African Development Bank approves $400 million to support Mozambique’s ambition to become global Liquefied Natural Gas (LNG) player

The African Development Bank Group has approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility … Read More

Qatar Petroleum signs an exploration agreement into Mozambique

Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the … Read More

Discover Exploration Limited Farms Out Blocks 35, 36 & 37 to Tullow Oil Offshore Comoros

Discover Exploration Limited has announced that its wholly-owned subsidiary Discover Exploration Comoros B.V. has signed a binding agreement to farm out a 35% working interest in its Production Sharing Contract (PSC) covering … Read More

Anadarko Allocates $200M Towards Mozambique LNG Project

Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately $200 million toward its LNG project, pre FID (final investment decision), for its’s portion of the costs … Read More

Fast-Track PSTM Data from CGG’s Mozambique Multi-Client Survey Out

CGG has announced that the fast-track 3D seismic data from its recent Mozambique multi-client survey in the outer Zambezi Delta Basin is now available for license. Interested international oil companies … Read More

Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to … Read More