Unrest along Mozambique’s northern coast has halted onshore development
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
China's state-controlled Cnooc is seeking to invest in Mozambique for the first time, while Italy’s Eni is looking to expand its portfolio in the troubled east African nation, after both firms submitted bids in Mozambique’s sixth licensing round. Cnooc bid for five blocks: three in the Angoche basin and two in the Save basin, according to Mozambican regulator INP. The Chinese firm is proposing operating the blocks with 70–80pc ownership, with Mozambican NOC ENH holding the remainder. If the bids are successful, they would be Cnooc’s first foray into the country. Eni, meanwhile, bid to operate one block in the Angoche basin with a 60pc stake, with ENH holding the remaining 40pc. INP plans to
Also in this section
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
