Exxonmobil finalizes LNG purchase in Mozambique

15/12/2017 14:37 LNG


ExxonMobil, the biggest publicly traded international oil and gas energy firm, declared that it accomplished the transaction of liquefied natural gas purchase in Mozambique’s Area 4 block.

The energy company, with the acquisition of 25 percent indirect interest in Area 4 block from Italian Eni, will run the construction and operation of future natural gas liquefaction sites.

The company pledged to ensure midstream activity in Area 4 block, which comprises around 85 trillion cubic feet of natural gas.

Darren W. Woods, Chairman and Chief Executive Officer affirmed: “We are confident that our project and marketing expertise, coupled with our financial strength, will help grow the value of Mozambique’s energy resources.”

Daily (31.03.2020): Oil prices plummeted to 18-year lows on Monday as demand suffers an unprecedented decline

31/03/2020 10:51:00

Crude oil prices crashed to fresh 18-year lows on Monday as growing fears over the coronavirus pandemic eroded demand, while the Saudi Arabia-Russia price war threatened to overload the market. Brent crude collapsed by 8.7% to close at $22.76 a barrel, the lowest settlement since November 2002. Meanwhile, the U.S. WTI crude plunged by 6.6% to end at $20.09 a barrel.


Vestas wins 109MW French fancy

31/03/2020 09:28:00

Vestas has secured a turbine order totalling 109MW from an undisclosed customer in France for an unnamed wind farm.


Poland State Gas Distributor Says It Wins $1.5 Billion From Russia's Gazprom In Price Dispute

31/03/2020 09:23:00

Poland’s largest distributor of natural gas has announced it won a years-long energy-supply price dispute with Russia’s state-run Gazprom worth $1.5 billion at an international arbitration court in Sweden.