Petronas

Angola: Petronas and TotalEnergies’ honeymoon period continues in offshore

Posted on September 18, 2023September 18, 2023 by Mozambique Resources Post

On 13 September, the Angolan Ministry of Oil and Gas authorised the Malaysian oil giant Petronas to take over half of TotalEnergies’ 80% stake in Block 20/11. The block is located in the Kwanza basin, off the coast from the Angolan capital Luanda. Petronas now holds 40% of Block 20, TotalEnergies 40% and state-owned Sonangol 20%. TotalEnergies took over Block 20/11 in June 2020 after the US group Cobalt Energy International went bankrupt. The asset is of major importance as the American…

Africa Oil & Gas: South Africa to invest USD1 billion in South Sudan’s oil sector

Posted on November 26, 2018 by Mozambique Resources Post

South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday.

Africa: Petronas Takes Piece of Senegal Block

Posted on August 20, 2018 by Mozambique Resources Post

Malaysia’s state-run energy firm, Petronas, is joining Total offshore Senegal. The company signed a farm-in agreement with Total subsidiary, Total E&P Senegal for a 30% interest in the Rufisque Offshore Profond Block.

Africa Oil & Gas: Petronas farms into FAR’s Gambia blocks ahead of new well

Posted on February 27, 2018 by Mozambique Resources Post

Australian oil and gas company FAR Ltd has signed a farm-out agreement with a subsidiary of Petronas to assign a 40% interest in each of the offshore petroleum licenses, Blocks A2 and A5 in The Gambia.

Africa Oil & Gas: “Insecurity and conflict still hampering South Sudan’s oil” – Petroleum Economist reports

Posted on October 13, 2016 by Mozambique Resources Post

Heavily in debt and still suffering ruinous violence, South Sudan desperately needs to lift oil production and has bright hopes to send exports to neighbouring Ethiopia. The government in Juba has even suggested that output could reach 0.5m barrels a day, the level it says it was pumping before civil war broke out in 2013.

Africa Intelligence News: The energy side of President Nyusi’s trip to Paris

Posted on July 29, 2015 by Mozambique Resources Post

During his official visit to Paris between July 19-21, Mozambique president Filipe Nyusiheld private talks with executives from Total and Alstom. Since 2012 Total has owned a 40% stake in blocks 3 and 6 operated by Malaysia’s Petronas in the Rovuma basin but up to now no finds have been made on the concessions.

Mozambique LNG Project: China amongst main markets for Mozambique’s natural gas

Posted on April 9, 2014 by Mozambique Resources Post

China is one of the main future markets for Mozambique’s natural gas and its state oil companies are taking stakes in the consortiums responsible for its export. After Sinopec took a 20 percent stake in a concession in the Rovuma basin, now the China National Offshore Oil Corporation (CNOOC) is the main party interested in buying a portion of the same concession, operated by Italian group ENI, according to the Africa Monitor newsletter. The CNOOC…