The Minister of State for Economic Coordination of Angola, José de Lima Massano, and the Minister of Foreign Affairs of Brazil, Mauro Vieira, held a meeting last week as part of the G20 foreign ministers’ meeting, which has been taking place since Wednesday. fair, in Brazil. At the meeting, the two ministers discussed the expansion of commercial and economic cooperation, the opening of the Consulate General of Brazil in Luanda, which will represent the opportunity to
Helix Energy Solutions Group, an offshore energy service provider, has inked a deal with Esso Exploration and Production Nigeria (ESSO) for deepwater well intervention off the coast of Nigeria. Under the contract, Helix Energy will deploy its Q4000, a DP3 riser-based semi-submersible well intervention vessel, for operations in the Erha and Usan fields starting in September 2024. “We are delighted to secure this contract for the Q4000, aiming to enhance our partnership with Esso and
African energy stakeholders are advocating for diversified energy development that includes fossil fuels, despite Western demands for decarbonization. Speaking in London last week, a panel of energy firms and financial institutions called for an influx of global capital, technology and expertise in helping Africa to sustainably develop its resources, rather than dictating its resource development strategy. “The collaboration we need on a global level is coming together on the funding, knowledge and technology side –
As the continent’s largest trading partner, China has played an active role in harnessing Africa’s energy resources and developing critical infrastructure to date. As the country seeks to secure future energy supplies – as well as foster regional diplomacy in the Global South – China has expanded its stakes in strategic, integrated oil and gas developments across the continent. Uniting global investors, suppliers and service providers from the East and West, the Invest in African
Etu Energias Distribuição is gearing up to unveil its latest line of lubricants on March 6th, aligning with its mission to fuel the country’s growth and invigorate the Angolan market. The launch event aims to educate consumers about the benefits of lubricants, with specialized technicians delivering presentations highlighting the diverse range of products available and their advantages. As a leading energy operator, Etu Energias is committed to various facets of the petroleum industry, including import,
The upcoming 5th edition of the International Conference “Angola Oil & Gas – AOG/2024” is poised to bolster the oil industry and national economy, stated Alexandre Barroso, Secretary of State for Oil and Gas, during a press briefing in Luanda last Tuesday. Scheduled for October 2nd and 3rd, the conference’s theme, “Boosting Exploration and Development to Increase Production in Angola,” underscores the imperative of addressing production decline through enhanced exploration efforts. Barroso emphasized the sector’s
OPEC+ plans to extend voluntary cuts in oil production until the second quarter, three sources from the organization told Reuters. According to the British news agency, two of the sources also said that the group could keep the cuts in force until the end of the year. Last November, the Organization of Petroleum Exporting Countries and allies led by Russia agreed to voluntary cuts totaling about 2.2 million barrels per day (bpd) for the first
The Minister of Planning, Victor Hugo Guilherme, and the Regional Director of the World Bank for Angola, DRC, São Tomé and Príncipe and Burundi, Albert Zeufack, met, on Monday, in Luanda, for the calendar and program of reforms of the second budget support operation. During the meeting, those responsible also discussed the launch of the preparation of the new cooperation framework between the World Bank and the Government of Angola for the period 2024-2029 and
The Republic of the Congo is preparing to make its first LNG shipment from its Tango FLNG facility. The cargo is currently being loaded and will be delivered to the Piombino regasification terminal in Italy in the coming days. The announcement was made by energy supermajor Eni on February 27 during a launch ceremony in Pointe Noire in the presence of the Republic of the Congo’s President Denis Sassou N’Guesso, Minister of Hydrocarbons Bruno Jean-Richard
TAAG Angola Airlines and Network Airline Management are pleased to announce the renewal of their long-term freighter aircraft contract, sealing their ongoing partnership for the foreseeable future. Resuming its regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, NAM provides a Boeing 747-400F aircraft with nose door capability offering up to 120,000 kilos cargo capacity. The weekly freighter will operate every Friday directly to the newly opened Dr. António Agostinho Neto
