Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
Guyana has signed a five-year production sharing agreement with TotalEnergies, QatarEnergy and Petronas for offshore Block S4, the first contract concluded after the 2023 tender that allocated eight of 14 shallow-water and deep-water blocks.
ExxonMobil CEO Darren Woods said the company is close to lifting the force majeure on its Rovuma LNG project in Mozambique and will move “fairly quickly” toward a final investment decision once the suspension ends.
Reuters reported that Exxon Mobil is looking to lift force majeure on its $30 billion Mozambique LNG project as security improves.
TotalEnergies CEO Patrick Pouyanné confirmed the Mozambique LNG project remains budgeted at $20.5 billion as work transitions toward construction.
TotalEnergies has lifted the four-year force majeure on its $20 billion Mozambique LNG project, with operations expected to start in 2029 pending government approval of an updated plan.
McDermott has completed its first subsea project in Angola, connecting five wells to the Pazflor FPSO for TotalEnergies’ Begonia development.
Morimatsu has delivered 8,000 tons of heavy columns, including a 120-meter propane–propylene fractionator, from China to Saudi Aramco’s Amiral Project in Jubail. The milestone marks the first acceptance of large-scale Chinese-manufactured towers by Aramco.
TotalEnergies has been selected to develop France’s largest renewable energy project, the Centre Manche 2 offshore wind farm, a €4.5 billion investment set to power over one million homes by 2033.
