Browsing Tag
Mozambique
25 posts
ExxonMobil (XOM) earns $15.4bn as refining profits surge and $20bn buyback plan emerges
ExxonMobil's third-quarter earnings and free cash flow underline the growing contribution of refining operations, while the energy major expands its LNG interests and outlines another substantial shareholder repurchase programme.
SLB shares jump 7% as Q3 revenue reaches $9.45bn, but margins remain below 2025
SLB delivered stronger third-quarter revenue, free cash flow and sequential operating profitability as Middle East activity recovered and data-centre infrastructure demand accelerated, although organic growth and year-on-year margins reveal a more complicated earnings picture.
Rovuma LNG locks in $1.1bn of equipment as ExxonMobil targets 2026 FID
ExxonMobil and its Area 4 partners have committed about $1.1 billion to long-lead equipment for Mozambique’s 18.6mtpa Rovuma LNG project, with a newly disclosed $200 million to $250 million pipe package showing how far procurement is moving before the final investment decision.
Corinth Pipeworks lands up to $250m Rovuma LNG contract as ExxonMobil moves closer to Mozambique FID
Corinth Pipeworks has secured a $200 million to $250 million offshore pipeline package as ExxonMobil and its partners accelerate pre-FID spending on Mozambique’s Rovuma LNG.
Kenmare Resources (LSE: KMR) faces H2 recovery test as Moma ilmenite output falls 39% and net debt rises
Kenmare Resources must turn its upgraded WCP A into stronger second-half production after H1 ilmenite output fell 39% and net debt climbed to $175.7 million.
Matrix Geo Solutions has a new rail order, so why is MGSL still near its 52-week low?
Matrix Geo Solutions is expanding its Indian Railways portfolio with a precision track-alignment survey in Pune, although the contract’s financial impact depends on disciplined execution and timely collections.
South Africa’s June 30 anti-migrant deadline triggers mass departures and national security alert
South Africa’s unofficial migrant deadline has triggered mass departures, police deployment and a major test of immigration law and public order.
Why South Africa’s anti-migrant unrest could deepen its economic crisis
South Africa’s anti-migrant unrest is exposing deep strains over unemployment, public services, xenophobic violence and regional migration.
Thousands seek to leave South Africa before June 30 anti-immigrant protests
Thousands are leaving South Africa before June 30 anti-immigrant protests as police prepare for unrest and migrants fear renewed violence.
Delhi Malviya Nagar hotel fire exposes fatal gaps in fire safety enforcement
Delhi’s hotels promise access, but Malviya Nagar exposed risk. The fire safety audit now tests whether enforcement can outrun tragedy.