Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
Investors opened the week with sweaty palms. Asian share markets started cautiously on Monday, held back by oil swings and a looming wave of company results that could test sky-high technology valuations. Why the mood is cautious Trade was thin, with Japan’s markets shut and the US on a partial holiday, ahead of earnings season […]
The African Petroleum Producers Organisation (APPO), Tuesday, agreed to relocate the headquarters of the organization from Nigeria to Brazzaville, Republic of Congo. The Council of Ministers approved the recommendation to move the temporary Headquarters of the Organization from Abuja, Nigeria to the permanent Headquarters in Brazzaville, Republic of Congo. It also approved the new Host […]
Tullow Kenya, together with its Joint Venture Partners, Total and Africa Oil has announced the expiry of the Early Oil Pilot Scheme (EOPS) contract, after running for two years. In a statement, the UK oil firm and partners sad the IEOPS has served its purpose as a pilot project by providing critical technical data, logistical […]