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Mozambique moves closer to becoming LNG producer

By: Bloomberg     13th July 2018 Mozambique moved a few steps closer to becoming a player on the fast-growing global market for liquefied natural gas, eight years after the first major deep-water discovery there. The development of hydrocarbon resources is crucial for the southern African country, which has struggled this year... 

Centrica, Tokyo Gas join Anadarko's Mozambique LNG project as buyers

By: Reuters     15th June 2018 Britain's Centrica and Japan's Tokyo Gas have signed a non-binding agreement to buy liquefied natural gas (LNG) from Anadarko Petroleum's Mozambique acreage, a deal that will help the US company reach a final decision on the project. Centrica and Tokyo Gas will buy 2.6-million tonnes of LNG per... 

US embassy warns citizens to consider leaving district in north Mozambique

By: Reuters     12th June 2018 The US embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded ten people and killed seven others since May. Any sign of militant activity is a concern for the... 

Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

By: Reuters     9th March 2018 Royal Dutch Shell and US private equity firm Blackstone Group are working on a joint $10-billion bid for BHP Billiton's US shale assets, Sky News said on Thursday. Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its US shale operations, Sky... 

BHP is said to mull shale split to speed $10bn sale

By: Bloomberg     1st February 2018 BHP Billiton, seeking to accelerate the sale of its US shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian Basin, according to people with knowledge of the producer’s plans. The world’s biggest miner continues to favour a sale of the... 

Report identifies key areas for growth in Africa

By: Robyn Wilkinson     5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. 

Singer's BHP gambit shines light on little-known oil giant

By: Bloomberg     11th April 2017 The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell, Anadarko Petroleum, Pioneer Natural Resources. And, on signs fronting a barbed-wire fence, BHP Billiton. For the world’s largest... 

Freeport reports weaker Q3 results, lowers sales guidance

By: Henry Lazenby     25th October 2016 The world’s largest publicly traded copper producer Freeport-McMoRan on Tuesday announced third-quarter results weaker that analyst predictions, saying it now also expects to sell less copper, gold and molybdenum in 2016. Phoenix-based Freeport now expects to sell about 4.8-billion pounds of... 

Freeport’s $2bn Anadarko sale said to face lender snag

By: Bloomberg     28th September 2016 Freeport-McMoRan’s bondholders are creating a potential obstacle for a $2-billion asset sale designed to inject cash into the debt-laden commodities producer, according to people with knowledge of the matter. Some of the creditors want more money and greater protection for  allowing the sale of... 

Lundin gets another extension on right of first refusal to Freeport’s Tenke Fungurume

By: Henry Lazenby     15th September 2016 Diversified Canadian base metals miner Lundin Mining got a two-week extension to its right of first refusal on US diversified miner Freeport McMoRan’s (FCX’s) 70% indirect interest in TF Holdings, which holds 80% of the world-class Tenke Fungurume copper/cobalt mine, in the Democratic Republic of... 

Anadarko to buy Freeport’s deepwater Gulf of Mexico assets for $2bn

By: Henry Lazenby     13th September 2016 Anadarko Petroleum said Monday after market close that it would buy deepwater Gulf of Mexico assets from Freeport McMoRan for $2-billion. It will pay for the acquisition through a new stock offering of 40.54-million shares, including an overallotment option, which is valued at $2.34-billion at... 

Multimillion Rand Africa Projects Offer Huge Potential For SA Stainless Steel Supply

5th August 2016 Strategic trips by the Southern Africa Stainless Steel Development Association (sassda) to Tanzania, Senegal and Mozambique as part of the dti’s Export Marketing and Investment Assistance Scheme (EMIA) have yielded a number of exciting, ‘new market’ opportunities for local companies wishing to... 

Exxon said to join Qatar to look at giant Africa gas deal

By: Bloomberg     7th July 2016 Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural-gas discoveries in a generation, according to four people with knowledge of their plans. The companies are considering buying stakes in gas fields owned by Anadarko... 

Moz gas finds to catalyse infrastructure, economic development

By: Natalie Greve     3rd June 2015 The anticipated deployment of gas monetisation strategies in Mozambique, which will include liquefied natural gas (LNG) export terminals, gas-to-power projects and petrochemical plants, have the potential to unlock the country's vast natural gas production capability, drive the development of... 

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