Oil & Gas

TotalEnergies expects US Exim Bank to approve Mozambique LNG loan within ‘weeks’

Upstream, London, 7 February 2025) TotalEnergies anticipates the US Export-Import Bank will approve a $4.7 billion loan for its Mozambique LNG project within weeks. The approval would significantly support the project’s financing, as TotalEnergies moves forward with plans to develop the massive gas reserves in Mozambique. The deal comes as the UK’s export credit agency waivers are set to finalize.

NiWest: the Australian mine looking to defy the nickel downturn

(Mining Technology, London, 19 February 2025) Alliance Nickel is advancing its NiWest Nickel-Cobalt Project in Western Australia, which could produce 20,000 tonnes of nickel annually over the first 12 years. Despite a challenging nickel market, the project’s definitive feasibility study shows it has the potential to deliver low-cost, high-quality outputs. The project is set to become a key player in Australia’s nickel industry, with environmental and economic sustainability at its core. Alliance Nickel is engaging with Export Finance Australia, the Canadian export credit agency (ECA), Samsung and South Korean ECAs.

Meteoric maintains Caldeira momentum in bid to build low cost rare earths monster

Stockhead, Perth, |24 February) Meteoric Resources continues advancing its Caldeira project in Brazil, projecting industry-leading low operating costs and high potential returns. Despite a dip in share price, the company plans to finalize its pre-feasibility study soon and aims for production by 2027. Strategic partnerships, including agreements with U.S. and Canadian ECAs, are key to securing future funding.

Kazakhstan and Nigeria Discuss Investments and Technology

(InBusiness, Astana, 25 February 2025) Kazakhstan and Nigeria held talks to boost bilateral cooperation, focusing on oil, gas, mining, and trade. Key discussions included joint ventures in petroleum, gas infrastructure, and mineral resource processing, alongside exploring trade routes and expanding market access. Both countries aim to enhance direct business engagement and financial cooperation, highlighted by a potential Memorandum of Understanding with NEXIM Nigeria.

EXIM Hosts Export Finance Australia, Highlighting Strong Partnership

(EXIM, Washington, 25 February 2025) The Export-Import Bank of the U.S. hosted Export Finance Australia to discuss enhancing their collaboration on critical minerals and supply chain shifts away from China. Both agencies plan to leverage the Single Point of Entry (SPE) initiative for streamlined financing and mutual strategic priorities.