• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 hour Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 12 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 1 hour Saudi Arabia turns to solar
  • 24 mins Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 5 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 hour Why is permian oil "locked in" when refineries abound?
  • 45 mins Teapots Cut U.S. Oil Shipments
  • 18 hours Gazprom Exports to EU Hit Record
  • 18 hours OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
  • 18 hours Could oil demand collapse rapidly? Yup, sure could.
  • 21 mins Oil prices going down
  • 14 hours U.S. Withdraws From U.N. Human Rights Council
  • 1 hour Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 2 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
  • 11 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 hours Sell out now or hold on?
Alt Text

Permian Boom Jeopardized By Pipeline Troubles

Once a magnet for investors,…

Alt Text

Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil prices fell on Tuesday…

Alt Text

Venezuela Won’t Have Enough Oil To Export By 2019

GlobalData recently projected that Venezuela’s…

John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

Trending Discussions

Mozambique - Energy Sector Open to All

Reading the news, it sometimes seems as if China has bought up Africa's energy resources lock, stock and barrel.

But one nation is bucking the trend - Mozambique, who according to a recent report from the Agencia de Informacao de Mocambique, has seen its President Armando Emilio Guebuza essentially declare that the country's energy resources are open to all comers.

And what a frontier it seems to be, especially for Anadarko Petroleum Corp., the largest U.S. independent oil and natural gas company by market value.

On 5 October Anadarko Petroleum Corp. raised its estimates of reserves in its offshore Mozambican Indian Ocean fields after reappraising its Camarao Offshore Area 1 of the deepwater Rovuma Basin, stating its belief that the Windjammer, Barquentine, Lagosta and Camarao complex holds at least 10 trillion cubic feet of gas, more than the Britain's North Sea proven reserves, according to BP Plc data.

Anadarko Petroleum Corp. Vice President Bob Daniels exulted, "Our successful drilling program offshore Mozambique continues to expand the already world-class resource potential of this frontier basin. We are optimistic that our current resource estimates will increase, as we still have significant exploration and appraisal work ahead of us."

Putting its money where its reserves are, two months ago Anadarko Petroleum Corp. hired Technip SA and KBR Inc. to design a liquefied natural gas (LNG) plant in Mozambique after reappraising its reserves…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News