Mozambique Archives - Oil & Gas 360

Mozambique contests TotalEnergies’ $2 billion cost from LNG project delay

May 27, 2026

(Oil Price) – The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with the matter told Bloomberg on Wednesday. TotalEnergies and its partners in the $20-billion Mozambique LNG project had to suspend work and declare force majeure for several years

Exxon lifts force majeure on Rovuma LNG, clearing path for major Mozambique gas development

November 20, 2025

(World Oil)– ExxonMobil lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside, a key step toward sanctioning the development and committing construction funds. The force majeure was put in place after Islamic State-affiliated militants carried out an attack near its operations in northeastern Mozambique in 2021. Ending the force majeure will allow

TotalEnergies LNG project in Mozambique hits new financial snag

October 31, 2025

(Oil Price)– The government of Mozambique may not agree with the latest estimate for an LNG project led by TotalEnergies, which said earlier this week the price tag for the facility had gone up by $4.5 billion. The French supermajor attributed the cost increase to the four years, during which work on Mozambique LNG was suspended following a deadly attack

Eni approves $7.2 billion Coral Norte LNG project offshore Mozambique

October 3, 2025

(World Oil)– Eni SpA gave financial approval to build a $7.2 billion floating liquefied natural gas project in Mozambique that will double the nation’s production of the fuel, adding to global supply just as a wave of new production hits later this decade. The Coral Norte project off Mozambique’s northern coastline will be able to produce 3.6 million tons of

TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say

July 7, 2025

(World Oil)– Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. Firms have taken preliminary steps, including deploying resources to the project site, said two of the

Eni attracts substantial funding interest for next floating LNG plant

October 14, 2024

(World Oil) – Eni SpA has received substantial interest for its next floating liquefied natural gas project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels. Luca Vignati, director of Eni’s upstream business, said in an interview that the plant will cost about the same as its $7 billion Coral South project, inaugurated in 2022.

Total and Mozambique sign security pact for $20 billion natural gas project

August 24, 2020

Reuters MAPUTO – French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Monday. Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of

Anadarko Announces Mozambique LNG Final Investment Decision

June 18, 2019

Anadarko Announces Mozambique LNG Final Investment Decision

A Tale of Two Projects: Mozambique LNG Terminals Echo Global Risks

March 22, 2019

From Reuters Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. The two liquefied natural gas (LNG) projects, by Anadarko and Exxon Mobil, will extract, liquefy and ship gas, found in such quantities offshore Mozambique that it amounts to a

Islamist Militants Stage Deadly Attack On Anadarko Mozambique Site

February 22, 2019

From Bloomberg An attack on an Anadarko Petroleum Corp. convoy in Mozambique was one of multiple raids that took place Thursday in an area where companies plan to develop $50 billion of liquefied natural gas projects, according to two people familiar with the matter. An Anadarko contractor was beheaded in the violence, the people said, asking not to be identified because they’re

Anadarko Q2 DJ Production Averaged 261 MBOEPD

August 1, 2018

Delaware Basin jumps 88% to 62 MBOEPD Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion. Highlights Increased U.S. onshore oil volumes by 47% YOY Improved per-barrel margins by nearly 50% YOY Expanded West Texas infrastructure with

Anadarko’s Mozambique LNG Sees FID in 1H2019

June 27, 2018

Anadarko EVP Mitch Ingram said that the Mozambique LNG project appears to be in position to take FID (Final Investment Decision) in the first half of 2019. Ingram was speaking at an energy conference this week. He also noted that Anadarko has found there to be roughly $4 billion in cost savings compared to its 2016 estimates. Mozambique Area 1

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