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Mozambique News

 

International Consortium Secures Work on LNG Scheme off Mozambique

Sep 30, 2024

McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique.The project is a joint venture between ExxonMobil Development Africa, Eni and CNODC Dutch Cooperatief.Rovuma LNG Phase 1 includes liquefaction and export of natural gas extracted from the Offshore Area 4 fields off the Afungi Peninsula in Mozambique…

Mozambique Approves Eni's Coral Norte FLNG Plan

Apr 08, 2025

Mozambique on Tuesday approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.According to a government statement, the plan will see the production of 3…

US Grants $5B Loan to TotalEnergies for Mozambique LNG Project

Mar 14, 2025

The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…

Exxon Expects First LNG From Mozambique Project in 2030

Nov 07, 2024

Exxon Mobil is expecting the first liquefied natural gas (LNG) output from its project in Mozambique in 2030, a company executive said on Thursday.Exxon along with partners including Eni and China's CNPC are developing an LNG project in northern Mozambique…

China’s CNOOC Acquires Five Offshore Blocks in Mozambique

May 24, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has through its wholly owned subsidiaries acquired five offshore oil and gas blocks in Mozambique.CNOOC’s subsidiaries have entered into petroleum exploration and production concession…

Galp Sells Its Upstream Assets in Mozambique to ADNOC

May 22, 2024

Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…

ExxonMobil Pushing Forward with Mozambique LNG Project

May 03, 2024

ExxonMobil is 'optimistic and pushing forward' with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said on Thursday.ExxonMobil and its…

Technip Energies Hands Over Coral Sul FLNG Unit to Eni

Jan 26, 2024

The performance tests on Eni’s Coral Sul floating LNG (FLNG) unit offshore Mozambique, led by Technip Energies, have confirmed the requirements of LNG production of above 3.4 million tons per year.Following the completion of the performance tests…

Mozambique Offshore Gas Fields Huge Opportunity for Country, Italy PM says

Oct 13, 2023

The gas fields discovered offshore Mozambique represent a huge opportunity for the development of the African country, Italian Prime Minister Giorgia Meloni said during a visit with the head of Italian energy group Eni. Speaking after a meeting with Mozambican President Filipe Nyusi…

Mozambique Attack Survivors File Complaint Against TotalEnergies

Oct 12, 2023

Survivors and relatives of victims of a 2021 insurgent attack in Mozambique have filed a complaint against TotalEnergies for negligence and indirect manslaughter, saying the company had failed to ensure the safety of subcontractors.TotalEnergies rejected the allegations…

Eni Eyes FID on Second FLNG Project in Mozambique in 2024

Oct 11, 2023

Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.Its first LNG project…

TotalEnergies Prepares for Mozambique LNG Restart

May 23, 2023

French energy company TotalEnergies will make good on an action plan to address the rights of residents near its Mozambique LNG project over the summer, the oil major said on Tuesday, taking a step closer towards a restart.'At this time there is no date for a restart…

Gallery: Mozambique's Coral Sul FLNG Ships First LNG Cargo

Nov 14, 2022

The Italian oil and gas company Eni, the operator of the the Coral South project offshore Mozambique, said Monday that the first shipment of LNG produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, had departed from the Coral Sul FLNG facility…

Baker Hughes Lands Work on World's First Deepwater FLNG Unit

Sep 30, 2022

Oilfield services firm Baker Hughes said Friday it had secured a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating…

Amid Energy Crisis, EU Plans to Help Gas-rich Mozambique Boost Security

Aug 16, 2022

The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy…

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Despite tariffs, some European companies are hesitant to expand in the US
Brazil's Vale has not seen any material impact from the trade war.
The global trade situation is further complicated by the contradictory statements of US and China.
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