LNG from East Africa – how the odds are stacked
Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet (TCF) and Tanzania potentially as much as 50 … Read More
Tag: Rovuma basin
Wentworth Resources commences drilling at Mozambique’s Tembo-1 well
[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced that drilling operations have commenced on the Tembo-1 well in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.59 percent net interest in this … 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
Smaller firms will lead East Africa’s oil and gas development
Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins … 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
Comoros ratifies Discover exploration production sharing agreement
Discover, the privately owned, geology-led, oil and gas exploration company specialized in deep water petroleum systems, has announce the ratification of its Production Sharing Contract covering offshore blocks 35, 36 … Read More
East Africa: the newest LNG frontier
Story by LNG With extraordinary discoveries of natural gas in the Rovuma Basin, East Africa is emerging as a new LNG frontier. The International Energy Agency (IEA) estimates that Africa … Read More
