To alleviate the consequences of removing the petrol subsidy, the federal government has announced its intention to temporarily exempt diesel from value-added tax (VAT) for the next six months. Femi Gbajabiamila, the Chief of Staff to President Tinubu, revealed this development as part of the waivers from the resolution reached between the Federal Government and leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the end of a four-hour meeting held
Oil and gas supermajor TotalEnergies has finalized the sale of a 40% stake in Block 20 – situated in the Kwazna Basin, offshore Angola – to global energy group, Petonas, for $400 million. Following the transaction, TotalEnergies will retain operatorship of the block and a 40% interest in the concession. Petronas will own a 40% stake while Angolan National Oil Company, Sonangol, will hold its 20% stake in the block. TotalEnergies is pleased to welcome
The global energy company (ENI) announced in Luanda that it will make a $1 billion investment for the development of non-associated gas in Angola, its managing director, Guido Brusco, has said. Non-associated gas is free of oil and water in the reservoir, and its concentration is predominantly in the rock layer. According to the director of the Italian energy company, who was speaking at the 4th edition of the Angola International Conference and Exhibition “Oil
Angola’s premier event for the oil and gas sector, the Angola Oil & Gas (AOG) Conference and Exhibition, took place in Luanda from September 13-14. Hosted in partnership with Angola’s Ministry of Mineral Resources, Oil and Gas, the African Energy Chamber, Sonangol, and the IRDP, the event was a resounding success, achieving several milestones. VIP Speakers Spearhead Discussions AOG 2023 featured keynote addresses and presentations from a distinguished lineup of government officials, global energy major
As the energy industry undergoes transformative changes, organizations, government bodies, and companies are actively advocating for enhanced participation of youth in the sector. Concluding the second day of the Angola Oil & Gas (AOG) 2023 conference, a panel of Angolan energy leaders emphasized the central role that youth play in transforming the dynamic energy sector, integrating innovation and technology that will be instrumental in creating a strong, resilient energy sector. Ahead of the panel, Abel
The second day of the Angola Oil & Gas (AOG) 2023 conference and exhibition featured the signing of a partnership agreement between the environmental management company, Ambipar, and the energy company, Kini Energias. Signed by Rogério Calderaro, CEO of Ambipar, and Bráulio Brito, Managing Partner for Kini Energias, the services covered by the agreement will include the installation of an industrial unit for the assembly and testing of waste suction equipment and for the control
Angola commemorated the Organization of Petroleum Exporting Countries (OPEC) and renewed its commitment to market stability on the second day of the Angola Oil & Gas 2023 Conference & Exhibition, which coincided with the 63rd anniversary of the organization that was founded on September 14, 1960, in Baghdad. OPEC plays a crucial role in stabilizing the oil market, fostering coordination and unity among petroleum producers. Angola, an OPEC member since 2007, has benefited from OPEC’s
The higher gasoline and diesel prices pushed U.S. inflation higher in August, prompting the White House to reach out to the oil and gas industry to ensure stable supply. Consumer prices in the United States rose by the most in 14 months, Reuters, although the annual increase was a modest one. The big driver behind the price surge was gasoline. The price of the most popular passenger car fuel rose by a significant 10.6% last
The Minister of State for Economic Coordination, José de Lima Massano, reiterated Angola’s commitment to reducing greenhouse gas emissions on Wednesday in Luanda. “We have a firm commitment to this reality, but we continue to make the necessary investments to ensure that natural resources, including petroleum resources, can continue to be exploited,” said José de Lima Massano during his opening speech at the 4th Angola Oil & Gas Conference, which is taking place from today
The ministers of petroleum from five countries and officials from leading organizations and multinational corporations in the sector are currently meeting at the Talatona Convention Center in Luanda for the 4th Angola Oil&Gas Conference, focusing on discussions about energy security, decarbonization and sustainable development. In addition to the host country’s representative, Minister Diamantino Azevedo, the event includes the heads of hydrocarbons, petroleum, and mineral resources ministries from Equatorial Guinea, which also presides over the Organization
