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Category: Energy

Energy Gas Mining

Saipem Wins $900 Million Contract in Angola

Angola’s New Gas Consortium – comprising Azule Energy, Chevron, Sonangol and TotalEnergies – has awarded Italian multinational oilfield services company, Saipem, three engineering, procurement and construction (EPC) contracts. The contracts are for the development of the Quiluma and Maboqueiro (Q&M) fields located in the Lower Congo Basin, offshore Angola. The one onshore and two offshore contracts, estimated at a total $900 million, will see Saipem conduct EPC work including hook-up and commissioning assistance for the Quiluma platform.

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Oil Energy Mining

Angola to start talks on trade deal with EU in bid to diversify from oil

Angola and the European Union are set to start talks for a trade deal this year after EU and African partners approved a request from the oil-producing nation to join a regional trade bloc, according to an EU document and an official. The green light to start negotiations came in late July, an EU document shows, shortly before the southern African country holds general elections next week. “We are now in a position to open

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Oil Energy Gas Renewable Energy

International Energy Companies in Angola, Nigeria Illustrate Importance of Creating Enabling Environments (By NJ Ayuk)

Last fall, I wrote (https://bit.ly/3zPqScP) about the importance of African governments doing everything they could to encourage international oil companies (IOCs) to continue operating in their countries. IOCs play an important role in supporting economic growth, job creation, capacity building, and knowledge sharing. Currently, two IOCs in particular — Azule Energy in Angola and Shell Petroleum Development Corporation of Nigeria (SPDC) — have tremendous promise to deliver those benefits on a long-term basis. Azule Energy,

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Energy

Power from the public grid arrives at the Port of Lobito container terminal

The container terminal in the Port of Lobito is, since last Monday, benefiting from energy from the public grid, with the entry into operation of an energy transformation station. This station, which started eight years after it was inaugurated, has a capacity of 15 kilovolts and will ‘illuminate’ the light poles to simplify work at night. In addition, it will also make the heaviest cranes work. This equipment had an investment of around 65 million

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Energy Infrastructure

AFC expands Angola investment to potential $1 billion across commodities, rail and power

Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation as a shareholder and its 35th member state. With Angola’s natural resources in high demand as Europe seeks alternative sources of fuel and foodstuff in the wake of the Ukraine-Russia crisis, the partnership with AFC will help to drive the nation’s next growth and development phase, said Finance Minister Vera Daves. ”Membership of AFC

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Energy

Energy transition: country can save 275 million liters of diesel per year

According to the Minister of Energy and Water, João Baptista Borges, the replacement of thermal energy by solar energy represents a saving of 275 million liters of diesel per year for the country. The head of the Energy portfolio spoke to the press at the inauguration of the Biópio photovoltaic power plant, in the municipality of Catumbela, in the province of Benguela. The Biópio photovoltaic plant, as well as the Baía Farta plant, inaugurated this

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Energy

MCA company participates in the energy matrix modernization program

MCA Group is strongly committed to carrying out its strategy of consolidating Angola’s new energy matrix, which will allow the installation of seven photovoltaic parks in six provinces in the south of the country. Through Data consulted Angola indicate that the Portuguese company takes an effective role in promoting green energy and environmental sustainability. of solar resource in Angola, with an average annual global radiation in horizontal plane between 1370 and 2100 kWh/m2.  Based on

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Energy

João Lourenço inaugurates photovoltaic parks that will provide electricity to 1.5 million people

The first photovoltaic plants in the country, developed by a consortium that integrates the Portuguese group MCA, were inaugurated this Wednesday in Benguela and will produce electricity to supply 1.5 million people, according to the Ministry of Energy and Water. The plants were inaugurated by the President of the Republic, João Lourenço, who arrived this morning in Benguela, for a visit of a few hours. The photovoltaic parks, located in Biópio and Baía Farta, in

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Energy

Solar plants will replace thermal sources of energy production

The Minister of Energy and Water, João Baptista Borges, assured, Wednesday (20), in Benguela, that the solar plants will replace the thermal sources of energy production. “In this way, we will save 275 million liters of fuel per year, which represents, in financial terms, about 85 million dollars annually”, he said. The country’s first two solar power plants, inaugurated yesterday by the President of the Republic, João Lourenço, in Biópio and Baía Farta, will benefit

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Energy

Trelleborg completes remote installation for deepwater energy project

 Trelleborg Marine and Infrastructure has completed the remote installation of its SafePilot Offshore technology for a deepwater oil & gas project in Angola, the company announced 19 July.  The work was part of an upgrade of the navigation and positioning systems and buoy monitoring systems to a floating production storage and offloading unit (FPSO). To create more remote operations for its offshore assets, the FPSO operator required support for the installation, data integration, software uploading

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