Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
Angolan President Joao Lourenco dismissed dos Santos in November 2017, shortly after becoming president. Isabel was the daughter of Lourenco’s predecessor, Jose Eduardo dos Santos. Isabel is believed to be in Dubai.
The company said the “energy sector in particular is likely to benefit considerably from improved connectivity”.
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
It cited analysis by Boston Consulting Group stating that by 2038 there would be 1,000 offshore structures in the Arabian Gulf that would no longer be economically viable.
Shelf Drilling has extended the contract on its Shelf Drilling Tenacious jack-up, offshore Angola.
The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which were been long awaited and the changes largely well received.
PTT Exploration and Production (PTTEP) has struck a deal to sell its 2.5% stake in Block 17/06 to Somoil and exiting the country.
Yinson Production has agreed to work on the Agogo FPSO for Azule Energy, in Angola’s Block 15/06.
Sonangol has begun building a second oil tanker, following an oil cutting ceremony in South Korea on November 28.
Equatorial Guinea and Congo Kinshasa have signed an agreement to work together, including in the construction of a joint-owned refinery and a controversial licence round.
BP has picked a Valaris rig to drill four wells offshore Egypt, starting late in the third or early in the fourth quarter of 2023.
Shelf Drilling has extended a contract with Chevron in Angola for the Shelf Drilling Tenacious.
Saipem has won three new drilling contracts in the Middle East, and two in West Africa, with a total value of $800 million.
Angola has exempted Chevron from complying with environmental policies, allowing it to dump oil waste directly into the ocean offshore Cabinda.
Seadrill has extended a contract for its Libongos drillship in Angola for another 12 wells, scoring a $402,500 per day rate.
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds.
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Zambia is in talks with Saudi Arabia to secure fuel supplies, while also seeking support from the International Monetary Fund (IMF).
Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years, according to the chairman of the government’s asset-management agency.
Saipem has won contracts under Angola’s New Gas Consortium (NGC), to develop new sources of feedstock for the Angola LNG (ALNG) plant.
Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
TotalEnergies has taken a final investment decision (FID) on Begonia, a field in Angola’s Block 17/06.