(World Oil) – Eni SpA has received substantial interest for its next floating liquefied natural gas project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels. Luca Vignati, director of Eni’s upstream business, said in an interview that the plant will cost about the same as its $7 billion Coral South project, inaugurated in 2022.
Reuters MAPUTO – French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Monday. Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of
Anadarko Announces Mozambique LNG Final Investment Decision
From Reuters Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. The two liquefied natural gas (LNG) projects, by Anadarko and Exxon Mobil, will extract, liquefy and ship gas, found in such quantities offshore Mozambique that it amounts to a
From Bloomberg An attack on an Anadarko Petroleum Corp. convoy in Mozambique was one of multiple raids that took place Thursday in an area where companies plan to develop $50 billion of liquefied natural gas projects, according to two people familiar with the matter. An Anadarko contractor was beheaded in the violence, the people said, asking not to be identified because they’re
Delaware Basin jumps 88% to 62 MBOEPD Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion. Highlights Increased U.S. onshore oil volumes by 47% YOY Improved per-barrel margins by nearly 50% YOY Expanded West Texas infrastructure with
Anadarko EVP Mitch Ingram said that the Mozambique LNG project appears to be in position to take FID (Final Investment Decision) in the first half of 2019. Ingram was speaking at an energy conference this week. He also noted that Anadarko has found there to be roughly $4 billion in cost savings compared to its 2016 estimates. Mozambique Area 1
ExxonMobil acquires a 25% stake in Eni’s Mozambique offshore project ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. Eni currently holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns
Targeting production of 24 Tcf of natural gas, Anadarko and other project concessionaires agree on operating natural gas fields offshore Mozambique Anadarko Petroleum Corp. (ticker: APC) announced today that it reached an agreement with concessionaires in its Offshore Area 1 Mozambique natural gas field, as well as the concessionaires of Offshore Area 4, operated by Eni’s (ticker: E) East Africa
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
