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Spotlight MOZAMBIQUE Issue dated 07/07/2020

Total, Société Générale, TechnipFMC... French groups reign supreme in LNG

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“Southern Africa progresses towards the start of gas production”

SOUTH AFRICA MOZAMBIQUE NAMIBIA

Southern Africa progresses towards the start of gas production

As a future gas production zone, South Africa, Mozambique and Namibia carry the hopes of the super-majors Total, ENI and ExxonMobil. They represent a new opportunity for investors as Africa's traditional oil and gas-producing countries are increasingly struggling to maintain production. [...]

Total's arrival in Mozambique in September 2019, which marked a high point in France's efforts to establish its presence in the southern African country, was only the cherry on the cake of a wider-ranging campaign in which French banks and companies were already heavily involved. [...] (712 words)

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Privinvest patrol boat deal broker to publish tell-all book in Paris

Jean Boustani, the sales director of Privinvest, which in 2013 sold 24 trawlers and six patrol boats to Mozambique in a $2bn contract denounced by the IMF and a US court, will not testify at the trial that opened last month in Maputo. [...]

AFRICA 05/07/2021

CIS counts on oil and mining for a boost in Africa

The catering company has its eyes on major contracts for growth after a decrease in activity. [...]

Spotlight MOZAMBIQUE 25/06/2021

Total forced to compensate lead subcontractors on troubled LNG project

To avoid further headache, the French major has decided to cough up and compensate the companies that it or its own subcontractors had hired on its now shelved LNG export project. [...]

MOZAMBIQUE 19/05/2021

TechnipFMC to make ENI cover cost of Pemba departure

The Italian major ENI will have to pay for the cost of relocating its subcontractor TechnipFMC's activities from Pemba to Maputo. [...]

AFRICA 06/05/2021

TechnipFMC keeps African subsea goals alive

The oil services firm TechnipFMC is keen to snap up several contracts in Angola and Nigeria. [...]

MOZAMBIQUE 05/05/2021

TechnipFMC leaves ENI in the lurch on Coral FLNG

The French-US oil services giant has decided to follow the general retreat from Mozambique's Cabo Delgado region begun by Total. [...]

Former Mozambican Finance Minister Manuel Chang. © Landov/MaxPPP

Spotlight MOZAMBIQUE SOUTH AFRICA 21/04/2021

ANC bigwigs bicker over Manuel Chang, architect of Mozambique's secret loans

Former finance minister Manuel Chang, jailed in South Africa in 2018 for his role in Mozambique's secret loans scandal, is the subject of a fierce tug of war within the South African government. Securocrats want him extradited to Maputo, while the justice minister wants to send him to the US. [...]

MOZAMBIQUE 16/04/2021

Logistics provider Christophe Peschaud hopes to consolidate his business with Total

Depuis le début du mois d'avril, l'homme d'affaires français Christophe Peschaud tente de se faire une place dans les ressources humaines spécialisées dans le secteur gazier à Maputo. [...]

Total chief executive Patrick Pouyanné. © IP3 Press/MaxPPP

Spotlight MOZAMBIQUE 14/04/2021

Total's Cabo Delgado LNG project on indefinite hold

Armed violence in the region has brought work on the French major's liquefaction trains to a complete stop. When it will resume is anybody's guess. [...]

AFRICA 29/03/2021

Shell, ExxonMobil, Sasol step up for Covid vaccines and spy opportunity

Oil companies, convinced that the hydrocarbon sector's recovery, particularly in Africa, will go hand in hand with vaccination, are helping out with inoculation programmes. Some are investing in the lucrative market for storing vaccines. [...]

SADC 10/03/2021

Advisory firm helps SADC map infrastructure to keep Total's gas in the region

To ensure gas produced in southern Africa does not bypass the regional market altogether, the SADC secretariat would like to see the bloc members adhere to a combined strategy. [...]

MOZAMBIQUE 08/03/2021

ExxonMobil and ENI push back their LNG plans, but Total sticks to its schedule

The Covid-19 pandemic and the uprising in Cabo Delgado have prompted most operators to revise their medium-term plans. Their main financial partner, Standard Bank, reckons the delays will last between several months and several years. [...]

Spotlight MOZAMBIQUE 10/02/2021

The local content trio squaring up to Total, ENI, and ExxonMobil

The majors working in the north of Mozambique are set to have less and less latitude as local content legislation takes form. [...]

Tony Elumelu and Emmanuel Macron in Lagos on July 4, 2018. © Ludovic Marin/Pool/EPA/Newscom/MaxPPP

Spotlight NIGERIA 02/02/2021

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Elumelu turned to Amundi, a Crédit Agricole subsidiary, to expand his family-owned holding company's oil portfolio. The Nigerian philanthropist and business mogul, who was instrumental in organising Emmanuel Macron's 2018 visit to Lagos, has ramped up his dealings with French companies. [...]

