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Chemical and oil companies to slash capex, slowing investment wave

By Joseph Chang, Global Editor, ICIS Chemical Business In the wake of the coronavirus and collapse in crude oil prices,…

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The Mozambican Gas Promise and Why It Epitomizes the African Dream

It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas…

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Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData

In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a…

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Qatar Petroleum signs an exploration agreement into Mozambique

Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore…

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Eni, ExxonMobil Submit Rovuma LNG Phase 1 Development Plan

Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project,…

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Mozambique Area 4 progressing Rovuma LNG marketing

ExxonMobil and Eni have announced that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural…

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Rosneft, ExxonMobil to sign gas agreement with Mozambique in 2018

Mozambique’s fifth licence round winners Rosneft and ExxonMobil will sign an Exploration Production Concession Contract with the Mozambique government for blocks…

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ExxonMobil Completes LNG Acquisition From Eni in Mozambique Area 4

ExxonMobil has announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in…

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Eni achieves financial close for Coral South FLNG in Mozambique

Eni, together with its Area 4 Partners, have announced that the Coral South FLNG multi-sourced project financing achieved financial close,…

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CGG signs agreement with Mozambique for vast 3D seismic offshore program

CGG has announced that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a…