Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt

Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt

Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.

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Global Markets: Shell leads cash race but Exxon catching up

Global Markets: Shell leads cash race but Exxon catching up

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

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Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.

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

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

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.

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Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.

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