Category: Corporate News

TotalEnergies Extends Angola Block 32 Production Agreement to 2043 Under New Investment Framework TotalEnergies has secured a long-term extension to continue developing Angola’s Block 32 offshore oil assets through 2043, adding 17 years of additional production and investment activity in one of the country’s key deepwater regions. The agreement was confirmed by Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) following the signing of a framework deal in Luanda after negotiations that continued through

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Afentra Maintains Angola Growth Strategy After Sale Talks End Afentra is continuing its oil exploration activities in Angola after ending discussions with potential buyers earlier this month, according to CEO Paul McDade. McDade said the company’s outlook is being supported by stronger oil prices, driven in part by geopolitical tensions involving Iran and disruptions affecting shipping routes through the Strait of Hormuz. He noted that these market conditions reinforce Afentra’s development plans in Angola, one

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Angolan President João Lourenço Says OPEC Exit and Lobito Refinery Strategy Were Vindicated by Middle East Crisis Angolan President João Lourenço said on Wednesday that the ongoing conflict in the Middle East has reinforced the correctness of Angola’s decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and resume construction of the Lobito refinery. The head of state made the remarks while answering journalists’ questions at the Presidential Palace in Luanda, following

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Angola’s Block 2/05 Boosted as ANPG and Etu Energias Confirm Successful Espadarte 7ST2 Well Completion and Strong Oil Output The National Agency for Petroleum, Gas and Biofuels (ANPG), in partnership with Etu Energias and other stakeholders of Block 2/05, has announced the safe and successful completion of drilling, completion, and testing operations of the Espadarte 7ST2 (ESP 7ST2) well, located in the Lower Congo Basin, Angola. According to a statement from Etu Energias accessed by

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ExxonMobil Awards Major Subsea Contract to Boost Production and Extend Life of Angola’s Block 15 Oil Field Angola’s Block 15, one of the country’s largest offshore oil-producing assets, is entering a new phase of redevelopment as ExxonMobil moves to extend the field’s operational lifespan and sustain production levels. The U.S. energy company has awarded an engineering, procurement, construction, and installation (EPCI) contract to the Subsea Integration Alliance (SIA) for the Redevelopment 2.0 Likembe project. The

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