ExxonMobil completes LNG acquisition in Mozambique Area 4

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to acquire a 25% indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations. 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. to be renamed Mozambique Rovuma Venture S.p.A.), ExxonMobil announced the completion of a transaction by ExxonMobil Development Africa B.V.

Eni: new ultra-deep discovery offshore Mozambique could contain 5-7 Tcf of gas in place

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Italy-based oil and gas major Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique. In 2011, Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. Eni’s Area 4 offshore Mozambique.

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Eni announces a giant gas discovery offshore Mozambique

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Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The exploration success in Mozambique expands the leadership of Eni in Africa by opening a new eastern front of activities. The Mamba South 1 discovery well is located in water depths of 1585 meters (5,200 feet) approximately 40 km (25 miles) off Cabo Delgado coast, in the Northern offshore of Mozambique.

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Eni and Anadarko to coordinate development of gas reservoirs offshore Mozambique, jointly to develop major onshore LNG facility

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Eni and Anadarko Petroleum Corporation signed a Heads of Agreement (HOA) establishing foundational principles for the coordinated development of common natural gas reservoirs in the offshore Mozambique.

PetroSA in talks with Mozambique for GTL plant; 70% diesel output

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South African state-owned oil company PetroSA is in talks with Mozambique to develop a 40,000 barrels-per-day gas-to-liquids (GTL) plant there. Reuters. Gareth Shaw, PetroSA’s business development manager for GTL, said his company was proposing the building the plant at a cost of around $4 billion.

Forecast: global 3-wheeler market to grow at CAGR of 13% through 2019

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Underdeveloped countries in Africa like Nigeria, Tanzania, Mozambique and Egypt and their Asian counter parts like Nepal, Bangladesh, etc., The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”.

Global Gas Prices | Hybrid Sales

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Mozambique. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely.

Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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Sasol continues to advance upstream oil and gas activities in Mozambique, Nigeria, Gabon, Australia, Papua New Guinea, Canada and South Africa. South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. Sasol will embark on a feasibility study to evaluate the viability of a GTL venture in Calcasieu Parish, Louisiana, over the next 18 months.

Syrah Resources successfully produces Li-ion battery grade spherical graphite; market numbers

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Australia-based Syrah Resources has successfully produced uncoated battery grade spherical graphite, using natural flake graphite from its Balama Graphite & Vanadium Project in Mozambique. The battery market currently represents approximately 23% of global flake graphite output and is expected to be a rapidly growing sector due to lithium ion (Li-ion) battery demand (Source: Benchmark Minerals).

Eni reports important new discovery offshore Congo

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Eni has been present in Sub-Saharan Africa since the 1960s and currently participates in exploration and production projects in Angola, Congo, Ghana, Gabon, Mozambique, Nigeria, Democratic Republic of Congo, Kenya and Liberia. Eni reports making an important new exploration discovery in the Marine XII Block located approximately 17 kilometers (10.6 miles) offshore Congo.

Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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The company has eight industrial units: seven in Brazil, in the state of São Paulo (Andrade, Cruz Alta, São José, Severínia, Mandu, Tanabi and Vertente mills, the last in a joint venture with the Humus Group, which owns 50%) and one in Africa, in Mozambique (Sena mill). Brazil’s Petrobras closed two asset sales for the total sum of US$587 million.

Pancontinental says first oil discovered offshore Kenya

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Industry exploration activity has been moving north from Mozambique and Tanzania.

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