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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, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

EXXON BOUGHT MOZAMBIQUE
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

EXXON BOUGHT MOZAMBIQUE
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

EXXON BOUGHT MOZAMBIQUE
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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