Afentra plc (AIM: AET), the upstream oil and gas company with a focus on African assets, has officially been awarded the KON 19 onshore license in Angola, further cementing its strategic footprint in the region. The formal agreement, signed with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), follows the initial announcement made on […]
TotalEnergies, in partnership with Petronas and Sonangol, has announced the Final Investment Decision (FID) for the Kaminho deepwater project aimed at developing the Cameia and Golfinho fields located 100 km off the coast of Angola in 1,700 m water-depth. This offshore oil project, the first large deepwater development in the Kwanza basin, marks a significant […]
Afentra plc, the upstream oil and gas company focused on strategic opportunities in Africa, has announced a significant advancement in its Angolan operations. The Government of Angola has granted approval for Afentra plc’s acquisition of interests in two key oil blocks from Azule Energy Angola Production B.V. This approval marks a critical step for Afentra […]
PGS, a leader in seismic exploration technology, has initiated a comprehensive depth reprocessing project of the ANG Block 16 MC3D GeoStreamer dataset in Angola’s Lower Congo Basin, targeting deeper exploration prospects. Set to deliver final results in Q3 2024, this initiative marks a significant step in revitalizing deepwater exploration in the region. Exploration Revival in […]
Petro Services and its primary subcontractor, Ocean Installer, have announced a significant contract award from TotalEnergies EP Angola and its Block 17 partners. The deal price for this project is undisclosed. The contract involves the execution of an umbilical recovery and reinstallation scope on the Pazflor Floating Production Storage and Offloading (FPSO) vessel. Notably, this […]
Aker Solutions has secured a significant contract from Azule Energy for providing subsea umbilicals for the latter’s Ndungu project in Angola. The contract includes the supply of eight infield umbilicals, along with spares, totaling over 25 kilometers. The execution of the project, encompassing the engineering and manufacturing aspects, will commence at Aker Solutions’ facilities in […]
The Cabinda Oil Refinery project in Angola has reached its financial close, thanks to Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC), and African Export-Import Bank (Afreximbank). This project, valued at $473 million, includes US$138 million of equity provided by the project sponsors and a $335 million project financing facility led by Africa Finance Corporation, […]
Minbos Resources has confirmed the commencement of the Cabinda Phosphate Fertilizer Plant construction in Angola with the signing of a $4.25 million engineering, procurement, and construction management (EPCM) contract. The contract was secured with Brazil’s EPC Engenharia and its Angolan branch, EPX Angola, on 14 June 2023, formalizing the engagement that started last year with […]
Maersk Supply Service has bagged an integrated marine services contract from Esso Angola pertaining to Block 15 in Angolan waters. The Danish marine services provider will be responsible for project management, engineering, and marine services for supporting the development of offshore drilling and production operations in the offshore block. In this regard, Maersk Supply Service […]
Sonadrill Holding, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has bagged a contract for the West Gemini drillship in Angola from an undisclosed customer. The contract is for drilling 10 wells with options for up to an additional eight wells. The firm part of the contract is worth around $161 million, […]