Eni intends to boost contracted LNG volumes to 14 million tonnes per year by 2024 and is in talks on entering Qatar Petroleum’s (QP) major expansion.
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
Angola can balance environmental protections with ongoing hydrocarbon exploration, in line with its constitution, writes Verner Ayukegba, Senior Vice-President at the African Energy Chamber.
Angola's Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has defended its work to assess hydrocarbon potential onshore.
Subsea 7 has won a contract worth up to $300million for construction of a platform for the Chevron Sanha Lean Gas Connection (SLGC) project off Angola.
Edinburgh-based Belltree has won work to assist Angola’s oil industry regulator in assessing field performance.
DP World has been approved to move forward on the port of Luanda, in addition to striking an agreement for a new terminal in Senegal.
Access to capital is the major challenge facing sub-Saharan Africa’s energy sector.
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
SBM Offshore is seeking clarity from the Swiss Federal Prosecutor after it brought fresh suspicions of corruption against the Dutch contractor.
Gemcorp has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Maurel et Prom’s production fell in the first nine months of 2020, although its acquisition of Angolan assets helped avoid too great a reduction.
Total has chosen a Maersk Drilling vessel for a three-well campaign in Angola's block 17, handing the Danish firm a $30 million deal.
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Angolan President João Lourenço said his predecessor had overseen the loss of $24 billion, in an interview with the Wall Street Journal.
ExxonMobil has signed three risk service agreements (RSAs) with Angola for work in the Namibe Basin.
Bourbon Mobility has struck a deal to oversee personnel logistics for Subsea 7, on Angola's Zinia 2.
Sonangol posted net income of $125 million for 2019, while EBITDA reached $4.78 billion up 10% year on year.
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
Chad asked Glencore to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries.
DOF Subsea has won an integrated field support vessel (FSV) contract from an unnamed IOC in Angola.
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
BP’s Greater Plutonio floating production, storage and offloading (FPSO) vessel offshore Angola has produced 600 million barrels of oil.
The Dalia floating production, storage and offloading (FPSO) vessel has produced 1 billion barrels of oil, offshore Angola.
Angola is making progress on its reform plans, issuing tenders for work, while Total is moving to restart offshore drilling.