ANGOLA 29/01/2021

Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

To help win a contract to assess opportunities in Angola's oil sector, the Scottish consultancy Belltree has turned to the well-connected businessman Bráulio de Brito, president of the UK-Angola Chamber of Commerce. [...]

AFRICA FRANCE 27/01/2021

France's EDF charges on with off-grid plans

The French electric utility company EDF has solicited the European Investment Bank (EIB) for $60m to help develop its off-grid projects in Africa. [...]

Mamoudzou, the main town in Mayotte. © Outre-mer.gouv.fr/Marion Chateauneuf/Préfecture

Spotlight MOZAMBIQUE MAYOTTE ISLAND 26/01/2021

Total eyes Mayotte as possible rear base for Mozambique LNG

Total is hoping to set up a logistics base in Mayotte for its Mozambican offshore operations. The French island for its part is looking at the bigger picture and dreams of becoming the major's permanent rear base in the Indian Ocean. [...]

MOZAMBIQUE 26/11/2020

Sasol in a dilemma over its Zambesi Basin partnership with ENI as pandemic rages on

Italian major ENI is due to see drilling start in the first quarter of 2022 on offshore block A5-AI shared with South African group Sasol, which is in financial difficulty. [...]

The businessman Iskandar Safa. © PHOTOPQR/NICE MATIN TEAMSHOOT

Spotlight MOZAMBIQUE 17/11/2020

After 'hidden debt' affair, Iskandar Safa goes into oil logistics in Pemba

The head of logistics at Iskandar Safar's Privinvest, Arnaud Lelouvier, has opened a new branch specialised in gas operations in Cabo Delgado. [...]

MOZAMBIQUE ANGOLA 16/11/2020

Once the star of Total's Kaombo project, Heerema takes a hard fall

In the space of two years the Dutch oil services firm Heerema has sold off all its African assets, unable to weather the gloomy oil market and its divorce from TechnipFMC. [...]

MOZAMBIQUE 10/09/2020

Total relies on high-level go-betweens to strengthen its relations with Frelimo

French major Total is increasingly feeling the need to establish closer communications with the governing Frelimo regime. [...]

AFRICA 07/09/2020

Bolloré Africa Logistics profits halved

Despite a stable turnover last year, the French operator is suffering the effects of a 2019 year marked by the loss of its concession in Douala. [...]

MOZAMBIQUE 20/08/2020

Zakher leads way on gas services partnership between Maputo and Abu Dhabi

The firm owned by the businessman Hassan El Ali recently signed a deal with Mozambique's national oil company ENH, thereby becoming one of the first Dubai-based operators to invest in the country's gas sector. [...]

The Minister for Exports Graham Stuart. © Wang Quanchao / Xinhua News Agency/Newscom/MaxPPP

Spotlight UNITED KINGDOM MOZAMBIQUE 22/07/2020

Total's block 1: Exports minister Stuart ready to plant Union Jack in Mozambican LNG

As a member of the Commonwealth, Mozambique could find itself a prime target of a post-Brexit UK in search of trade opportunities. Yet the Minister for Exports and head of UK Export Finance has found himself stuck between entrepreneurs and NGOs warning against the environmental impact of gas rigs. [...]

Adriano Maleiane, Mozambican minister of finance. © MAXPPP

Spotlight MOZAMBIQUE 17/07/2020

Maputo suspends eurobond repayments

For the second time since 2016, Mozambique has frozen its repayments to investors who bought in to its $900m eurobond. [...]

MOZAMBIQUE 16/07/2020

Local content still major source of tension between Total, ENI, ExxonMobil and state

The oil majors, Total, ENI and ExxonMobil, are continuing to exert pressure on the state to avoid having to meet strong local content requirements. The Ministry of Mineral Resources and Energy is to take advice from a consulting company on the subject. [...]

Spotlight MOZAMBIQUE 17/03/2020

Local content: fragmented bombshell heading Frelimo and Total/Exxon's way

After being bottom on the list of the Frelimo government's concerns since the development of the giant Rovuma Basin gas reserves began in 2010, local content is creeping back up in the pecking order. The question now is whether it [. [...]

MOZAMBIQUE 18/02/2020

INP roasts ExxonMobil, ENI and Total over local content

The three majors have been given a stiff warning over their laxist approach to the country's local content laws. [...]

MOZAMBIQUE 29/01/2019

Former finance minister Chang and allies banked on gas for hidden loans

The former finance minister and his accomplices played on booming gas prices to set up their plan. [...]

Spotlight AFRICA 03/07/2018

Shell still needs to play catch-up after BG purchase

As both BP and ExxonMobil take a major bet on the continent, and Total and ENI ramp up their African investments, Shell is nearly the only Western major to be dragging behind. Africa Energy Intelligence examines the Anglo-Dutch major's botched [. [...]

