The future of the $60-billion project is now in doubt. The French Energy company Total withdrew all its personnel from its Afungi liquid natural gas (LNG) facility near Palma, on Continue Reading
The Mozambican army has been battling insurgents since 2017. Total on Friday abandoned its installations on Afungi peninsula. All Total staff have been withdrawn, unlike the closure on 1 January Continue Reading
A US$20-billion liquefied natural gas (LNG) project led by France’s Total in Mozambique is beyond the reach of Islamic state-aligned insurgents who started last week a coordinated attack near the Continue Reading
“The remobilization of the project that was envisaged at the beginning of the week is obviously now suspended,” Total said In a statement Saturday (27 Mar) “Total has decided to Continue Reading
Frelimo bet the country on gas – and has just lost the bet. The Frelimo leadership was dazzled by the gas, and believed Mozambique would be like Abu Dhabi, Qatar, Continue Reading
Fighting continues in the Cabo Delgado town of Palma and concerns are growing that Mozambique may never be able to pacify the area enough to enable the return of Total Continue Reading
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a Continue Reading
With more than a week of fierce fighting including beheaded bodies in the streets, the battle for the northern Mozambique town of Palma has highlighted the southern Africa country’s insurgency Continue Reading
Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector Continue Reading
Southbound and northbound traffic on the Suez Canal has recommenced a day after the stricken Ever Given container ship was freed, market sources said March 30. Not registered? Receive daily Continue Reading
