Majors show early interest in Mozambique’s 5th round
ExxonMobil, Total, and Statoil are among the companies that submitted bids to explore for new exploration blocks in Mozambique
The interest confirms that oil companies are still confident interesting discoveries can be made in the southern African country’s waters. But the terms of the round faced criticisms ranging from opacity to cronyism and the turnout was less than expected – even allowing for the low oil price. A total of 15 blocks were included in the round which was closed 30 July by the Institute of National Petroleum (INP). Sixteen companies ranging in size from supermajors to minnows applied for blocks as operators and non-operators. Among the bidders were Italy’s Eni, South Africa’s Sasol, Russia’s Rosneft, Indian Oil Corporation, Shoreline Canoverseas, Delonex Energy, Angola’s state-owned Sonangol, Namo
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
