India’s Videocon Industries plans a $2.5-billion investment in Brazilian oilfields.
The company, which makes consumer electronics, has been seeking to expand its…
READ MOREGas reserves5.1 tcm
Gas production6 bcm
Mozambique’s oil and gas industry has greatly grown in significance with the discovery of major offshore gas plays beginning in 2010. Continued finds and investment have fast tracked the nation towards its potential of being the third-largest global LNG supplier, with operators TotalEnergies, Eni and ExxonMobil leading the charge through massive development of upstream and associated facilities. Mozambique traditionally only produced gas from its onshore plays operated by South Africa’s Sasol. The country produces no oil and is reliant on imports.
The African nation has worked hard to streamline policies and break down bottlenecks in meeting its immense capacity potential. However, security issues and economic factors have largely held back massive development, with many projects put on hold. Government involvement in hydrocarbons operations is done through local NOC Empresa Nacional de Hidrocarbonetos, which is a necessary stakeholder in all oil and gas operations. Upstream E&P concessions are handed out and overseen by state-body National Petroleum Institute, which has been active in carrying out seismic studies to expand the country’s investment potential.
“LNG offers a huge economic, but arguably more importantly a development opportunity, for Mozambique. The Rovuma Basin alone has the capacity to boost Mozambican GDP by up to USD 18 billion per annum.” Managing Associate Nuno Manshilha and Trainee Lawyer Miguel Couto at CMS Portugal told The Energy Year.
“The projects offer the potential to create over 300,000 employment opportunities alone, and in order to meet the mega-project’s needs, Mozambique will have to improve their water, road and electricity infrastructures, adding to the development benefits of these types of projects.”
Galp Energia has confirmed more than 10 billion barrels of oil equivalent at the Mopane discovery offshore Namibia.
READ MOREThe ExxonMobil-led Rovuma LNG project in Mozambique has taken a step forward with a bid process for subsea works.
READ MOREChina's CNOOC has entered Mozambique with the award of five offshore exploration blocks.
READ MOREMozambique tripled its income from LNG sales to USD 1.7 billion in 2023.
READ MOREExxonMobil has launched a tender for EPC services for camp construction at the Rovuma LNG project in Mozambique.
READ MOREJanice Faria of Enagol talks about the company’s involvement in Angola’s upstream sector.
READ MOREIndia’s Videocon Industries plans a $2.5-billion investment in Brazilian oilfields.
The company, which makes consumer electronics, has been seeking to expand its…
READ MOREAnadarko Petroleum is holding talks with Japanese companies Jera and Toho Gas for long-term sales of its Mozambique LNG Project supply.
The US company had sales…
READ MOREUsama Barwani, CEO of Petrogas E&P, talks to TOGY about the advantages of being a non-publicly listed company and evaluates Oman’s offshore potential. Omani upstream…
READ MOREAustralian oil and gas exploration company Beach Energy reported in a press release on Wednesday that Woodside Energy will not continue their joint venture exploration…
READ MOREAnadarko Petroleum has announced the contractors for its onshore LNG development in Mozambique. According to a statement on the company’s website, a joint venture of…
READ MOREMozambique’s fifth oil and gas bid round has been delayed until July 30, the country’s National Petroleum Institute announced on Thursday.
The originally closing…
READ MOREWith a bustling economy and proximity to other dynamic markets, Dar es Salaam is increasingly becoming an attractive alternative to Kenya’s Nairobi as a business…
READ MOREThe Africa Oil Corporation and partner Tullow Oil are looking for a farm in for their Blocks 13T and 10 BB in northern Kenya’s South Lokichar Basin, Tullow announced…
READ MOREDuring an official visit to Angola last week, Tanzanian President Jakaya Kikwete announced the beginning of bi-lateral co-operation between the two nations across the…
READ MOREIn November 2012, Mozambican oil company Oilmoz – Investimentos e Participações announced it had secured financing for an amount of $12 billion through a sovereign…
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