Mozambique Oil & Gas: GE lands Coral FLNG contract

GENERAL ELECTRICS

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

Mozambique Oil & Gas: Sovereign fund seen as solution for gas revenues management

Fund

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: “Country must ensure that gas revenues reach the population” – World Bank rep

Gas floating platform sample

Gas floating platform sample

Clara de Sousa, director of the World Bank for Angola and Sao Tome and Principe, warned that Mozambique must ensure that revenues from new natural gas projects meet the aspirations of the population, otherwise there will be adverse results. Continue reading

Mozambique Mining: Coal now leads exports

view-of-the-plant-on-the-left-and-of-the-stocking-yard-on-the-right-credits-marcelo-coelho-vale

Coal exports reached US326 million

The value of Mozambican coal exports rose 200 percent between the first quarter of 2016 and the same period in 2017, with the product accounting for a full one-third of the value of exports, the Bank of Mozambique has announced. Continue reading

Global Mining: Coking coal price slides to 8-month low, Mozambique to benefit

coal Mocambique_release

Moatize Coal Mine, Vale Mozambique SA

The price of coking coal dropped on Monday with the industry benchmark price tracked by the Steel Index down 1.1% to $146.20 a tonne as supply returns to normal levels following tropical storms in Australia in March. Continue reading

Mozambique Oil & Gas: TechnipFMC awarded a major integrated contract for the Coral South FLNG project

fmctechnologies

Subsea Structures by FMC Technologies now merged with Technip

TechnipFMC, together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers the Engineering, Procurement, Construction, Installation, Commissioning and Start-up (EPCIC) of the Coral South FLNG facility and its associated risers and subsea flowlines system, as well as the installation of the umbilicals and subsea equipment. Continue reading

Mozambique Oil & Gas: Eni Coral FID expected yet this week

eni pic

Eni Makes Progress on Mozambique, Egypt Assets Sales Goal

Italian energy giant and LNG player Eni will reach the final investment decision on the development of the Coral gas discovery in the Rovuma Basin, offshore Mozambique.  Continue reading

Mozambique Mining: Nippon Steel & Sumitomo Metal may buy local coal

coal Mocambique_release

Moatize Coal – Tete, Mozambique

Japanese steelmaker Nippon Steel & Sumitomo Metal is analysing the purchase of coking coal from Mozambique and other countries in an effort to offset the volatility of ore prices, said the group’s executive vice president. Continue reading

Mozambique Oil & Gas: AfDB supports Government in gas contracts negotiation

Oil off-shore_platform

Offshore Gas platform

African Development Bank (AfDB) technicians on Monday began a training course aimed at managers of public institutions in Mozambique focused on planning and negotiation of gas production and distribution contracts. Continue reading