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. Advertisements
ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry.
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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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“2018 has been a remarkable year for ExxonMobil in Mozambique,” the company’s country manager Jos Evens said after signing three new exploration and production concession contracts (EPCCs) for areas off the country’s long coast in early October.
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US oil giant ExxonMobil, together with its Russian concession partner Rosneft, will start exploring for oil and gas in its offshore blocks in the Angoche basin this month, according to a report by Radio Moçambique.
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The Council of Ministers on Tuesday approved oil and gas exploration and production contracts in five offshore areas and one onshore in four provinces.
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The Mozambican government and Exxon Mobil are to sign a contract for oil prospecting and research in September under the 5th international tender for oil and gas research areas in Mozambique launched in 2014, the president of the National Petroleum Institute (INP) said today.
Read MoreExxonMobil and Eni have announced that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique.
Read MoreTanzania’s announcement that it is seeking to hire consultants to reinvigorate stalled negotiations on a proposed liquefied natural gas development will likely be welcomed by the industry. But problems elsewhere in the oil and gas sector suggest that relations between government and producers remain strained.
Read MoreTotal, Shell and ExxonMobil are among the majors with commercial finds to develop.
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