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. Preliminary estimates show that the Agulha structure could contain 5 to 7 Trillion cubic feet of gas in place.

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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.

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. The two companies also agreed jointly to plan and to construct common onshore LNG liquefaction facilities in the Cabo Delgado Province of northern Mozambique with an eventual capacity of 50 million tonnes per year.

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.

Eni increases the giant Mamba South gas discovery in Mozambique by 50%

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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.

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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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

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Chevron to acquire Anadarko in $33B deal; shale and tight, deepwater, LNG

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LNG – Chevron will gain another world-class resource base in Mozambique to support growing LNG demand. Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.

2019 69

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil reported strong performance from its low-cost liquefied natural gas (LNG) operations in Papua New Guinea, and the company continues to work with the governments in Papua New Guinea and Mozambique to advance new projects to support long-term demand growth. ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases.

2020 69

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).

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Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

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However, owing to the widespread closures in South Africa, most shipments are now having to be diverted to other neighboring ports such as Maputo in Mozambique or Dar es Salaam in Tanzania. As COVID-19 continues to spread worldwide, the pandemic is having an unprecedented impact on the global economy and commodity markets, including cobalt.

2020 83

ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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In Mozambique, ExxonMobil secured offtake commitments for the Rovuma LNG project as it progresses toward a final investment decision. ExxonMobil is progressing growth plans to increase its earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods said during the company’s annual meeting today.

2019 71

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.

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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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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).

2018 75

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. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand.

2010 78

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”.

2014 81

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.

2016 60

Pancontinental says first oil discovered offshore Kenya

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Industry exploration activity has been moving north from Mozambique and Tanzania. Australia-based Pancontinental Oil and Gas NL says it has verified that its recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column—the first such discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column of 29.6m in a reefal limestone reservoir in the Sunbird Miocene Pinnacle Reef in area L10A.

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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.