Mozambique Oil & Gas: Anadarko, Eni sign maritime terminal concession contracts in Maputo

LNG Maritime Concessions signed

From Left to Right: Anadarko Country Manager, John Bretz, Mineral Resources Minister Leticia Klemens and Fabio Castiglion – Eni Country Manager (image courtesy of Anadarko)

US-based group Anadarko Petroleum and Italian ENI have signed with the Mozambican government on Thursday the maritime concessions contracts for the construction of the LNG maritime terminal and facilities for materials discharge on the Afungi peninsula, according to the press Mozambican. Continue reading

Mozambique Oil & Gas: Anadarko to design, build marine facilities for LNG project in Mozambique

 

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Anadarko drillship offshore Rovuma basin

HOUSTON — Anadarko Petroleum Corporation announced that it had finalized two agreements with the Government of Mozambique—together known as the “marine concessions”—which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements.

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Global Oil & Gas: Anadarko becomes first U.S. oil producer to slash 2017 capex

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Anadarko spends $2bn on Freeport MacMoRan deepwater assets

U.S. oil producer Anadarko Petroleum Corp (APC.N) posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices CLc1, the first major U.S. oil producer to do so as reported by Reuters.

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Africa Oil & Gas: Qatar LNG expansion plans, a collateral damage to East African gas projects

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Image courtesy of BP

Qatar plans for LNG capacity expansion could be bad news for projects in east Africa operated by Eni, Anadarko, Shell and Statoil that have yet to take final investment decisions (the Eni-led Coral floating LNG project offshore Mozambique announced its FID on June 1 – BP is the venture’s off-taker). However, such pending projects could be saved if an Asian buyer saw them as a way of weakening Qatar or simply of diversifying away from Qatar.

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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 Oil & Gas: Anadarko gas project is well under way, President of Mozambique says

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Anadarko gas project well underway

USA, 16th June – Mozambican President Filipe Nyusi has said he hopes that by the end of the year, decisions will be made for the US oil company Anadarko to launch the natural gas exploration project in the Rovuma Basin in the north of the country. Continue reading

Africa Oil & Gas: Is Mozambique Africa’s Qatar Of Natural Gas?

Oil and Gas

Illustrative image

Mozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal planning have put Maputo behind in becoming Africa’s Qatar. Continue reading