Acquisitions and Divestitures News in Mozambique

ADNOC to Acquire 10% Equity Stake in Major LNG Development in Mozambique
5/22/2024 - - Equity stake in Area 4 concession within Mozambique’s Rovuma basin acquired from Galp, supporting ADNOC’s international growth strategy
- First investment in Mozambique complements ADNOC’s eff...
Galp to divest its 10% stake in Area 4 Mozambique
5/22/2024 - Galp has signed an agreement with ADNOC for the sale of its upstream assets in Mozambique.

Area 4 includes Coral South FLNG, in operation since 2022, as well as the prospective Coral North...
Puma Energy Mozambique Completes Acquisition of AirBP’s Aviation Fuel Assets
1/16/2024 - Leading aviation fuel supplier, Puma Energy Mozambique, completes its acquisition of AirBP’s aviation fuel assets in Mozambique following approval from the Competition Regulation Authority.

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Icon Energy Enters into Binding Term Sheet for Resources Opportunities
1/12/2024 - Icon Energy Limited (Icon or the Company) is pleased to advise that it has entered into a binding term sheet (Binding Term Sheet) with Consolidated Resources Pte Ltd (CR) to jointly pursue energy re...
Nigeria’s Aiteo Acquires Mozambique’s Mazenga Gas Block
12/29/2023 - Nigerian energy company Aiteo has secured a stake in Mozambique’s Mazenga gas block. The deal, formalized through farm-in arrangements with Mozambique’s National Hydrocarbons Company (ENH), positions ...
Sasol Concludes Sale & Purchase Agreement to Sell 30% in ROMPCO Pipeline
5/14/2021 - Sasol South Africa (SSA), a major subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject...
Divestment of Full Shareholding in Central Termica De Ressano Garcia (CTRG)
12/21/2020 - Sasol is pleased to announce that a Sale Securities Purchase Agreement has been signed with Azura Power Limited for the divestment of the Company’s full shareholding in CTRG, the gas-to-power plant lo...
Sasol’s Asset Sale Program Advances with Bids Due for Pipeline
6/29/2020 - Sasol Ltd. expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt. The bidding round ...
Total Closes the Acquisition of Anadarko’s Shareholding in Mozambique LNG
9/30/2019 - Total announces the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion. ...
Eni Acquires Rights in Three New Exploration Licenses in Mozambique
Eni Acquires Rights in Three New Exploration Licenses in Mozambique 5/29/2019 - Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins. Through a farm-in a...
Qatar Petroleum Signs Agreement to Enter New Exploration Block in Mozambique
3/11/2019 - Qatar Petroleum entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique. ...
Relinquishment of Tembo Block Appraisal Licence
12/17/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company announces that further to its announcement dated 3 October 2018, it intends to relinquish the Tembo...
QP Signs Agreement Marking its First Entry into the Republic of Mozambique
12/8/2018 - Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of...
Eni Acquires New Exploration Rights in Mozambique
10/17/2018 - At the presence of the Ministry for Mineral Resources and Energy Ernesto Max Tonela, Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5...
Statoil Quits Talks over Stake in Mozambique Offshore Gas Block
1/29/2018 - Norway’s Statoil said it has pulled out of negotiations to take a 25.5 percent stake in a gas block off Mozambique, citing a lack of progress after more than two years of talks. Statoil, Eni, South...
COPL Mozambique License Awarded and Nigeria Update
12/15/2017 - Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company, announces that through its 50% owned subsidiary ShoreCan, COPL has been advised by the Gov...
ExxonMobil Completes LNG Acquisition in Mozambique Area 4
12/13/2017 - ExxonMobil announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsib...
Wentworth Starts Farmout Process for Tembo-1 Appraisal Asset
6/13/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
ExxonMobil to Acquire 25% Interest in Mozambique Area 4 from Eni
3/9/2017 - ExxonMobil and Eni have signed sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni curren...
Qatar Considers Joining Exxon's Mozambique Gas Move
9/12/2016 - Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said....

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