Eni strategy to increase exploration activities in the country, chasing opportunities nearby the existing producing hubs. Following the discovery of Kalimba 1 in June 2018, Eni set up an accelerated exploration program and already started the drilling activities with a schedule of 4…
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Italian energy company Eni and its French peer Total have signed a deal to jointly explore for oil and gas in Algeria.
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