Mozambique

South Africa’s Sasol, partners awarded two oil licences in Mozambique

November 04, 2015 | Licensing & Concessions, Mozambique

London, UK | – South Africa’s Sasol, an integrated energy and chemical company based in Johannesburg, South Africa and partners were awarded two licences in Mozambique’s fifth licencing round. Sasol (70 percent interest, operator) and ENH, Mozambique’s state oil company (30 percent carried interest), were awarded the onshore Area PT5-C, which is 3,012 square kilometres, adjacent to the Pande and Temane fields, the South African firm said last week. The other successful bid was for Area A5-A, which is 5,145 square kilometres, situated in the …

Mozambique sacks heads of State energy companies

August 12, 2015 | Management, Mozambique

Maputo, Mozambique | – Mozambique’s government has sacked the heads of the state energy companies responsible for overseeing the development of huge offshore gas reserves, cabinet said late on Tuesday. The chairpersons of Mozambique’s National Hydrocarbons Company (ENH) and the National Institute of Petroleum (INP) had been removed, a statement following a cabinet meeting said, without giving a reason. Nelson Ocuane has been replaced as chairperson of the ENH by the Deputy Minister of Industry and Trade Omar Mitha. Arsenio Mabote will be replaced at …

Anadarko appoints contractor for Mozambique LNG development

May 19, 2015 | Company Operations, Mozambique

Houston, US | – Anadarko Petroleum, on behalf of the co-venturers in Mozambique’s Offshore Area 1, has announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique. The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 MMtpa, which is an increase of 1 MMtpa per train over the original plan, while maintaining an estimated cost that is consistent with …

Anadarko not in talks to sell Mozambique assets

May 05, 2015 | Asset Acquisitions & Divestitures, Mozambique

Houston, US | – American oil and gas exploration company, Anadarko Petroleum Corporation is not in talks to sell its multi-billion dollar stake in Mozambique’s gas reserves and is instead working toward a final investment decision on the planned liquefied natural gas (LNG) project, the company’s CEO said on Tuesday. “As it relates to Mozambique, we’re not in discussions with anybody,” Al Walker, Anadarko’s chief executive officer said in a response to a question on the company’s earnings call. “We’ve never hired a banker to …

India to invest $6 billion more in Mozambique gas block

April 14, 2015 | Development / Production, Mozambique

New Delhi, India | – In addition to the $6 billion already invested, Indian oil companies are slated to invest another $6 billion in stages by 2019 in Mozambique’s Rovuma Area 1 offshore block, Petroleum Minister Dharmendra Pradhan said on Monday. “In Mozambique, where I have just concluded my official visit, we have invested more than $6 billion. Another $6 billion will be invested to develop Rovuma Area 1 field,” Pradhan told reporters here. State-run ONGC Videsh Ltd., Oil India and Bharat Petroleum Corp have bought …