Total and Mozambique sign security pact for $20bln natural gas project

French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Monday.

Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of the country.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Path Investments Plc

More articles like this

Path Investments Plc

Awilco rig bags North Sea gig with Ithaca

Offshore rig owner Awilco Drilling has been awarded a contract with Ithaca Oil and Gas Limited for the provision of the WilPhoenix rig in the UK North Sea. Awilco said on Monday that Ithaca will use the WilPhoenix

Path Investments Plc

US oil major Chevron enters offshore wind market

U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a U.S. company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy. Ocergy secured

Path Investments Plc

Crude oil edges higher on Mideast tension

Oil prices edged higher on Tuesday on tensions in the Middle East after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites and on an expected drawdown in crude oil inventory in the United States.

Path Investments Plc

Oil prices up on strong economic outlook

Oil prices increased on Wednesday on strong economic data from the US and China that is fueling quicker economic recovery projections, and with the more-than-expected crude oil inventory drawdown forecasts in the US. International benchmark Brent crude was

Path Investments Plc

AI and the cloud enable energy’s transformative leap

The current pandemic has shown the energy sector how dependable enterprise operations can be upended almost overnight. Workforce routines at extraction sites and refineries have been disrupted, causing unplanned outages, as we saw at the Sharara oilfield. With

Path Investments Plc

Oil prices rise 2% today

Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of