Civil society organizations are advocating the adoption of strategies that allow a balance between savings and consumption in the implementation of the Sovereign Wealth Fund in Mozambique, so that the revenues from the exploitation of natural resources can benefit present and future generations. Speaking yesterday, Wednesday (08), during the International Conference on the Sovereign Fund, Moisés...
ExxonMobil is "optimistic and moving forward" with the Rovuma liquefied natural gas (LNG) project in Cabo Delgado, according to a senior company source. The final investment decision could be made by the end of next year, a company official told Reuters yesterday. ExxonMobil and Eni are...
The President of the Republic, Filipe Nyusi, said yesterday, Thursday (02), that it is "fundamental" to continue with the gas exploration mega-projects in the Rovuma basin and that these cannot be stopped by an alleged lack of funding or terrorism in the north of the country. "This is fundamental because it can't be a problem of financial decisions,...
This Thursday in Maputo, the President of the Republic, Filipe Nyusi, will lead the opening ceremony of the 10th edition of the Mozambique Mining and Energy Conference and Exhibition. According to a press release, the event will serve as a space to address the development of regional energy infrastructures, as well as to stimulate investment...
Mozambique Rovuma Venture (MRV) plans to install a floating platform for the production of liquefied natural gas (LNG) more than 50 kilometers north of the district of Palma, Cabo Delgado province. The Coral Norte project, in Area 4 of the Rovuma basin, foresees the installation and operationalization of the infrastructure in 2027. It could...
Shell, Total and Chevron are interested in buying the shares that Galp is offering in its 80% stake in the Mopane oil project off the coast of Namibia, reports the Financial Times (FT). According to the newspaper, the amount of oil discovered in Namibia "is...
Portugal's Galp is to put up for sale 40% of its stake in the exploration block off Namibia, where it recently made a major oil discovery. According to the international press, the information was provided by anonymous sources who were not authorized to speak to the media. Galp holds a stake of 80% and...
South African state oil and gas company PetroSA expects to receive the first shipment of gas from an agreement with Mozambique's Empresa Nacional de Hidrocarbonetos (ENH) by the end of this year, the authorities said, quoted by Reuters. This effort, according to the oil company, is aimed at boosting gas supplies before...
The US oil company, ExxonMobil, has assured the continuity of its natural gas projects in Area 4 of the Rovuma basin, in the north of the country, assuring that it is still "carefully" analyzing the dates for making the final investment decision. The assurance was given by Walter Kansteiner, ExxonMobil's vice-president for External Relations, while speaking to journalists...
Final preparations are underway for the 1st Liquefied Petroleum Gas (LPG) Exhibition of Southern Africa and 2nd of Eastern Africa, which will take place on April 17 and 18 in the city of Maputo. With more than two thousand visitors expected, the event will be attended by 30...