ExxonMobil (NYSE:XOM)

Mozambique Oil & Gas: LNG projects ramp up in response to growing market

Posted on August 2, 2018August 2, 2018 by Mozambique Resources Post

LNG projects under construction or anticipated to reach a final investment decision within the next 12 months total more than 125 million tonnes of annual output capacity — more than a one-third boost to global capacity as reported by the International Gas Union’s 2018 annual report.

Mozambique Oil & Gas: Moz Mamba LNG among Exxon’s most lucrative projects to go live between 2021 and 2025

Posted on July 31, 2018 by Mozambique Resources Post

In the company’s press release, CEO Darren Woods highlighted some of Exxon’s largest and most lucrative projects that he thinks will drive significant growth well into the next decade, Mozambique Mamba LNG project among them.

Mozambique Oil & Gas: “Mamba LNG to proceed, even if not presold” – Eni source

Posted on July 30, 2018 by Mozambique Resources Post

A senior Eni executive has said that all partners in the planned Mamba LNG project in Mozambique are ready to sanction it – even if not all its volume is committed to third parties. Eni said in its 2Q results that it expects a final investment decision (FID) for Mamba LNG in 2019.

Global Oil & Gas: Chevron doubles earnings, Exxon’s up 18%

Posted on July 28, 2018 by Mozambique Resources Post

Chevron (NYSE: CVX) reported earnings of $3.8 billion for the second quarter, more than twice as much as a year earlier.

Global Oil & Gas: Oil Majors to Approve over $37B in Projects During Calendar Year

Posted on July 26, 2018 by Mozambique Resources Post

Oil majors are “on pace” to approve over $37 billion in projects during the calendar year, according to Rystad Energy.

Mozambique Oil & Gas: ExxonMobil Super Sizing Mozambique LNG

Posted on July 16, 2018July 16, 2018 by Mozambique Resources Post

ExxonMobil is expanding LNG train size for its Mozambique LNG project in an effort to cut production costs according to reports. The company is expanding the Rovuma LNG project by half before taking the project specifics to lenders for funding.

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 Oil & Gas: Rovuma gas among the world’s biggest upcoming offshore gas projects

Posted on July 9, 2018 by Mozambique Resources Post

According to GlobalData statistics, capital expenditure of $186bn is expected to be spent across the lifetime of the top ten offshore gas projects around the world, with $83.4bn being spent by 2025. Overall, these ten projects are set to produce 299 trillion cubic feet of natural gas.

Mozambique Oil & Gas: Country ready for next LNG phase

Posted on July 9, 2018July 9, 2018 by Mozambique Resources Post

Liquefied natural gas will start processing from a field off the coast of Mozambique by 2024 now that the government has the development plans, partners said.

Mozambique Oil & Gas: ExxonMobil & Eni submit Rovuma LNG Phase 1 Development Plan

Posted on July 9, 2018 by Mozambique Resources Post

Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique.

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