Chevron eyes Mozambique tax windfall

Chevron’s proposed acquisition of Anadarko Petroleum will have little immediate impact on development plans for Mozambique Area 1, where a final investment decision is now expected in early May. The deal is mainly focused on Anadarko’s position in US shale and the Gulf of Mexico but will also expand and diversify Chevron’s liquefied natural gas (LNG) business and create a fourth supermajor alongside ExxonMobil, BP and Shell.