The idea of Mozambique becoming a "major player" in the national energy market is being peddled all over the world, thanks to the "recent discoveries" of natural gas reserves all over the country. It is also said that the deposits, as well as containing large quantities, are also of high quality, capable of producing relatively minor effects...
French oil company TotalEnergies is awaiting the outcome of the current electoral cycle in the country to resume the Liquefied Natural Gas (LNG) project that has been suspended for four years in Afungi, Palma, Cabo Delgado province, due to insecurity. An AIM publication states that the information was shared a few days ago in Nova...
French oil company TotalEnergies TTEF.PA said on Thursday (26) that it was unaware of the torture and murder of civilians that allegedly took place in 2021 at the site of its future LNG plant in Mozambique, in response to a press report. A Reuters publication, quoting the American online newspaper "Político" said in a report published on Thursday that...
A terrorist attack on March 24, 2021 in the town of Palma, in the province of Cabo Delgado, forced the French multinational TotalEnergies on March 26, 2021 to declare "Force Majeure", withdraw all its personnel and suspend the progress of activities for the exploration of liquefied natural gas in Area 4...
Indonesian petrochemical company BUZI Hydrocarbonet, which is currently exploring for hydrocarbons in the Búzi block in Sofala province, central Mozambique, is interested in expanding its natural gas exploration and exploitation operations. In a publication in the newspaper Notícias, Rudêncio Morais, director of Research and Production at Empresa Nacional de Hidrocarbonetos (ENH, EP), revealed...
The Mozambican government and Italian oil company ENI, which is exploring Area 4 of the Rovuma basin in the northern province of Cabo Delgado, intend to strengthen security cooperation to prevent terrorist attacks in the region. The intention was discussed by the Mozambican Defense Minister, Cristóvão Chume, and the general director of ENI-Mozambique,...
Mozambique has the right conditions to enable the production of biofuels for domestic consumption, thus reducing imports of fossil fuels, as suggested by a study commissioned by the Ministry of Economy and Finance (MEF). In a publication in the newspaper Notícias, the coordinator of the Economic Reforms Office at the MEF, João Macaringue, explained that the research comprised...
Italian petrochemical company Eni SpA posted a profit of 1.52 billion euros in the second quarter of 2024, beating expectations due to strong performance in its oil and gas exploration business. The floating natural gas platform, Coral Sul FLNG, anchored in the deep waters of the Rovuma basin in Cape...
The revenues derived from the exploitation of natural resources, which the Mozambican state intends to control and manage through a transitory account domiciled at the Bank of Mozambique, called the Sovereign Fund, have already begun to revert to the country. According to the daily newspaper Notícias, this year alone, 7.285.74 million euros were transferred to the Sovereign Fund's transitory account...
Portuguese energy multinational Galp, which recently concluded the divestment of Area 4, in the Rovuma basin, Cabo Delgado province, northern Mozambique, says that the decision is part of its strategy to focus on high return, low cost and low carbon intensity projects. According to Galp's CEO, Filipe Silva, who...