The Confederation of Mozambican Economic Associations (CTA), the country's main employers' association, on Wednesday advocated that problems between oil company TotalEnergies and Mozambican companies be resolved in local arbitration to avoid a "legal war"
Markets
Only safety will return Galp's investments in Rovuma
Galp Energia, one of the partners in a gas consortium led by Exxon Mobil in Mozambique, said it will not invest in its onshore units until the Mozambican authorities guarantee security and social stability, which may take time
Emirates announces net losses of $5.5 billion in 2020
The Middle East's largest airline, Emirates, announced Tuesday a net loss of $5.5 billion last year
Mozambique may increase gas exports to South Africa
Mozambique may increase gas exports to South Africa
Around 12,000 workers in the tourism sector are still without a job
About 12,000 workers in the tourism sector remain unemployed since they lost their contracts due to the crisis caused by the covid-19 pandemic
Pandemic retracts 53% tourist arrivals in the country
About 958,000 tourists entered the country during the past year, a decrease by 53% when compared to 2019, when there were about 2 million visitors
Bitcoin plummets. World's most famous cryptocurrency falls 12%
The virtual currency bitcoin has retreated to values from two weeks ago, and some analysts point to the fact that US authorities have managed to recover much of the ransom paid by Colonial Pipeline, in bitcoin, to Dark Side
Africans criticize shift of energy forum from Cape Town to Dubai
The leader of the African Energy Chamber (CAE) in Mozambique, Florival Mucave, criticized on Monday the move of the 'Africa Oil Week' (AOW) forum from Johannesburg to Dubai
Covid-19: Aviation Industry Begins to Recover Activity
The aviation industry is finally starting to recover after severe downturns in the sector due to the covid-19 pandemic
Corona survives the virus and is considered the most valuable beer brand in the world
At the beginning of the pandemic, memes multiplied on the Internet in which Corona beer was associated with the new coronavirus
G7 countries channel billions more into fossil fuels
G7 countries have pumped billions more into fossil fuels than they have given to clean energy since the pandemic began
Rovuma Basin: "Safety in the north is crucial for the natural gas project to move forward" - Galp
Galp has no news on natural gas development in the north of the country