Sacoil

Mozambique Oil & Gas: Country Moves Closer to LNG Development, But Hurdles Remain

Posted on September 27, 2017September 27, 2017 by Mozambique Resources Post

Mozambique is moving closer to realizing its LNG development ambitions. Last month, the government signed contracts with Italian energy firm ENI and US oil and natural gas producer Anadarko Petroleum to build two separate LNG terminals in the country, Rigzone reports.

Africa Oil & Gas: SacOil settles OPL 233 legal dispute with Nigdel

Posted on October 12, 2016October 12, 2016 by Mozambique Resources Post

SacOil, a South African based independent African oil and gas company, has announced an update with regards to the legal dispute with Nigdel United Oil Company relating to the Company’s legacy involvement in Oil Prospecting Licence (‘OPL’) 233 in Nigeria.

Africa Oil & Gas: SacOil awarded licence extension for Block 1, onshore Malawi

Posted on June 10, 2016 by Mozambique Resources Post

SacOil has announced that an eight month extension of the current licence term of onshore licence, Block 1 – located in the northern part of Malawi – has been granted with the expiry date now confirmed as 12 August 2017. To date, SacOil, as operator, is in the process of finalising the environmental and social impact assessments as well as the evaluation and processing of the countrywide gravity and magnetic data over Block 1. In addition,…

Africa Oil & Gas: “Pipeline funded by China supports Mozambique’s industrialisation strategy” – Aubrey Hruby explains

Posted on April 13, 2016 by Mozambique Resources Post

The investment of US$6 billion in the Rovuma/Gauteng pipeline, the largest ever Chinese investment in Mozambique, will support Mozambique’s industrialisation strategy and strengthen the Chinese presence in the region, according to recent analyses collated by Macauhub.

CONSORTIUM FOR THE PALMA – GAUTENG PIPELINE: “Profin Consulting, SA belongs to the Chipande family”, CIP reports

Posted on March 16, 2016March 16, 2016 by Mozambique Resources Post

The South African gas and oil company SacOil, announced the establishment of a consortium which is to propose, to the Mozambican Government, the construction of a natural gas pipeline from Palma (Cabo Delgado) to Gauteng (South Africa), with branches to deliver gas to “cities and urban settlements” in Mozambique, according to the Mozambique Center for Public Integrity (CIP). In addition to SacOil, the announced consortium also includes the public company ENH (Empresa Nacional de Hidrocarbonetos) and Profin Consulting,…

Mozambique Oil & Gas: China and the Rovuma-Gauteng Gas Road

Posted on March 15, 2016 by Mozambique Resources Post

The participation of the China Petroleum Pipeline Bureau (CPP) in a 2,600 km pipeline to take gas from Mozambique to South Africa brings technical capacity and financial weight to a project that experts have previously warned looks too risky or expensive to fund, Interfax Global Energy reports.

Mozambique Oil & Gas: Growing competition to pipe Rovuma gas south

Posted on March 8, 2016March 8, 2016 by Mozambique Resources Post

Two pipeline projects are vying to export gas from the Rovuma Basin in northern Mozambique to South Africa. Both projects will be expensive and could leave South Africa overly dependent on Mozambican gas, industry experts have warned, cited by Interfax.

Mozambique Oil & Gas: China to lead Rovuma-South Africa $6bilion pipeline development

Posted on March 1, 2016 by Mozambique Resources Post

A $6 billion, 2,600km pipeline to take gas from the Rovuma Basin to South Africa is set to be developed by a consortium including a group of unnamed Mozambican private investors in partnership with South African energy firm Sacoil and led by China Petroleum Pipeline Bureau (CPP), according to an announcement made on Tuesday, 1 March, as quoted by Zitamar news portal.