Mozambique Mining: Gemfields shares collapse on imminent delisting

gemfields-shares-collapse-on-imminent-delisting.pngShares in Gemfields (LON:GEM) got hammered Tuesday after Pallinghurst Resources, the firm largest shareholder, revealed it has secured support to push ahead with its plans to de-list the emerald and ruby miner. Continue reading

Global Oil & Gas: China invests $7 billion in floating LNG in Africa

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China invests in Africa FLNG

It is still an emerging technology, but China is hoping to seize the lead in floating LNG terminals. To that end, it reportedly is planning investments of $7 billion in floating LNG in Africa. Continue reading

Global Oil & Gas: Thailand’s PTT forms global LNG trading unit

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PTTEP has opened its office in Mozambique Maputo capital city.

Thailand’s state-owned PTT which is also Anadarko’s partner in the Area 1 block in the Rovuma gas basin offshore Mozambique has launched a global liquefied natural gas (LNG) trading and marketing arm. Continue reading

Mozambique Oil & Gas: GE lands Coral FLNG contract

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Image courtesy of GE

Italian Eni has awarded US-based GE Oil & Gas two five-year contracts for subsea production systems, equipment and services for the Coral South floating LNG project offshore Mozambique, GE said June 27. Continue reading

Mozambique Oil & Gas: Sasol to sink additional wells in Pande

sasol-hi-res-logoSasol Petroleum is moving ahead to implement a project which will sink additional wells in the Pande natural gas field in Inhambane province, maintaining the supply of the resource to its Central Processing Unit. Continue reading

Africa Mining: SA Deputy President urges return to drawing board as legal battle brews

Deputy President Cyril Ramaphosa

Deputy President A on returning to the Mining Charter drawing board. Camera Work and Editing: Darlene Creamer 20.6.2017 (source: Miningweekly)

South Africa’s Chamber of Mines is preparing legal action in a bid to ban the implementation of the country’s new mining charter that has shocked the industry.
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Mozambique Oil & Gas: Sovereign fund seen as solution for gas revenues management

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Investiment Fund (illustration)

Consulting firm Capital Economics says Mozambique should create a sovereign fund to manage the gas revenues and fund infrastructure to diversify the economy, analyst John Asbourne said to Lusa news agency. Continue reading

Mozambique Oil & Gas: Government approves Rovuma Basin LNG maritime terminal concession

 

Ophir Energy O19754104913_d8927e1d1e_oThe Council of Ministers yesterday approved decrees authorizing the terms and conditions of the agreement that grants to the multinationals Anadarko and Eni the Maritime Liquefied Natural Gas Terminal and the installation of Material Discharge in Areas 1 and 4 of the Rovuma Basin, district of Palma, province of Cabo Delgado. Continue reading

Mozambique Mining: Montepuez Ruby Mining reports US$58.8Mi in revenues from rubies auction in Singapore

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Rubies in Montepuez, north Mozambique

A new auction of rubies mined in Mozambique held in Singapore allowed Montepuez Ruby Mining, Lda to obtain revenues of US$54.8 million, said the company, which is a partnership that is 75% owned by Gemfields and the remaining 25% by Mozambique’s Mwiriti. Lda. Continue reading

Africa Oil & Gas: FAR files for arbitration over Senegal

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Cairn Energy operates these 3 offshore Senegal blocks (Map credit: Cairn)

Australian independent FAR Limited has filed for arbitration in its dispute over ConocoPhillips’ sale to Woodside. The company said June 20 it has made a request to the International Chamber of Commerce in Paris to commence arbitration proceedings to resolve the current Joint Operating Agreement dispute regarding FAR’s right to pre-empt the sale of ConocoPhillips’ interest in the Rufisque, Sangomar and Sangomar Deep joint venture offshore Senegal.

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