Vivo Energy Tuesday announced it had reached an agreement with Engen Holdings (Pty) for a possible takeover. The agreement paves way to restructure the acquisition of Engen International Holdings (Mauritius) Limited (“EIHL”) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V. The restructured transaction is now unconditional, aside from customary closing conditions including material adverse change clauses. All required regulatory and competition authorities’ approvals have been received for the transfer of Engen’s international operations in nine Sub Saharan countries. The restructure allows for completion of the transaction, first announced on 4 December 2017, to proceed in respect of all countries other than the Democratic Republic of Congo. Completion has been scheduled for 1 March 2019. The restructured transaction will add operations in eight new countries and over 225 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across 23 African markets. The new markets…

With LNG market dynamics set to change from fears of oversupply to buoyant demand coming from China and rest of Asia, investors have confidently been backing more LNG projects in countries which are emerging as new gas players – among them Mozambique. The country has seen the only LNG FID reached in 2017 from the ENI's Coral floating LNG facility off the coast of Mozambique with shareholder ExxonMobil. Separately, Anadarko - Mozambique LNG onshore facility is not far behind with their FID expected for the first half of 2019. The CWC Group in partnership with ENH, Mozambique's national hydrocarbons agency, have been driving forwards the gas and LNG industry by hosting the official gas and LNG summit in the country. Now in its 5th edition, the Mozambique Gas Summit & Exhibition with the support of MIREME and INP will take place in Maputo, Mozambique, from 31 October – 2 November…