January 18, 2021
Mozambique has struggled to contain an insurgency that has left more than 2,500 people dead and caused 570,000 to flee. The violence this year prompted Total SE to evacuate workers from its $20 billion liquefied natural gas project as attacks encroached on what is Africa’s biggest private investment.
January 12, 2021
Insurgents who’ve aligned with Islamic State have since 2017 staged increasingly bold attacks in Mozambique’s Cabo Delgado province that borders southern Tanzania, threatening nearly $60 billion in LNG projects.
November 27, 2019
Total SA’s giant Mozambique gas project will get a $400 million loan from the African Development Bank, adding to its list of backers as the East African nation works to establish a fuel-export industry.
October 22, 2019
Uganda has some of the biggest oil reserves in sub-Saharan Africa – 6 Bbbl – of which it has estimated 1.4 billion are recoverable. It canceled a plan in 2016 to jointly develop an export pipeline to Kenya’s coast in favor of a southern route through Tanzania.
October 11, 2019
Eager to demonstrate to the world that Somalia is open for business, the minister said the country is currently on an international roadshow which will showcase the exploration opportunities available in its hydrocarbons sector.
October 10, 2019
Exxon Mobil awarded contracts worth about $13 billion to three companies including JGC Holdings Corp. to build a giant liquefied natural gas plant in northern Mozambique, the country’s oil and gas regulator said.
October 08, 2019
Exxon Mobil Corp. awarded a JGC Corp.-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa.
October 07, 2019
Mozambique’s government said Exxon Mobil will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build -- the biggest ever in Africa.
September 30, 2019
“Mozambique LNG is one of a kind asset that perfectly fits with our strategy and expands our position in liquefied natural gas”, said Patrick Pouyanné, chairman & CEO of Total. “As the new operator, we are fully committed to the project."
September 17, 2019
Uganda is pressing the developers of its oil fields to commit to making a final investment decision this year, anxious to ensure that a failed plan by Tullow Oil to sell a stake in the project doesn’t stymie progress.
September 04, 2019
Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil’s oil fields in Uganda.
August 29, 2019
The termination of this transaction is a result of being unable to agree all aspects of the tax treatment of the transaction with the government of Uganda, which was a condition to completing the sale and purchase agreements.
August 27, 2019
Total and Qatar Petroleum have signed agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya.
August 19, 2019
“I would like to reaffirm the importance of Mozambique LNG for Total, where we will become the operator,” Patrick Pouyanné, Chief Executive Officer of the Paris-based oil major said Friday. “This is a unique asset which perfectly fits our strategy and our skills."
Several months ahead of schedule, Shell Offshore Inc., a Royal Dutch Shell subsidiary—alongside partner CNOOC Petroleum Offshore SA, Inc., a subsidiary of CNOOC Limited—has begun producing at its Appomattox floating production system.
Ashtead Technology has completed a subsea installation monitoring project for Subsea7 in support of Equinor’s Utgard development, in Blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.
May 17, 2017
Africa Oil Corp. has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 m of net oil pay in two zones.
March 22, 2017
Mozambique said Exxon Mobil Corp.’s acquisition of a 25% stake in an offshore gas block from Eni SpA will generate capital gains revenue of $350 million.
March 17, 2017
CNOOC Uganda Limited has notified Tullow that it has exercised its pre-emption rights under the joint operating agreements between Tullow, Total and CNOOC to acquire 50% of the interests being transferred to Total on the same terms and conditions that were agreed between Tullow and Total.