The Planning and Budget Commission (CPO) of the Portuguese Parliament, defends the need to enhance the areas where natural resources are extracted in order to create conditions for their development, ensuring that these resources do not become a curse, but a blessing. The president of the commission, António Niquice, speaking...
The National Hydrocarbons Company has achieved 40% of participation in the Angoche block and the contract is expected to be signed between June and July this year, a source from ENH said a few days ago. ENH revealed having achieved a historic achievement of 40% of participation in oil exploration in Angoche block, surpassing the...
The creditors of TotalEnergies have reservations about the urgency of disbursing the amount agreed in the Final Investment Decision (DFI) for the implementation of the project in Area 1 of the Rovuma basin in Cabo Delgado Province, advances the Center for Democracy and Development (CDD). The lenders have also adopted a more cautious stance. That is, ...
The National Petroleum Institute (INP) intends to assess the level of conditions for the resumption of exploration and appraisal activities in Area-1 of the Rovuma Basin, said the Chairman of the Board of Directors of the National Petroleum Institute, Nazário Bangalane. For this purpose, according to Nazário Bangalane, quoted by RM, INP has been working...
The Parliament debates tomorrow, Wednesday, in generality, the bill that creates a sovereign wealth fund in the country. According to the press release of Parliament, the rationale of the proposal, which aims to ensure the application of gas revenues from the Rovuma basin in the development of the country, will be presented to members by the Minister of Economy...
TotalEnergies' independent report confirms an improvement of the humanitarian situation in Cabo Delgado province, in particular with the return of populations displaced by the conflict to the town of Palma and, to a lesser extent, to the town of Mocímboa da Praia. The report assessed the humanitarian operations and socio-economic development programs carried out by the...
The president of the Dangote group said on Monday (22) during the inauguration of the new refinery in Nigeria, the largest in Africa, that the plant will be "one of the most important on the continent and in the world." "Our first priority is to increase production to ensure that this year we will be able to fully satisfy the...
Equinor, Shell and Exxon Mobil have reached an agreement with the Tanzanian government to develop a liquefied natural gas (LNG) export terminal, the head of Equinor Tanzania said on Friday. The agreement is a major milestone for the long-delayed project to unlock the vast but remote...
The prices of petroleum products in Mozambique will now be reviewed monthly and their retail price will have to be adjusted and communicated to distributors on Thursdays of the third week of the month, in obedience to Decree 89/2019 of November 18. Thus, any change in the price of fuel in the international market should be reflected...
The rise in oil prices on the international market is leading to new international investments in the oil and gas sector in Angola, according to a new report from Deutsche Bank. Angola recorded 1.06 million barrels per day (bpd) of crude production in April, becoming Africa's largest crude producer for the month, advanced...
