Related Articles
Outlook 2018
Forward article link
Share PDF with colleagues

Maputo's new partner

An American oil giant will take the lead in the Rovuma

It seems Mozambique's offshore gas business will get a new master in 2018: ExxonMobil. The US supermajor has already agreed terms—both with the vendor, Eni, and the Mozambican authorities—to take a joint operator stake in Area 4 of the Rovuma Basin, and the deal should close before the end of 2017. It's likely, too, that Exxon will live up to the rumours and take the operator stake in Anadarko's adjacent Area 1. Eni reached a final investment decision (FID) on a floating liquefied natural gas plant for Area 4's Coral South field last June, just after announcing Exxon's involvement. The terms of the deal leave Eni as upstream operator for the whole area, and in charge of Coral South FLNG, wh

Also in this section
LNG in Europe: The heat is on
22 June 2018
Higher power demand due to hot weather helped pushed up European LNG demand in 2017. But the sector is far from buoyant
New markets for Canada's oil remain elusive
14 June 2018
A war of words, along with legal challenges and counter-challenges, could see plans for Canada's Trans Mountain export pipeline scrapped
US powerhouse in the making
14 June 2018
The LNG building boom is just getting underway. When it's done, the US will be the largest exporter in the world