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Anadarko announces FID on Area 1 Mozambique LNG project

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6/19/2019 HOUSTON — Anadarko Petroleum Corporation and the co-venturers in Mozambique’s Offshore Area 1, today announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This official declaration of FID confirms the Area 1 Plan of Development is now effective, with notice provided to the Government of Mozambique that all conditions Read More

Anadarko approves $20 billion LNG export project in Mozambique

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LONDON (Reuters) – U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to the government of Mozambique and energy consultancy Wood Mackenzie. FILE PHOTO: The logo for Anadarko Petroleum corp. Read More

Cyclone highlights the vulnerability of operations in Mozambique

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By Borges Nhamire and Brian K. Sullivan on 6/13/2019 MAPUTO and BOSTON (Bloomberg) — Tropical Cyclone Kenneth dumped heavy rains on Mozambique, a day after becoming the second storm to hit the nation in two months. The Category 4 hurricane made landfall between 4 and 5 p.m. local time on Thursday, when the eye passed Read More

McDermott announces contract agreement for Mozambique LNG development

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6/5/2019 HOUSTON — McDermott International, Inc. has announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development. CCS JV’s project scope includes the onshore engineering, procurement and construction (EPC) for all components Read More

China ministry will issue 5G licenses for commercial use in near future: Xinhua

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FILE PHOTO: Buildings damaged during Cyclone Kenneth are seen from the air in a village north of Pemba, Mozambique, May 1, 2019. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) – International donors pledged to contribute $1.2 billion to help rebuild areas and infrastructure destroyed by cyclones Kenn Residents inspect a destroyed building after an earthquake stroked the Read More

Toshiba sells stake in Freeport LNG plant for $815 million

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By Stephen Stapczynski on 6/2/2019 SINGAPORE (Bloomberg) — Toshiba Corp. will transfer its rights to process natural gas at the Freeport LNG project in Texas to France’s Total SA, the companies said on Saturday. Toshiba will pay Total $815 million to hand over the 20-year liquefaction rights to the French major and expects to finalize Read More

Donors pledge $1.2 billion to rebuild Mozambique after cyclones: U.N.

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FILE PHOTO: Buildings damaged during Cyclone Kenneth are seen from the air in a village north of Pemba, Mozambique, May 1, 2019. REUTERS/Mike Hutchings JOHANNESBURG (Reuters) – International donors pledged to contribute $1.2 billion to help rebuild areas and infrastructure destroyed by cyclones Kenneth and Idai in Mozambique, according to the United Nations, less than Read More

Total takes on Toshiba’s U.S. LNG business after Chinese buyer pulls out

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PARIS/TOKYO (Reuters) – Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said on Saturday, weeks after attempts to sell it to a Chinese buyer fell through. FILE PHOTO: The logo of French oil giant Total is seen Read More

Tech Tent: Why is 5G data capped?

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With a flash of fireworks and a song from rapper Stormzy, the UK welcomed the arrival of its first 5G mobile network. On this week’s Tech Tent podcast, we explore the benefits this next-generation tech is supposed to bring, and ask whether people are likely to pay a premium to upgrade. Stream the latest Tech Read More

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

3 weeks ago DieselGasoil Comments Off on Zimbabwe power cuts may deepen as water levels fall at Kariba Dam
HARARE (Reuters) – Zimbabwe’s largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country. The southern African nation has endured its worst rolling power cuts in three years, Read More