Rovuma

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

Posted on December 10, 2018December 10, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Anadarko working on SPAs for Rovuma Area 1 block

Posted on September 20, 2018September 20, 2018 by Mozambique Resources Post

Anadarko Petroleum has agreed key terms on the offtake of around two-thirds of the liquefied natural gas from the first phase of its proposed Area 1 development in Mozambique, where sanction is set for the first half of next year.

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

Posted on August 26, 2018August 26, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: CIP apprehensive about Mozambique mortgaging future gas revenues

Posted on August 22, 2018 by Mozambique Resources Post

Mozambique’s sovereign debt creditors have proposed that the government pay US$200 million off by 2023, from then on receiving the remainder from gas revenues.

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

Posted on July 9, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Rovuma oil firms deny any security deal with Erik Prince group

Posted on June 18, 2018June 18, 2018 by Mozambique Resources Post

Companies operating in the Rovuma Basin off the coast of the northern Mozambican province of Cabo Delgado have categorically denied that they have any security arrangement with the American businessman, Erik Prince.

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

Posted on June 7, 2018June 7, 2018 by Mozambique Resources Post

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

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

Posted on June 5, 2018 by Mozambique Resources Post

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).

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

Posted on May 2, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Mozambican Gas for Kenya Project

Posted on April 24, 2018 by Mozambique Resources Post

Kenyan and Mozambican officials met in Maputo to discuss how to market Mozambican gas in Kenya. The talks between the two countries are part of Kenya’s project to install a 700 MW thermal power station near the port city of Mombasa.

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