Sale

Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

After BW Offshore marked the FPSO Abo for sale, the divestment process was previously expected to close in 1H 2023. According to the Norwegian player, the FPSO was sold to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million on Friday, 15 September 2023. As part of the transaction, the duo entered into a bareboat charter to allow for uninterrupted operations during a transition period of a maximum of two months….

Mozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell

Posted on February 5, 2019February 5, 2019 by Mozambique Resources Post

Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.

Africa Oil & Gas: Angola’s Sonangol to sell subsidiaries and non-core stakes

Posted on November 21, 2018 by Mozambique Resources Post

The non-core subsidiaries and non-core stakes of Angolan state oil and gas company Sonangol will be part of the first and second phases of the country’s privatization programme, an official said on Tuesday in Luanda.