French energy major Total said it would not complete the purchase of the African assets in Algeria and Ghana of Occidental Petroleum of the US, while it has finalized the acquisition of Mozambique LNG and a South African offshore licence under the same original deal.
Anadarko Petroleum Corp. of the US has formally given the final investment decision and go-ahead for $20 billion of liquefied natural gas export project spending in Mozambique ahead of the Houston, Texas-based company’s takeover by Occidental Petroleum.
Anadarko Petroleum, the US company that has agreed to be taken over by Occidental Petroleum and whose liquefied natural gas assets will be sold to French major Total, has awarded the main engineering contract for the onshore Mozambique LNG plant to a consortium of companies from Italy, the US and Japan.