The Council of Ministers today approved the terms of the Oil Exploration and Production Concession Contract for China National Offshore Oil Corporation (CNOOC) Hong Kong Holding Ltd and Empresa Nacional de Hidrocarbonetos (ENH), as concessionaires. The company will be able to carry out its work in offshore areas S6-A and S6-B in the...
South African multinational SASOL has announced the discovery of yet another gas reserve in the Inhassoro district of Inhambane province. The reserve is located in the "khometela" region, on the border between the districts of Inhassoro and Mabote. However, studies are still needed to determine the quantity and commercial value. Mateus Mosse, Director of Corporate Relations...
Italian oil company Eni is to acquire materials to support the development of gas production by Eni Rovuma Basin B.V. in Area 4 of the Rovuma Basin, in Cabo Delgado province. The idea is to speed up activities for the drilling, completion and cleaning of four hydrocarbon wells in that area. The start of drilling...
The National Petroleum Institute (INP) is said to have given a mysterious destination to 2.15 million US dollars in recoverable costs drained from the state by Buzi Hidricarbons between 2009 and 2023. A document from the Center for Public Integrity (CIP) published today reveals that the amount was supposed to be used for social development projects. However,...
The China National Offshore Oil Corp (CNOOC) has announced the discovery of significant reserves of light oil in the deep waters of Kaiping South, in the country's South Sea. The reserve was found at a depth of around 500 meters, 300 kilometers off the coast of Guangdong province. The well is estimated to contain more than 100...
Oil Oil ppppGalp announced last week (14) its second high-quality oil discovery in Namibia. The column with significant quantities of "light" oil is located in the Mopane-2X well in block PEL83. The company announced its first discovery in the same block on January 26, in the Mopane-1X (AVO-2) area. The...
On Tuesday (12), the government approved, in the Council of Ministers, the regulations for the Mozambique Sovereign Fund (FSM), the implementation of which will begin next month. It is a regulation that materializes the Law creating the FSM, approved last December by the Assembly of the Republic (AR). "Our expectation is that all the work relating to...
The Temane Thermal Power Plant (CTT), a project that will produce 450 Megawatts of electricity, budgeted at 650 million dollars, will come on stream this year, according to the project plan and the government's prospects. CTT will be the first gas-fired power station of this size built in the country after the...
The general manager in Mozambique of the American oil company ExxonMobil, Arne Gibbs, said that safety conditions in Cabo Delgado province, especially in the regions where liquefied natural gas (LNG) projects are being carried out, are improving compared to previous years. ExxonMobil is leading the construction and operation of all...
The business sector in Cabo Delgado suggested this Tuesday the withdrawal of French investment in natural gas projects in the Rovuma basin, claiming that the discovery of natural gas has created instability in the north of the country. According to the president of the Cabo Delgado Business Council, Mamudo Irache, French investments in Area 1...