ENI, the Italian oil company that holds the concession for Area 4 of the Rovuma Basin, in Cabo Delgado province, is in the process of obtaining approval from its partners for the development of a second floating platform, called Coral Norte. The information was shared recently in Maputo by Giorgio Vicini, Eni's representative in Mozambique, who, according to "Notícias"...
The natural gas fields discovered off Mozambique represent a huge opportunity for the African country's development, Italian Prime Minister Giorgia Meloni said during a visit to the head of Italian energy group Eni. Speaking after a meeting with President Filipe Nyusi, Meloni said that state-controlled Eni is...
Last Friday, the President of the Republic, Filipe Nyusi, invited Italian companies operating in the country to prioritize local content as a way of promoting and enhancing Mozambican products. The Mozambican statesman, who was speaking in Maputo at a joint press conference with Italian Prime Minister Giorgia Meloni, who is on a working visit...
Survivors and relatives of victims of an insurgent attack in 2021 in Palma, Cabo Delgado province, in northern Mozambique, have filed a complaint against TotalEnergies for negligence and indirect homicide, alleging that the French oil company failed to ensure the safety of subcontractors. Quoted by AFP, the plaintiffs' lawyer Henri Thulliez explains that...
French oil company TotalEnergies plans to restart construction work on a liquefied natural gas plant later this year, the company's chairman announced at a conference with analysts. Patrick Pouyanne, quoted by Bloomberg, said at the same conference that "the situation has clearly improved". Total's CEO told analysts that the situation of insecurity...
The Mozambican government plans to produce around 30,000 tons of Liquefied Petroleum Gas (LPG) (cooking gas) from 2024. The information was revealed yesterday during the opening of the 8th Mozambique Gas and Energy Summit and Exhibition, a two-day event taking place in Maputo. As announced yesterday, the Minister of...
Standard Bank is a co-sponsor of the ninth annual Gas and Energy Summit and Exhibition (MGES), which brings together various national and international players in the sector to discuss the various investment opportunities that the country offers in the areas of mining, energy, and oil and gas....
Data from Companhia Moçambicana de Hidrocarbonetos (CMH) reveals that its profits increased by 75%, to 64.8 million dollars, between July 1, 2022 and June 30, 2023, compared to the same period last year, when 37.2 million dollars were recorded. According to Lusa, which cites the financial statements...
Ukraine announced on Monday that it had recovered an oil and gas platform in the Black Sea that had been controlled by Moscow since 2015, following a counter-offensive operation by Kiev's forces. In a press release, the Ukrainian Defense Ministry said that "Ukraine has regained control of 'Vishki Boika'". A...
The European Union's (EU) energy dependence on Russia registered a "notable decline" in coal, oil and gas in the second quarter of this year compared to 2022, leading to a reduction in the trade deficit between the two blocs. The data, quoted by Lusa, was released a few days ago by the EU's statistical office and reveals that...