Rosneft signs agreements on offshore gas field development with Mozambique

23/08/2019 08:25 Natural Gas


Russian state-run oil company Rosneft signed a memorandum of understanding with Mozambique's National Hydrocarbons Company (Empresa Nacional de Hidrocarbonetos E.P., ENH) to develop offshore natural gas fields, a TASS correspondent reported from the signing ceremony.

Rosneft also signed a cooperation agreement with Mozambique's National Petroleum Institute (Instituto Nacional de Petroleo, INP).


In October 2018, a consortium of Rosneft and ExxonMobil signed concession contracts with the government of Mozambique for the exploration and production of hydrocarbons on three offshore blocks.


Besides Rosneft (20%) and ExxonMobil (50%), the consortium includes Mozambique ENH (20%) and Qatar Petroleum (10%).


Daily (28.01.2020): Oil declined further by over 2% on increased worries about the coronavirus impact

28/01/2020 11:32:00

The anxiety over the global economic impact of a deadly virus sent oil prices more than two percent lower on Monday. Brent crude for March delivery slipped $1.37, or 2.3%, to settle at $59.32 a barrel, the lowest level since Oct. 21. U.S. WTI crude ended at $53.14 a barrel, down $1.05, or 1.9%, its lowest level since Oct. 2.


1st billion cubic meters of gas supplied via TurkStream

28/01/2020 09:51:00

Gazprom supplied its first billion cubic meters of gas via the TurkStream gas pipeline, the company announced late Monday.


Caisse des Depots arm to buy into 143-MW Total renewables bundle

28/01/2020 09:26:00

Banque des Territoires, part of France's Groupe Caisse des Depots, has agreed to acquire a 50% stake in Total Quadran’s 143-MW portfolio of solar and wind energy assets in France.