IN-VR kicks off its Africa Upstream, Gas & LNG Summit this morning.
With two LNG projects in Mozambique moving ahead, and a third said to be close, the time is right for the Mozambique Gas Virtual Summit.
Mozambique expects to earn $96 billion from the production and liquefaction of its natural gas reserves and is considering a sovereign wealth fund (SWF) in order to maximise the benefits.
Speakers talking about Mozambique at the Energy Industries Council’s (EIC) virtual Energy Exports Conference (VEEC) were keen to stress local benefits.
COVID-19 has delayed South Africa’s plans for a new upstream bill and exploration drilling in Mozambique.
The COVID-19 pandemic has triggered one of the most volatile periods on record for energy markets, not least within the LNG industry.
Sasol’s Lake Charles Chemicals Complex has been damaged by Hurricane Laura and has lost power.
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
Islamist forces appear to have seized the port of Mocimboa da Praia, in Mozambique’s gas-rich northern Cabo Delgado province.
The $14.9 billion Mozambique LNG financing has been signed, Oil India Ltd (OIL) has said.
Sasol has opted to drop an exploration licence offshore central Mozambique.
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
Sasol has signed a deal to sell its indirect stake in the Escravos gas-to-liquids (GTL) plant, in Nigeria, to Chevron.
A group of NGOs has accused Total and the French state of “machinations” involving Mozambique’s gas industry.
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Conference organiser IN-VR is setting out its virtual stall for an online summit on oil and gas plans in Mozambique, with all proceeds being donated to Afrilanthopy, a local NGO.
Geofizyka Toruń has completed a 2D seismic study for Sasol in Mozambique, demonstrating that exploration in the East African state is progressing despite some disruption stemming from coronavirus.
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Mozambique’s military forces have regained control of Macomia, a town in the northern Cabo Delgado Province around 200 km from the LNG construction site.
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
Japan’s JGC remains positive about receiving the go ahead for work in Qatar, Iraq, Oman and Mozambique.
The US’ Export-Import Bank has tweaked the loan it is providing to the Mozambique LNG project to include work offshore.
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.
The Islamic State (IS) has released video of a helicopter shot down in northern Mozambique, said to belong to anti-jihadist mercenary forces.
ExxonMobil’s decision to slash capital expenditure this year by 30% has pushed back a final investment decision (FID) on the Rovuma LNG project, in Mozambique.