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African Development Bank approves $400 million to support Mozambique’s ambition to become global Liquefied Natural Gas (LNG) player

The African Development Bank Group has approved a long-term Senior Loan of $400 million to support the building of an…

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Recent FID in Mozambique LNG a shared cake with Southern and East African Economies

By John Chacha Jr The 2nd Quarter of 2019 came with a number of developments in Africa. The major one…

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African producers call for unity, cooperation and reform

The African Petroleum Producers Organization (APPO) and its member countries call for unity, cooperation and reform amongst oil producers ahead…

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Wentworth Resources to relinquish Tembo Block To Focus on Mnazi Bay Asset

Wentworth Resources has that it intends to relinquish the Tembo block with a planned effective date of 30 April 2019 ahead of the…

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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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Discover Exploration Limited Farms Out Blocks 35, 36 & 37 to Tullow Oil Offshore Comoros

Discover Exploration Limited has announced that its wholly-owned subsidiary Discover Exploration Comoros B.V. has signed a binding agreement to farm out…

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Anadarko Allocates $200M Towards Mozambique LNG Project

Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately $200 million toward its LNG project, pre…

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Fast-Track PSTM Data from CGG’s Mozambique Multi-Client Survey Out

CGG has announced that the fast-track 3D seismic data from its recent Mozambique multi-client survey in the outer Zambezi Delta…

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Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external…

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Mozambique Approves PSCs Awarded During the 5th Competitive Bidding Round

The Mozambique’s government has approved exploration contracts to various international companies awarded blocks during the 5th Competitive Bidding Round in 2015…