Coral South FLNG remains on track
ExxonMobil confirms Mozambique LNG halt
Oil major confirms another Mozambican LNG project is on hold for security reasons
The Rovuma or Area 4 LNG project in Mozambique has been halted for now, but operator ExxonMobil says that they are “ready to resume affected activities once security conditions allow.” ExxonMobil did not confirm a force majeure, although the oil major already delayed a final investment decision (FID) on the project even before the security situation deteriorated further. The US major tells Petroleum Economist that it “remains committed to working with the government to further develop Mozambique’s gas resources” and “mitigate the impacts” of the local unrest, but declined to give any details of their talks with Maputo, or when they might hope to be able to resume work. But ExxonMobil is also
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
