Oil

Mining and Drilling Outside Russia is “Not a Viable Response” to Ukraine War, Climate Scientists Say

It is now clear that keeping fossil fuels in the ground is the single biggest…

Mozambican Petrol Company Petromoc Owes over Six Billion Meticals to Tax Authority and Other Creditors

Petróleos de Moçambique (Petromoc) owes around 6 billion meticais to the Tax Authority (AT) of…

Imports of Fuels and Petroleum Products “Running Smoothly,” IMOPETRO Confirms

The Mozambican Importer of Petroleum (IMOPETRO) assures that the imports of petroleum products are running…

Angola: Consortium Inks $335 Million Deal to Enter Prolific Deep-Water Blocks

Luanda-based Somoil teams up with UK-headquartered Sirius Petroleum to snare stakes in blocks 18 and…

Mozambican Oil Companies Warn that Fuel Distribution May Halt

The Mozambican Association of Oil Companies has called for a review of fuel prices, warning…

Exxon Mobil, Rosneft and TotalEnergies Compete For New Oil & Gas Prospects in Mozambique

Multinational oil companies Exxon Mobil, Rosneft and Totalenergies are among the 13 companies that have…

Mozambique Offers Advantageous Barrels

Mozambique’s sixth bid round is under way and potential bidders have until the end of…

Oil Rebounds as Libya’s Supply Blockade Ends

Oil is on Tuesday recovering from losses in the last session after production of the…

Total Reopens Office in Restive Mozambique Region

The Mozambique branch of the French oil and gas company, Total Energies, has returned to…

Biden Stops Aid to New Overseas Fossil Fuel Projects. Area 4 of the Rovuma Basin Could be One of those Affected

The Biden administration has ordered the immediate suspension of federal support for new coal plants…