Mozambique Oil & Gas: Anadarko denies any wrongdoing on land acquisition for gas project in Palma

Mozambique Oil & Gas: Anadarko denies any wrongdoing on land acquisition for gas project in Palma

US-based oil company Anadarko denied on Friday that it had broken the law in the process of obtaining title to the land where it will build the facilities for its natural gas project in northern Mozambique.

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Mozambique Oil & Gas: Govt to sign new gas agreements by September

Mozambique Oil & Gas: Govt to sign new gas agreements by September

Mozambique is on the cusp of a new wave of prospecting for gas and oil with the imminent adoption of revised model gas contracts. In 2015, the National Petroleum Institute (INP) announced the results of the fifth licencing round for the exploration and production of hydrocarbons.

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

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.

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Mozambique Oil & Gas: Northern extremists violence prevents Wentworth Resources appraisal activities

Violence in the northern Mozambican province of Cabo Delgado has caused oil and gas company Wentworth Resources to suspend its appraisal activity on an onshore block, and to get an extension to its appraisal licence which was due to expire this month, Zitamar reports

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Mozambique Oil & Gas: Rovuma extracted natural gas to be sent to clients by 2022

The first shipments of natural gas to be extracted in the Coral Sul project, a set of six wells with depths ranging between 1,500 and 2,300 metres that is part of the Area 4 block of the Rovuma basin, operated by Italian group ENI, is expected to be sent to customers in 2022, said the chairman of Mozambican state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH).

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Global Oil & Gas: Anadarko announces 2018 first-quarter results

Anadarko Petroleum has announced 2018 first-quarter results, reporting net income attributable to common stockholders of $121 million, or $0.22 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $158 million, or $0.30 per share (diluted), on an after-tax basis.  Net cash provided by operating activities in the first quarter of 2018 was $1.43 billion.

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