Mozambique: Moz LNG terminals echo global risks
Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province.
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Mozambique: ExxonMobil Provides $300,000 to Support Cyclone Relief Efforts
ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14.
Read MoreMozambique: Exxon, Anadarko donate to cyclone relief
Oil and gas companies ExxonMobil and Anadarko have sent donations to aid agencies in Mozambique following a disastrous and deadly Cyclone Idai which made landfall on March 14. According to the UN, the full scale of the devastation caused by Tropical Cyclone Idai in south-west Africa is becoming clearer, and the emergency “is getting bigger by the hour,” with at least a thousand people feared dead. ExxonMobil and Anadarko, which are working on developing giant…
Read MoreMozambique: ENI announces start of natural gas extraction by 2024
Extraction and processing of natural gas in the Mamba field in the Rovuma Basin Area 4 block in northern Mozambique is expected to begin by 2024, the chief executive of Italian group ENI said on Friday in Milan.
Read MoreGlobal Industry: ExxonMobil expects earnings to increase by over 140% by 2025
U.S. oil major ExxonMobil has updated its growth plans and expects annual earnings potential to increase by more than 140 percent by 2025 from 2017 adjusted earnings, assuming an oil price of $60 per barrel and based on 2017 margins.
Read MoreGlobal Oil & Gas: ExxonMobil adds 4.5 billion barrels to reserves
ExxonMobil has added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.
Read MoreAfrica Oil & Gas: Nigeria hits oil majors with billions in back taxes
Nigeria has ordered foreign oil and gas companies to pay nearly $20-billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.
Read MoreAfrica Oil & Gas: Shell, Eni, Exxon win blocks in Egypt
Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
Read MoreGlobal Markets: Shell leads cash race but Exxon catching up
Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.
Read MoreMozambique Oil & Gas: ExxonMobil stepping up search for hydrocarbons
ExxonMobil on Thursday announced that it is looking for experts to carry out environmental baseline and geotechnical services for its three Mozambican exploration blocks in the Angoche Basin and Zambezi Delta.
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