Submitted by oilgasafrica on Thu, 2019-06-06 23:00
BHGE expands facility in Luanda to manufacture, service and repair technologies and equipment across its four product companies; expanded facility will enable fullstream solutions to serve local and regional customers across the oil and gas value chain; expansion supports company’s localization strategy and serves as hub to serve customers in Angola and Southern Africa region.
Submitted by oilgasafrica on Wed, 2019-06-05 18:16
Angola made another stride today in becoming Africa’s hottest oil & gas frontier by launching the first phase of its brand new six-year oil licensing strategy.
Submitted by oilgasafrica on Tue, 2019-06-04 23:00
ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest.
Submitted by oilgasafrica on Tue, 2019-06-04 23:00
Angola is at the centre of global energy deals this week as its capital Luanda hosts a plethora of global CEOs and energy investors, and over 1,000 oil industry stakeholders at the Angola Oil & Gas 2019 Conference, organized by Africa Oil & Power. The summit was open by President João Lourenço, who highlighted the various reforms made by his administration to revitalize the industry and insisted on the role of gas monetization to spur industrialization and economic growth.
Submitted by oilgasafrica on Wed, 2019-05-22 23:00
As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbours are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil producing market.
Submitted by oilgasafrica on Sun, 2019-05-19 23:00
Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector. The ambitious reform agenda of President João Laurenço and that of the Minister of Mineral Resources and Petroleum, Dr. Diamantino Pedro Azevedo, has already resulted in increased investment from the country’s biggest European operators. This current state of play now presents an opportunity for North American companies to re-engage and re-invest in the Angolan market.
Submitted by oilgasafrica on Sun, 2019-05-12 23:00
Under President João Lourenço, the Angolan oil and gas sector has grown from strength to strength and opportunities await for businesses in all sectors who are keen to increase their exports into new markets.
Submitted by oilgasafrica on Thu, 2019-02-07 20:58
Seadrill Limited ("Seadrill") announces today that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. ("Sonangol"). The new joint venture, Sonadrill, will operate four drillships, focusing on opportunities in Angolan waters.
Submitted by oilgasafrica on Wed, 2019-01-09 17:28
In December, I was accompanying OPEC Secretary General Mohammed Sanusi Barkindo and Africa Oil and Power CEO, Guillaume Doane on a working visit to Angola. This is an oil market that has been under a lot of scrutiny by many industry players and there is no question that Angola’s oil sector is at a time of transformation. It is now clear that when President João Lourenço’s promised he would clean the country’s administration and revamp its economic engine, namely the national oil company Sonangol, he meant business.
Submitted by oilgasafrica on Wed, 2019-01-09 07:01
Total has agreed to develop joint activities in the downstream petroleum sector in Angola, with national company Sonangol. Already long-term partners in the upstream business, the two companies have decided to establish a Joint Venture company to develop a common retail and distribution activity in the country, the fourth largest market in sub-Saharan Africa.
Submitted by oilgasafrica on Tue, 2016-02-02 00:00
Oceaneering International, Inc. ("Oceaneering" or the "Company") (NYSE:OII) announced today that a unit of BP p.l.c. ("BP") (NYSE:BP) has exercised its right, under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola, to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016. Prior to this notice, the work was scheduled to extend through the end of January 2017.
Submitted by oilgasafrica on Mon, 2016-01-11 13:23
Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo.
Submitted by oilgasafrica on Tue, 2015-11-03 10:07
Chevron Corporation (NYSE:CVX) announced today that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
Submitted by oilgasafrica on Mon, 2015-07-20 23:00
Total has started production from Dalia Phase 1A, a new development on its deep offshore operated Block 17, located 135 km off the coast of Angola. Dalia Phase 1A will develop additional reserves of 51 million barrels (Mb) and will contribute 30,000 barrels per day (b/d) to the block’s production.
Submitted by oilgasafrica on Tue, 2015-05-26 23:00
Total has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day.