Exxon Mobil said on Wednesday it signed an agreement with the government of Gabon to explore for oil and gas off the coast of the central African country.The memorandum of understanding, a non-binding agreement, marks an expansion of the top U.S. oil major's activities in Africa. The company has operations in Nigeria, Angola and Mozambique, though it made a decision in 2022 to exit Equatorial Guinea…
Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp's Mopane discovery in Namibia, four sources told Reuters.Oil companies have flocked to Namibia, which has no hydrocarbon production…
TotalEnergies reported a 2.4% drop in third-quarter earnings on Thursday, meeting expectations as the French oil major raised upstream production and achieved improved crude refining margins to help offset lower oil prices.Adjusted net income slipped to $4…
TotalEnergies has told Mozambique that the costs of its liquefied natural gas (LNG) project in the country have risen by $4.5 billion in the four years it was on hold, and it wants its production agreement extended by a decade, a letter from its chief executive showed…
Eni and its partners China National Petroleum Corporation (CNPH), Empresa Nacional de Hidrocarbonetos (ENH), Korea Gas Corporation (KOGAS) and XRG have reached the Final Investment Decision (FID) to develop the Coral North deepwater FLNG project…
Mozambique President Daniel Chapo said on Thursday that the conditions have been met for French energy company TotalEnergies to lift force majeure on its $20 billion liquefied natural gas (LNG) project in the Southern African country.TotalEnergies…
Italian energy group Eni is expected to agree a final investment decision for Mozambique's second floating liquefied natural gas (LNG) platform at an event in the capital Maputo on Thursday, two sources familiar with the matter told Reuters…
Oil and gas firm Tullow Oil has appointed Ian Perks as its new Chief Executive Officer (CEO).Perks will take up the role of CEO and join the Board on September 15, 2025. Following the appointment, Richard Miller, who is currently Chief Financial Officer (CFO) and Interim CEO…
Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday.The latest…
Samsung Heavy Industries has secured orders for six LNG carriers from two shipowners from Oceania.The vessels, two for one owner, four for the other, are expected to be delivered starting November 2028.Business Korea reports that Samsung Heavy Industries has secured orders for seven LNG carriers…
Italy's Saipem is confident that a $20-billion liquefied natural gas project in Mozambique for TotalEnergies TTEF.PA will restart by the end of the summer, the CEO of the energy contractor said on Thursday.Covered by force majeure since 2021 following insurgent attacks…
Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20 billion liquefied natural gas project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday.TotalEnergies…
Technip Energies has secured a large contract to perform ‘preliminary activities’ for a Floating Liquefied Natural Gas (FLNG) unit in Africa.The contract, valued between $290 million and $584 million, will be effective until September 30, 2025…
Versalis, Eni’s chemical company, has set out plans to transfer its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions.As of July 1, 2025, Eni has consolidated Versalis’ position in the oilfield services…
TotalEnergies expects its $20-billion Mozambique liquefied natural gas (LNG) project to resume development 'this summer', Chief Executive Patrick Pouyanne said on Wednesday.He was asked about the timing during a session at the Japan Energy Summit in Tokyo…
