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Mozambique Oil & Gas Industry: Rosneft and ENH Sign MoU

Posted on June 17, 2014 by Mozambique Resources Post

Igor Sechin of Rosneft, Nelson Ocuane, President, of ENH (Mozambique National Oil Company) and Paulino Gregório, Director, ENH signed a Memorandum of Understanding at the 21st World Petroleum Congress on June 16, 2014.

“MOZAMBIQUE OIL & GAS ROVUMA REVENUES AT RISK??” CIP- CENTER FOR PUBLIC INTEGRITY ASKS

Posted on June 16, 2014 by Mozambique Resources Post

A report by Report By CIP – Center for Public Integrity says “Inflated Exploration Costs Undermining Future Government Revenue”. Extractive sector companies regularly avoid taxes by exaggerating expenses. Through 2012, Anadarko claimed exploration costs in Mozambique of $700 million. One year later they claimed exploration costs of $3 billion. The Government should immediately audit exploration expenses for Anadarko and ENI. The contracts allow for an initial audit of the last three years, with provision to go…

Global Oil & Gas Industry: Golden Age’ of gas coming to China

Posted on June 10, 2014 by Mozambique Resources Post

IEA says in latest five-year outlook Near-doubling of Chinese demand for gas by 2019 offsets slowdown in other regions. Driven by booming demand, the “Golden Age” of natural gas that is now firmly established in North America will expand to China over the next five years, the International Energy Agency (IEA) said in its 2014 Medium-Term Gas Market Report released today. The projected near-doubling of Chinese gas demand through 2019 compensates for a slight slowdown in growth…

World Energy Sustainability: “World Has to Invest USD 48 Trillion to Meet Its Energy Needs”, IEA says

Posted on June 4, 2014June 4, 2014 by Mozambique Resources Post

Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released yesterday (Jun 3rd, 2014) by the International Energy Agency (IEA) as part of the World Energy Outlook series.

A Relevant Aproach to World Oil & Gas Industry: Kiev to Begin Paying Down Gas Debt to Gazprom

Posted on May 30, 2014 by Mozambique Resources Post

RT News reported that negotiators from Ukraine have reached an agreement for the country to pay back the first tranche of its gas debt to Russia’s Gazprom (MCX:GAZP). Both sides have tentatively agreed that Ukraine will pay $2.5 billion for gas supplied from November to May, according to RT News.

It Does Need Some Experts Reflection: What is the Plan beyong Russia’s Expansion into Asian Gas Markets

Posted on May 30, 2014 by Mozambique Resources Post

Russia’s Expansion into Asian Gas MarketsRussia recently signed a major $400-billion gas deal with China, and now Japan appears to want in on the action as well. Bloomberg reported that a group of 33 lawmakers in Japan is pushing the government to build a $5.9-billion pipeline to the island nation from Russia.

A Look At Our Neighbour: Angola LNG plant at standstill until mid 2015

Posted on May 30, 2014 by Mozambique Resources Post

The Angola LNG natural gas liquefaction unit is expected to re-launch production only in mid 2015, said a spokesman for US oil group Chevron.

REMINDER: World Energy Investment Outlook, 3 June, London

Posted on May 27, 2014May 27, 2014 by Mozambique Resources Post

Maria van der Hoeven, Executive Director, International Energy Agency (IEA) and Fatih Birol, Chief Economist, IEA you for the launch of World Energy Investment Outlook – a Special Report from the IEA’s World Energy Outlook 2014 on Tuesday, 3 June, 2014 at 10:00 a.m. London time, Hilton London Tower Bridge, 5 More London Place, Tooley Street, London SE1 2BY.

Africa Oil & Gas Industry: PTTEP Seeks Upstream Investment Opportunities in Africa

Posted on May 23, 2014May 27, 2014 by Mozambique Resources Post

Thailand’s upstream petroleum company PTT Exploration and Production Plc (PTTEP) is exploring opportunities to invest in Africa beyond Algeria, Kenya and Mozambique, where it already has investments, a senior official was quoted as saying in local daily Bangkok Post Friday.

MEDIA ADVISORY: World Energy Investment Outlook, 3 June, London

Posted on May 20, 2014May 27, 2014 by Mozambique Resources Post

Maria van der Hoeven; Executive Director, International Energy Agency (IEA) and Fatih Birol, Chief Economist, IEA invite you for the launch of World Energy Investment Outlook, a Special Report from the IEA’s World Energy Outlook 2014 to take place on Tuesday, 3 June, at 10:00 a.m. London time; Hilton London Tower Bridge 5 More London Place, Tooley Street, London SE1 2BY.

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