Rosneft and ExxonMobil team up in Mozambique
Russian and US majors win rights to explore in three blocks in Mozambique licensing round
The partners were awarded blocks A5-B in the Angoche Basin as well as Z5-C and Z5-D in the Zambezi basin. The companies will start talks with the government of Mozambique and the Instituto Nacional de Petroleo (INP) on the detailed terms of participation. Once completed ExxonMobil will become the operator, Rosneft said in a statement. The companies already produce oil together off the coast of Russia's Sakhalin Island but further cooperation between the two in Russia's Arctic was halted when the US imposed sanctions on Russia in order to punish it for its military activity in Ukraine. South Africa's Sasol was also awarded block PT5-C adjacent to its Pande and Temane fields with partner, Moza
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
