Mozambique’s extractive sector revenue triple boosted by capital gains tax

[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More

Tembo 1 well plugged and abandoned after minimal success

[twitter-follow screen_name=’oilnewskenya’] After a number of delays Wentworth Resources has announced that drilling operations of the Tembo-1 well have now completed and with the well having reached to a total … Read More

India and Mozambique Government MoU to Enhance Cooperation in Oil and Gas field

Indian minister of State for Petroleum & Natural Gas Dharmendra Pradhan and Mozambique Minister of Foreign Affairs and Cooperation Mr. Oldemiro Julio Marques Baloi recently signed a memorandum on cooperation … Read More

Sasol, ENH and Eni announce pre-feasibility study for large-scale gas-to-liquids facility in Mozambique

Sasol  has announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique. The study, which is … Read More

Rosneft and Mozambique’s ENH sign Memorandum of Understanding

Igor Sechin, President and Chairman of the Management Board, Rosneft, Nelson Ocuane, President, Empresa Nacional Hidrocarbonetos De Moçambique (Mozambique National Oil Company, ENH) and Paulino Gregório, Director, ENH signed a … Read More

Mozambique sell helps cushion Anadarko from bigger losses

Anadarko Petroleum has reported a net loss of $2.669 billion largely driven by  a contingent loss of $4 billion from the Tronox Adversary proceeding agreement. The sale of a portion … Read More