East Africa LNG projects likely to face delays
LNG production in Tanzania and Mozambique along the East African coast is likely to face delays despite huge finds due to high cost of production, difficulty in access to financing … Read More
Tag: Mozambique
Far to raise KES 700 million for offshore Kenya exploration
Australian explorer FAR Ltd has announced an equity raising placement which is expected to raise $8 million before expenses. The placement is being undertaken to fund further exploration in offshore … Read More
Madagascar Oil Declares Block 3104 Tsimiroro commercially viable
Madagascar Oil has announced it has determined that the Block 3104 Tsimiroro discovery is a ‘Commercial Discovery’, under the terms of the Production Sharing Contract between OMNIS and Madagascar Oil S.A. (‘PSC’). Declaration of … Read More
Eaton sees $4 billion opportunity in Tanzania’s and Mozambique’s LNG facilities
Power management company Eaton has said there is a opportunity for companies offering electrical solutions for oil and gas to make over $4 billion in the next decade from the … 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
Oyster oil and gas to start drilling in Djibouti and Madagascar in 2015
Oyster oil and gas will begin drilling in Djibouti and Madagascar in 2015 the first wells by the company since its formation in 2010. The company that has four … Read More
Rosneft looking at expansion in Mozambique and Angola
[twitter-follow screen_name=’oilnewskenya’] By Reuters Russian oil producer Rosneft may expand in the African countries of Angola and Mozambique, where its boss Igor Sechin served as a Soviet translator in the … Read More
Piracy could threaten Mozambique’s Gas exploration and production
[twitter-follow screen_name=’oilnewskenya’] A professor at the Aquino de Braganca Centre for Social Studies in Maputo Joao Paulo Coelho has warned Somali pirates could be a cause for maritime security off … Read More
OVL may raise USD 500-700 m to fund Mozambique acquisition
Story by Moneycontrol.com ONGC Videsh Ltd plans to raise USD 500-700 million loan by pledging future crude oil production from its overseas assets, to fund the acquisition of a Mozambique … Read More
Mozambique shows no opposition to Eni’s block sale
The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, yesterday met in Bruxelles for an update on Eni’s activities and projects in the country During … Read More
