ExxonMobil Stresses Security as Key to Mozambique LNG Project in Cabo Delgado

ExxonMobil Says Mozambique LNG Project Could Begin by 2030 if Cabo Delgado Security Improves US energy giant ExxonMobil has reaffirmed that security remains the decisive factor for advancing its multi-billion-dollar LNG project in Cabo Delgado, northern Mozambique. The company is leading the construction and future operation of natural gas liquefaction and related facilities for Area 4, one of the Rovuma Basin’s largest offshore blocks. The project is operated by Mozambique Rovuma Venture (MRV), a joint

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ExxonMobil Ties Mozambique LNG Project to Cabo Delgado Security Improvements

ExxonMobil Confirms Mozambique LNG Production Could Begin by 2030 if Cabo Delgado Security Improves ExxonMobil’s general manager in Mozambique, Arne Gibbs, has said that the company’s gas project in Cabo Delgado will only move forward if the security situation in the province continues to improve. The region, rich in natural gas reserves, has faced terrorist attacks since 2017. Speaking at the 10th Mozambique Gas and Energy Summit and Exhibition in Maputo, Gibbs stressed that “the

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Mozambique to Launch $7.2 Billion Coral Norte LNG Project in October

Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.

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Angola Faces Declining Oil Outlook Through 2032 Without New Discoveries

Angola Oil Outlook Negative Until 2032 as Production Falls and New Reserves Needed Angola’s oil sector faces a “very negative” outlook until at least 2032, with stabilization in production only possible through the discovery of new reserves, according to the Economic Report for the First Quarter of 2025 by the Economic Research Center of Lusiada University of Angola (CINVESTEC). The study warns that oil production will continue to decline over the next seven years unless

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Angola Inaugurates Bailundo Solar Plant and Expands Rural Electrification in Huambo

Angola Boosts Clean Energy with Bailundo Solar Plant Inauguration and New Electrification Projects in Huambo Angola’s Minister of Energy and Water, João Baptista Borges, arrived in Huambo Province on Wednesday to inaugurate the Bailundo photovoltaic plant, oversee the electrification of Chicala Choloanga, and witness the signing of consignment documents for new rural electrification projects across several municipalities. According to a statement from the provincial government, Minister Borges was welcomed at Albano Machado Airport by Governor

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Angola Projects $72 Billion in Oil Investments Between 2025 and 2029

Angola Secures $72 Billion in Oil Concession Investments to Boost Production and Drive Energy Transition by 2029 Angola expects to attract $72 billion in investments for oil concessions already awarded between 2025 and 2029, according to Minister of Mineral Resources, Oil and Gas Diamantino Azevedo. Speaking at the opening of the Angola Oil & Gas 2025 Conference in Luanda, Azevedo noted that Angola received $84 billion in investments between 2017 and 2024 across active concessions

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Soyo Gas Treatment Center to Receive First Angola LNG Shipment in November

Angola’s New Soyo Gas Treatment Center Set to Begin Operations with First LNG Shipment by November 2025 The Gas Treatment Center under construction in Soyo, Zaire province, is scheduled to receive its first shipment of natural gas from Angola LNG in November, according to the National Agency for Petroleum, Gas and Biofuels (ANPG). ANPG stated that construction has been advancing “at full steam” since it began in October 2023. A recent inspection led by block

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Angola’s Oil Production Falls Below Targets in August Despite LNG Gains

Angola Oil Output Drops Below 1.04 Million Barrels Per Day in August While LNG Surges Angola’s oil production fell short of government targets again in August, averaging 1.03 million barrels per day, marking the sixth consecutive month of underperformance. According to the National Agency of Petroleum, Gas, and Biofuels (ANPG), total production reached 32.07 million barrels in August, equivalent to a daily average of 1,034,655 barrels, compared to the forecast of 1,086,727 barrels per day.

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Angola Advances Ornamental Rock Hub and Strengthens Mining and Oil Development in Namibe

Angola Boosts Namibe Mining and Oil Sector with Ornamental Rock Hub and Strategic Investments Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, is in Namibe for a working visit, focusing on the construction of the Ornamental Rock Development Hub and meetings with local mining industry leaders. The Ornamental Rock Development Hub, located 32 kilometers from Mocamedes, is progressing rapidly, just over six months after the foundation stone was laid. Minister Azevedo was joined

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Eni CEO Highlights $5 Billion Investment in Angola and Future Growth Plans

Eni and Azule Energy Commit Billions to Angola Oil and Gas with Focus on Deepwater, Gas, and Clean Energy The CEO of Italian multinational oil company Eni announced that Azule Energy has already invested $5 billion (4.3 billion euros) in Angola and plans to invest additional funds over the next four years. Speaking at the 6th Angola Oil & Gas International Conference, Claudio Descalzi emphasized Eni’s pioneering role in deepwater operations and complex, market-oriented projects,

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