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2017-12-18 12:10:00

EXXON BOUGHT MOZAMBIQUE

EXXON BOUGHT MOZAMBIQUE

 

PENNENERGY - ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique's gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to lead the Coral floating LNG project and all upstream operations. The operating model will enable the use of best practices and skills with each company focusing on distinct and clearly defined scopes while preserving the benefits of an integrated project.

Natural gas is projected to be the world's fastest-growing major fuel source, and Mozambique is well-positioned to supply LNG customers around the world. The deepwater Area 4 block contains an estimated 85 trillion cubic feet of natural gas in place.

ExxonMobil now owns a 35.7 percent interest in Eni East Africa S.p.A. (to be renamed Mozambique Rovuma Venture S.p.A.), which holds a 70 percent interest in Area 4, and is co-owned with Eni (35.7 percent) and CNPC (28.6 percent). The remaining interests in Area 4 are held by Empresa Nacional de Hidrocarbonetos E.P. (10 percent), Kogas (10 percent) and Galp Energia (10 percent).

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Earlier:

 EXXON MOBIL:

 

 

 

 

MOZAMBIQUE:

 EXXON INCREASES COMPETITIVENESS
2017, November, 13, 10:20:00

EXXON INCREASES COMPETITIVENESS

The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, and it’s closing in on the 4-mile mark.

 

        MOZAMBIQUE'S HUGE GAS
2016, August, 1, 18:50:00

MOZAMBIQUE'S HUGE GAS

Mozambique made one of the world's biggest gas finds in a decade in 2010 but negotiations with operators Eni and U.S. firm Anadarko have dragged on for years due to disputes over terms and concerns about falling energy prices.

 

 

 EXXON EARNINGS $11.3 BLN
2017, October, 30, 11:30:00

EXXON EARNINGS $11.3 BLN

Exxon Mobil Corporation announced estimated third quarter 2017 earnings of $4 billion, or $0.93 per diluted share, compared with $2.7 billion a year earlier as commodity prices improved and performance in the Upstream and Downstream strengthened. Impacts related to Hurricane Harvey reduced earnings by an estimated 4 cents per share.

 

        CHINA - MOZAMBIQUE COOPERATION
2016, May, 24, 19:30:00

CHINA - MOZAMBIQUE COOPERATION

CNPC and Mozambique’s national oil and gas company ENH have signed a cooperation framework agreement under which the two sides will reinforce cooperation in oil and gas exploration and production, and natural gas processing and marketing.

 

 

 EXXON И РОССИЯ СОГЛАСИЛИСЬ
2017, September, 15, 08:35:00

EXXON И РОССИЯ СОГЛАСИЛИСЬ

12 сентября было подписано мировое соглашение между Россией и компанией ExxonMobil в рамках судебного разбирательства по иску о взыскании денежных средств по соглашению о разделе продукции по проекту "Сахалин-1". Стороны достигли взаимовыгодного компромисса. 

 

 

        ASIA NEED MOZAMBIQUE
2014, October, 31, 13:55:00

ASIA NEED MOZAMBIQUE

Asian buyers line up for Mozambican LNG with new deals

 

 

 

 

 EXXON CUTS PRICES
2017, September, 11, 12:15:00

EXXON CUTS PRICES

India has won a big price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in a rare contract renegotiation, a bad sign for global producers in a heavily oversupplied market.

 

        MOZAMBIQUE: NEW PLANT
2014, July, 4, 17:10:00

MOZAMBIQUE: NEW PLANT

Sasol, Eni plan Mozambique gas study

 

 

 

 EXXON EARNINGS $3.35 BLN
2017, July, 31, 14:15:00

EXXON EARNINGS $3.35 BLN

Exxon Mobil Corporation announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved.

 

 

        MOZAMBIQUE: UPENDING  NIGERIA
2014, April, 7, 20:04:00

MOZAMBIQUE: UPENDING NIGERIA

Progress on Mozambique LNG piles more pressure on Nigeria

 

 

 

 EXXON LEAVES INDONESIA
2017, July, 21, 08:45:00

EXXON LEAVES INDONESIA

ExxonMobil Corp. has decided to walk away from development of the East Natuna natural gas permit in Indonesia saying it no longer wishes to continue discussions or activity in the block.

 

 

        TO BUY MOZAMBIQUE
2014, April, 6, 17:05:00

TO BUY MOZAMBIQUE

ONGC Videsh Ltd plans to raise $500-700 million to fund Mozambique acquisition

 

 

 

 QATAR - EXXON COOPERATION
2017, June, 26, 23:30:00

QATAR - EXXON COOPERATION

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on Monday cut ties with Qatar, accusing the country of supporting extremism. Qatar denies the allegations.

 

         

 

 

Tags: EXXON, ENI, MOZAMBIQUE

Chronicle:

EXXON BOUGHT MOZAMBIQUE
2018, April, 23, 14:25:00

U.S. SHALE OIL UP

FT - US shale oil companies have started to generate free cash thanks to the rise in crude prices, a landmark moment for an industry that has until now relied on an inflow of capital to support its growth.

EXXON BOUGHT MOZAMBIQUE
2018, April, 23, 14:20:00

WBG WANT COUNTRIES

WBG - Bank Group must strengthen its financial capacity to meet the aspirations of its shareholders, mobilize capital at scale, and respond to global development challenges.

EXXON BOUGHT MOZAMBIQUE
2018, April, 23, 14:15:00

IMF WANTS AFRICA

IMF - we agreed on the need to accelerate structural reforms and access to finance in order to raise overall investment and medium-term growth rates to support job creation. The Fund, through its policy advice, can assist countries to design and implement growth-friendly fiscal adjustment, when needed, that responds to the country-specific sources of debt vulnerabilities while preserving needed investments in infrastructure, human capital, and other priority expenditures

EXXON BOUGHT MOZAMBIQUE
2018, April, 23, 14:10:00

IMF'S CORRUPTION

IMF - Directors also agreed that the Fund should continue to address governance issues and corruption in surveillance when the applicable standard of the Integrated Surveillance Decision has been met.

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