Louisiana Light • 2 days | 85.15 | -1.06 | -1.23% | |||
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% | |||
Mars US • 146 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 10 hours | 2.721 | +0.049 | +1.82% |
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Girassol • 1 day | 88.90 | +1.44 | +1.65% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% |
Peace Sour • 17 hours | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 17 hours | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 17 hours | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 17 hours | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 77.83 | -0.27 | -0.35% | |||
Oklahoma Sweet • 2 days | 78.00 | +0.00 | +0.00% | |||
Kansas Common • 2 days | 71.50 | -0.25 | -0.35% | |||
Buena Vista • 2 days | 84.55 | +3.95 | +4.90% |
U.S. utilities are struggling to…
The U.S. upped the ante…
Western interest on Africaâs energy reserves is intensifying.
Houstonâs Anadarko oil and gas company has proposed to Mozambiqueâs government establishing a Liquefied Natural Gas facility capable of producing a billion cubic feet of gas a day in northern Mozambique.
Anadarkoâs exploration concession blocks cover both onshore and offshore areas in the Palma and Mocimboa da Praia in Cabo Delgado province districts, and exploratory drilling has uncovered large deposits of natural gas in four of Anadarkoâs seven exploratory wells, Agencia de Informacao de Mocambique reported.
Anadarko has so far invested $750 million in Mozambiqueâs Rovuma basin and projects investment costs to exceed $3 billion by the end of 2013. If Anadarkoâs plans for an LNG facility are approved, Anadarkoâs eventual investment could rise to $15 billion 2018, which would be by far Mozambiqueâs largest foreign investment.
Mozambiqueâs National Petroleum Institute chairman Arsenio Mabote is advocating that some of the natural gas be retained for use in Mozambique to produce fertilizers and methanol and also electricity generation for the countryâs northern provinces.
By. Joao Peixe, Deputy Editor OilPrice.com
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