Spotlight MOZAMBIQUE 20/02/2018

Government's waiting game wears down majors' patience

Two years after the vast call for tenders launched with great pomp by the Instituto Nacional de Petroleo (INP), the majors that had been awarded a block have become completely disillusioned with the whole affair. [...]

MOZAMBIQUE 10/10/2017

CGG's hunt for new Mozambican Eldorado

French concern CGG (Compagnie generale de geophysique) has launched into [...]

Spotlight MOZAMBIQUE 25/11/2016

Secret loans: same old same old dressed up as new?

Just as Mozambique is trying to fix things up with the IMF, to which it is in default, Mozambique Assets Management (MAM), Ematum and Proindicus, whose mammoth dodgy loans have thrown the country into chaos, continue to operate. [...]

MOZAMBIQUE 30/06/2015

Groups scrambling for acreage in new licensing round

The majors are jostling for position with less than a month to go before bids are to be submitted for Mozambique’s fifth licensing round. [...]

Spotlight MOZAMBIQUE 18/11/2014

Doubts grow among oil companies despite Rovuma’s reserves

The American operator Anadarko is becoming impatient about the long time it takes for Mozambique’s government to reach decisions in the gas sector. And elsewhere, Maputo’s move to award the logistic base project to Orlean Invest at Pemba port has [. [...]

Spotlight MOZAMBIQUE TANZANIA 07/03/2014

Paris prospects beyond its back yard

The French minister for international trade Nicole Bricq went to Mozambique and Tanzania along with a large delegation of companies from 3 to 7 March, to help French business catch up by taking advantage of the country's good political relations [. [...]

On our other sites

Intelligence Online 26/08/2020

Sophie Zhou Goulvestre helps attract French strategic projects to Shanghai

Sophie Zhou Goulvestre, who has consulted for EDF and Société Générale, is helping Shanghai to draw in French aeronautical and artificial intelligence know-how. [...]

Prabowo Subianto in Jakarta during the 2019 presidential campaign. © Reuters/Beawiharta Beawiharta

Intelligence Online 03/07/2020

Prabowo Subianto faces legal action over presidential campaign plane debt

Indonesia's defence minister and presidential also-ran allegedly still owes money to the Maltese company that supplied his electoral campaign jet. [...]

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Total, Société Générale, TechnipFMC... French groups reign supreme in LNG

Southern Africa progresses towards the start of gas production

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CIS counts on oil and mining for a boost in Africa

Total forced to compensate lead subcontractors on troubled LNG project

TechnipFMC to make ENI cover cost of Pemba departure

TechnipFMC keeps African subsea goals alive

TechnipFMC leaves ENI in the lurch on Coral FLNG

ANC bigwigs bicker over Manuel Chang, architect of Mozambique's secret loans

Logistics provider Christophe Peschaud hopes to consolidate his business with Total

Total's Cabo Delgado LNG project on indefinite hold

Shell, ExxonMobil, Sasol step up for Covid vaccines and spy opportunity

Advisory firm helps SADC map infrastructure to keep Total's gas in the region

ExxonMobil and ENI push back their LNG plans, but Total sticks to its schedule

The local content trio squaring up to Total, ENI, and ExxonMobil

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Belltree uses Luanda-Edinburgh network to land contract with state petroleum agency ANPG

France's EDF charges on with off-grid plans

Total eyes Mayotte as possible rear base for Mozambique LNG

Sasol in a dilemma over its Zambesi Basin partnership with ENI as pandemic rages on

After 'hidden debt' affair, Iskandar Safa goes into oil logistics in Pemba

Once the star of Total's Kaombo project, Heerema takes a hard fall

Total relies on high-level go-betweens to strengthen its relations with Frelimo

Bolloré Africa Logistics profits halved

Zakher leads way on gas services partnership between Maputo and Abu Dhabi

Total's block 1: Exports minister Stuart ready to plant Union Jack in Mozambican LNG

Maputo suspends eurobond repayments

Local content still major source of tension between Total, ENI, ExxonMobil and state

Local content: fragmented bombshell heading Frelimo and Total/Exxon's way

INP roasts ExxonMobil, ENI and Total over local content

Former finance minister Chang and allies banked on gas for hidden loans

Shell still needs to play catch-up after BG purchase

Government's waiting game wears down majors' patience

CGG's hunt for new Mozambican Eldorado

Secret loans: same old same old dressed up as new?

Groups scrambling for acreage in new licensing round

Doubts grow among oil companies despite Rovuma’s reserves

Paris prospects beyond its back yard

Sophie Zhou Goulvestre helps attract French strategic projects to Shanghai

Prabowo Subianto faces legal action over presidential campaign plane debt

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