Oil & gas

Global Markets: TotalEnergies flags higher production, gas sales ahead of Q1 results

Posted on by Mozambique Resources Post
Global Markets: TotalEnergies flags higher production, gas sales ahead of Q1 results

TotalEnergies (TTEF.PA) boosted production and benefited from better gas sales in the first three months of 2025, though its refining branch is still recovering from an industry-wide drop in profitability, it said in a trading update on Tuesday. The French oil major’s shares were up 0.5% at 1035GMT. It is due to report first-quarter results on April 30. Oddo BHF analyst Ahmed Ben Salem said that among energy firms TotalEnergies “is the most resilient in a weaker macro…

Read More

Africa Oil & Gas: Angolan Govt to increase local content in the oil industry

Posted on by Mozambique Resources Post
Africa Oil & Gas: Angolan Govt to increase local content in the oil industry

The Angolan government is due to approve legislation to regulate local content and introduce clear, feasible and non-bureaucratic procedures in the oil industry in order to allow an effective and growing participation by the domestic industry, said on Monday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.

Read More

“Central Bank readies economy for massive entrance of gas dollars” – @Verdade

Posted on by Mozambique Resources Post
“Central Bank readies economy for massive entrance of gas dollars” – @Verdade

The Governor of the Bank of Mozambique revealed that the current account deficit deteriorated by US$ 414 million during the first half of the year, due to “the payment of specialized services of the megaprojects, in particular with regard to the construction of the platform in the Rovuma Basin.

Read More

Mozambique Oil & Gas: Local companies can’t afford megaprojects quality accreditation

Posted on by Mozambique Resources Post
Mozambique Oil & Gas: Local companies can’t afford megaprojects quality accreditation

Mozambique’s small and medium enterprises (SME) are being left out from the opportunities offered by the oil and gas projects because they do not have international quality accreditation the chairman of the Mozambique Chamber of Commerce said on Thursday.

Read More

Mozambique Oil and gas: Taxation can support local industrial development

Posted on by Mozambique Resources Post

Mozambique needs to adjust the tax regime applicable to the exploitation of oil and gas to its industrialization needs, to complement the provision of the Law on Mines and Petroleum, which obliges companies to allocate part of their production for electricity generation.

Read More
1 2 3 … 6