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2018-10-10 07:40:00

EXXON AND ROSNEFT IN MOZAMBIQUE

EXXON AND ROSNEFT IN MOZAMBIQUE

REUTERSThe Mozambican government said on Monday it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia's Rosneft.

Mozambique's National Petroleum Institute, an energy regulator in the southern African country, said the government was preparing to sign similar agreements with South Africa's Sasol and Italy's Eni.

The agreements could lead to as much as $700 million of investment in Mozambique as the energy firms are expected to drill a minimum of 10 wells, eight in deep water and two onshore, the institute added.

The firms earlier won oil tenders as part of Mozambique's fifth licensing round in 2014.

Heavily-indebted Mozambique is hoping its oil and natural gas resources will help it recover from a debt scandal that saw it cut off from multilateral and foreign donors.

More than $30 billion is expected to be invested in Mozambique's gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas.

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Earlier:

РОСНЕФТЬ БОЛЬШЕ В 2,8 РАЗА
2018, August, 8, 11:45:00

ROSNEFT UP BY 2.8 TIMES

ROSNEFT - 2Q 2018 net income attributable to Rosneft shareholders jumped by 2.8 times QoQ and reached RUB 228 bln (USD 3.6 bln) on the back of operating income growth, FX impact and one-off gain from recognizing net income from the share acquisition in upstream JV with a foreign partner and recognition of fair value of previously held interest in JV.

 EXXONMOBIL EARNINGS $4 BLN
2018, July, 30, 13:30:00

EXXONMOBIL EARNINGS $4 BLN

EXXONMOBIL - Exxon Mobil Corporation announced estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million. During the quarter, the corporation distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, up 69 percent from the prior year, reflecting key investments in Brazil, the U.S. Permian Basin and Indonesia.

 

 U.S. - EXXON - RUSSIA SANCTIONS
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

 

 EXXON ПОКИДАЕТ РОССИЮ
2018, March, 4, 11:20:00

EXXON LEAVES RUSSIA

ROSNEFT - The decisions of ExxonMobil to abandon certain projects that fall under the legislative limitations once again imposed by the US government despite their successful development fully comply with the position of the American regulator that changed the way we collaborate on these projects.

 EXXON ENERGY OUTLOOK - 2040
2018, February, 5, 07:45:00

EXXON ENERGY OUTLOOK - 2040

EXXONMOBIL - Despite efficiency gains, global energy demand will likely increase nearly 25 percent. Nearly all growth will be in non-OECD countries (e.g. China, India), where demand will likely increase about 40 percent, or about the same amount of energy used in the Americas today.

 

 

 EXXON BOUGHT MOZAMBIQUE
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

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.

 

 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. От имени Российской Федерации мировое соглашение подписал Министр финансов Антон Силуанов.

 

 

Tags: EXXON, ROSNEFT, MOZAMBIQUE