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. MORE

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. MORE

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). MORE

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. MORE

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

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. MORE

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. MORE

Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. In Mozambique, ExxonMobil acquired a 25% indirect interest in Area 4, which contains an estimated 85 trillion gross cubic feet of natural gas in-place. Exxon Mobil Corporation added 2.7 MORE

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. MORE

Eni announced that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the Company on 20 October. Earlier post.). During deepening of the well, it encountered a new separated pool that contains a potential of up to 7.5 Tcf of gas in place in clean sands from the Eocene age. The new sequence has about 90m of gross gas pay and has also been successfully cored. MORE

The project, situated in the Cabo Delgado province of northern Mozambique, some 200 km (124 miles) west of the port town of Pemba, has the potential to become the largest in the world with plans to increase capacity to 350 ktpy in the future (around 60% of current global flake production). MORE

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. MORE

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. MORE

miles) was set on a Statoil project in Tanzania, and was beaten with two deployments to 2,776 meters (9,108 feet) a few weeks later on the Anadarko project off the coast of Mozambique. MORE

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”. MORE

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. MORE