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Category: Gas

Gas Oil

ANPG and TotalEnergies signed contracts for onshore exploration of eight blocks

The national oil concessionaire, TotalEnergies and the associates of Block 48 signed this Thursday, in Luanda, contracts for the exploration of three blocks in the Congo onshore Basin and another five in the Kwanza onshore Basin. At the ceremony, the president of the National Agency for Petroleum, Gas and Biofuels (ANPG), Paulino Jerónimo, stressed that the signing of the contracts is the culmination of a long negotiation process. Paulino Jerónimo “strongly” congratulated the investors, partners

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Gas Oil

ANPG and Total announce first development of ‘Begonia’ in Block 17/06

The final investment decision for the Begónia Development Area, located in the Lower Congo sea basin, about 150 kilometers off the Angolan coast, has already been taken. The information is provided by ANPG, TotalEnergies and the partners in Bloco 17/06. The Begónia reservoir will be developed through five subsea wells (three for production and two for water injection), connected to the floating production, storage and offloading unit FPSO Pazflor, in production since 2011 in Block

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Gas Oil

Closed deals. Gas exploration in the Quiluma and Maboqueiro fields starts in 2026

Negotiations for the start-up of the new gas consortium in Angola were closed. According to an announcement by the National Oil, Gas and Biofuels Agency (ANPG) and Eni, the New Gas Consortium (NGC) has closed the Final Investment Decision for the Quiluma and Maboqueiro gas project, whose gas exploration will start in 2026. “The National Oil, Gas and Biofuels Agency, Eni and the partners of the New Gas Consortium (Chevron, Sonangol, BP and Total) inform

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Gas

Angola pocketed 1.1 billion dollars in gas exports in the second quarter of this year

Angola pocketed 1.1 billion dollars in the second quarter of this year, with the export of one million metric tons of gas, 6.63 percent less compared to the same quarter of 2021, according to official data. According to the Balance of Crude Oil and Natural Gas Exports for the second quarter of 2022, presented this Tuesday by the Ministry of Mineral Resources, Oil and Gas, gas exports in the second quarter of this year represented

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Oil Gas International

Top Five Oil Rigs Operating in Africa

With targets currently in place to meet a larger share of the global market, Africa’s top oil producing countries are seeking solutions to increase investment in the oil sector and tap into the continent’s 125.3 billion barrels of oil reserves. Taking advantage of Africa’s vast resources has been a top priority for some of the continent’s largest oil producers, with the industry relying heavily on the performance of high-quality oil rigs – platforms that are

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Gas International

Angola saves 300 million a year on gasoline imports with Luanda refinery

Angola will save around 300 million dollars annually on gasoline imports, with the quadrupling of this oil derivative at the Luanda refinery. The new gasoline production complex at the Luanda refinery, an investment of 235 million dollars by state oil company Sonangol, was inaugurated last week Friday by President João Lourenço. According to the chairman of Sonangol’s Board of Directors, Gaspar Martins, the new gasoline production complex will reduce imports of this fuel by 15

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Gas

Luanda refinery starts producing 1,580,000 liters of gasoline/day

The Gasoline Production Complex of the Luanda Refinery will start, as of this Thursday, to produce 1,580,000 liters of gasoline/day, as opposed to the current 395,000 liters, which corresponds to a reduction of around 15% in the annual fuel imports in the country. The new refining unit allocated to Sonangol, expanded with the aim of increasing gasoline production in the country, will be inaugurated by the President of the Republic, João Lourenço. The development also

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Gas Oil

Angolan President inaugurates the Petrol Production Complex of the Luanda Refinery

The President of the Republic, João Lourenço, will proceed, this Thursday, to the inauguration of the new Gasoline Production Complex assigned to the Luanda Refinery. The start of this project will make it possible to improve the quality of gasoline, but also to increase production capacity from 395,000 to 1,580,000 liters per day. According to a statement from the Ministry of Mineral Resources, Oil and Gas, to which VerAngola had access, the start-up of the

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Oil Gas Petroleum

ANPG predicts investments of 66 billion dollars in the oil sector over the next five years

The National Agency for Petroleum, Gas and Biofuels (ANPG) forecasts a turnover in the oil sector, for the next five years, of around US$66 billion. This forecast includes the extension of production licenses already signed between ANPG and the operators, namely in Blocks 15, 17, 18 and also in Block 0, as well as activities related to the exploration and development of oil projects and operational and administrative. If confirmed, this forecast translates into an

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Energy Gas Local Oil

TotalEnergies Invests $850 Million in Angolan Project

Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola.  The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures.  Situated approximately 150km off the Angolan coast in the

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