East Africa
News
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.
News
December 25, 2020
Fighters who’ve aligned with Islamic State in August have already seized the port town of Mocimboa da Praia, about 42 kilometers south of Mute, raising the stakes in a conflict that’s killed about 2,500 people and caused 570,000 to flee their homes since it started three years ago.
News
September 22, 2020
Tullow Oil is undertaking a six-month review of the viability of its operations in Kenya after a planned sale of its stake in the project fell through.
News
September 21, 2020
For more than a month, militants have occupied a town about 60 kilometers (37 miles) south of where Total is spending $20 billion to extract natural gas from below the ocean and export it to European and Asian customers. The violence is now creeping toward Total’s Mozambique LNG project in the far northeast.
News
July 16, 2020
The amount raised, which includes a loan from the Export-Import Bank of the U.S., matches the African nation’s gross domestic product.
News
June 03, 2020
Tullow Oil’s export and testing of Kenya’s crude under a pilot plan ended June 2, as timelines for development in the East African nation slowed.
News
May 20, 2020
The Area 1 LNG project will generate about $38 billion in revenue for Mozambique’s government over its lifetime, supplemented by sales from an even bigger project led by Exxon Mobil in the neighboring Area 4 offshore block.
News
May 04, 2020
The contract includes engineering, manufacturing, integration, automation and testing of the Onshore Subsea Equipment related to the development of the Golfinho subsea assets.
News
January 23, 2020
Tullow Oil and Total have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter.
News
January 09, 2020
South Sudan's President, Salva Kir, seeks to reverse the "lack of environmental standards and guidelines" in its oil and gas activities, as the East Central African nation seeks to ramp up production.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
October 01, 2019
Benthic has secured an offshore geotechnical and geophysical contract from TechnipFMC for the Golfinho development
News
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."
News
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.
News
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.
News
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.
