Afreximbank, APPO sign up to energy bank plan
Afreximbank has signed a memorandum of understanding (MoU) with the African Petroleum Producers Organization (APPO), with the dream of creating an energy bank.
Angola
Eni sees African opportunities, including in its trees
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Africa’s petroleum exploration hot spot – find out about Angola’s latest bidding round at CAPE VIII
The Angolan National Oil, Gas and Biofuels Agency (ANPG) on April 5 opened a tender for eight oil blocks in the Lower Congo and Kwanza offshore basins.
Angola ejects WM-DC from Cabinda North
Angola has ejected WM-DC Resources from the Cabinda North block, for alleged failure to comply with its contractual obligations.
2022 is already witnessing increased deals activity
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
Sirius, Somoil seal Sonangol sale
Sirius Petroleum and Somoil have officially signed a sale and purchase agreement for stakes in three blocks offshore Angola for $335.5 million.
Angola visits Houston, checks in on Cabinda refinery work
VFuels is making progress with its Cabinda refinery work at facilities in Houston, with equipment passing its factory acceptance testing (FAT).
Sungara sets out $500mn deal to buy into Block 15/06
Sungara Energies has signed a deal to buy a 10% stake in Block 15/06, offshore Angola, from state-owned Sonangol.
Afentra moves Sonangol deal forward on two blocks
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Seadrill’s West Gemini signs up for more Angolan work
Seadrill has struck a 10-well contract, with an option for up to eight more, in Angola for its West Gemini drillship.
Updated: Italy ties up gas plans with Angola, Congo Brazzaville
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Namibia eyes Shell, TotalEnergies production in 2028
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Eni, Equinor and TotalEnergies play it safe in Angola bids
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.
Eni scales up Ndungu find to billion barrels
Eni believes its Ndungu field could hold 800 million to 1 billion barrels of oil equivalent in place.
Italy minister visits Angola, Congo in LNG security hunt
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
BP, Eni to combine Angolan assets in new joint venture
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
Eni starts up Ndungu on Block 15/06
Eni has begun producing at the Ndungu project in Angola’s Block 15/06.
IEEFA raises New Fortress Energy worries
The Institute for Energy Economics and Financial Analysis (IEEFA) has raised a warning over New Fortress Energy’s (NFE) plans.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
TotalEnergies, Inpex sell down Angola stake
TotalEnergies and Inpex are selling out of Angola’s offshore Block 14, transferring their interests to locally owned Somoil.
UK drops red list travel rules for African states
The UK has removed all 11 countries from the red list in the face of international pressure.
US sanctions Isabel dos Santos, ex-head of Sonangol
The US has announced sanctions on a number of Angolan officials, including Isabel dos Santos, the former head of Sonangol and daughter of former president José Eduardo dos Santos.
Chevron extends Angola licence to 2050
Chevron’s local Angola unit has extended the Block 0 concession until 2050 and it will keep its full 39.2% stake.
TotalEnergies starts up CLOV, following BP’s Platina
TotalEnergies has started up CLOV phase 2, offshore Angola, marking the second field to come onstream in a week.