ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
ExxonMobil continues to hold out hope for its Rovuma LNG project, in Mozambique, while Shell has held talks with the Tanzanian government on another East African export plan.
A larger than previously thought share of the world’s hydrocarbons cannot be produced if the world is able to control warming to only 1.5 degrees Celsius.
Creation of a strong national oil company is essential to meeting South Africa’s energy needs, Minister of Mineral and Energy Resources Gwede Mantashe has said.
Mozambican businesses looking to cash in on Africa’s biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Total’s $20 billion natural gas export project.
East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.