The National Oil, Gas and Biofuels Agency (ANPG) announced that it had maintained contacts with representatives of companies specializing in onshore oil exploration and production, in the city of Calgary, Canada, in meetings held to request investment in the Angolan hydrocarbon industry. the meeting took place on the 19th of this month, with the partnership of the Calgary Petroleum Club, with discussions focusing on the potential of the hydrocarbons sector within the framework of the
The company Oceaneering International announced the signing of two contracts worth 100 million US dollars for the provision of offshore support services, in oil and gas projects, in Angola and Guyana (overseas region of France on the Northeast coast of South America). According to news on the PetroAngola website, in the first contract, Oceaneerin will provide transport and installation services as part of the project to extend the useful life of the Girassol field offshore
ENDIAMA has held a meeting, last month in Dundo- Lunda Norte province, to take stock of the half-yearly diamond production of the mining companies operating in Angola. In addition to maximizing the exchange of experiences, the aim of the meeting was to evaluate the functioning and discuss the procedures applied by the diamond producing companies. The event was led by the Chairman of the Board of Directors of ENDIAMA- E.P, Ganga Júnior, and was also
The oil prices rose by more than one dollar on Tuesday 19th September 2023, in the fourth consecutive session of gains, against a backdrop marked by the fact that weak shale oil production in the United States is exacerbating concerns about supply due to prolonged production cuts by Saudi Arabia and Russia. Brent futures prices, a benchmark for Angolan sales, rose by 1.24 dollars or 1.31 percent, to 95.67 dollars per barrel at 2:08 PM
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
The prices of a barrel of oil are nearing $100 due to discouraging levels of shale oil production in the United States and increasing concerns about global supply shortages. For the fourth consecutive session of rising oil prices, the Brent crude oil barrel, which serves as a reference for Angolan exports, rose by 1.49% to $95.84. These prices come after a three-week recovery, both for Brent crude oil and WTI crude oil barrels, reaching ten-month
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
Angola has begun an ambitious infrastructure plan supported by regulatory reforms, investor incentives, and innovative public-private partnerships. These efforts aim to accelerate economic growth, improve transportation, raise energy security, attract international investment, and improve the livelihoods of the Angolan people. Below are the most anticipated infrastructure projects: The new Cabinda refinery in Angola is scheduled to begin production by the end of 2024. The project, which aims to reduce Angola’s dependency on imported refined products,
The oil industry exceeded expectations in August. Angolan oil production in August stood at 34.995 million barrels, with an average of 1.128 million barrels per day (bpd), which is 2.6 percent more than the 1.099 million bpd forecasted for that period, according to data available on the website of the National Agency of Petroleum, Gas, and Biofuels (ANPG). The numbers from the national hydrocarbon concessionaire also indicate that August production was 1.8 percent lower than
Senegal, which plans to start oil and gas production in 2024, is interested in acquiring Angolan expertise in the field of hydrocarbons, stated the Director of Exploration and Production of the National Oil Company of Senegal, PetroSen, in Luanda. Joseph Oufon Medou told the Jornal de Angola on the sidelines of the 4th Annual Oil and Gas Exhibition Conference (Angola Oil and Gas 2023), held in the capital of Angola last Wednesday and Thursday, that
