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Local Mining Projects Oil

Angola Advances Ornamental Rock Hub and Strengthens Mining and Oil Development in Namibe

Angola Boosts Namibe Mining and Oil Sector with Ornamental Rock Hub and Strategic Investments Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, is in Namibe for a working visit, focusing on the construction of the Ornamental Rock Development Hub and meetings with local mining industry leaders. The Ornamental Rock Development Hub, located 32 kilometers from Mocamedes, is progressing rapidly, just over six months after the foundation stone was laid. Minister Azevedo was joined

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Local Corporate News Oil

Eni CEO Highlights $5 Billion Investment in Angola and Future Growth Plans

Eni and Azule Energy Commit Billions to Angola Oil and Gas with Focus on Deepwater, Gas, and Clean Energy The CEO of Italian multinational oil company Eni announced that Azule Energy has already invested $5 billion (4.3 billion euros) in Angola and plans to invest additional funds over the next four years. Speaking at the 6th Angola Oil & Gas International Conference, Claudio Descalzi emphasized Eni’s pioneering role in deepwater operations and complex, market-oriented projects,

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Local Expos & Events Oil

President Lourenço Highlights Angola’s Oil Sector as Engine of Economic Growth and Energy Transition

Angola President Emphasizes Oil’s Role in Economy and Energy Transition at Angola Oil & Gas 2025 Conference Angolan President João Lourenço underscored the importance of oil for the country’s economy and development, stressing that hydrocarbon-producing nations have the right to continue developing their resources despite the global challenges posed by climate change. Speaking at the 6th Angola Oil & Gas 2025 International Conference in Talatona, Luanda, President Lourenço acknowledged the severity of climate change while

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Corporate News Local Oil

Afentra Strengthens Angola Presence as Key Partner of Sonangol and Expands Oil Production

Afentra Strengthens Angola Presence with Block 3/05 Stake, Driving 21,000 BPD Output Independent British oil exploration and production company Afentra has emerged as a major international partner of Sonangol, Angola’s national oil company, according to a statement from Afentra. “In the first half of this year alone, Block 3/05, where Afentra holds a significant stake, recorded an average gross production of over 21,000 barrels of crude oil per day. This confirms the rehabilitation potential of

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Corporate News Local Mining Projects

Pensana Appoints Karen Brown as COO to Drive Next Phase of Rare Earths Development

Pensana Names Karen Brown COO as Longonjo Rare Earths Project Advances London-listed Pensana, a company building a sustainable magnet metal supply chain, has appointed Karen Brown as Chief Operating Officer (COO), effective October 1. She succeeds Rocky Smith, who will continue to advise Pensana as part of the owner’s team for the Longonjo rare earths project in Angola. Pensana CEO Tim George praised Smith’s contributions over the past five years, noting: “Rocky’s expertise has been

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Corporate News Local Oil

Sonangol Confirms Exploration Plans for Block 24, Expands Angola’s Oil & Gas Development

Sonangol to Drill Exploration Well at Block 24, Driving Upstream Growth and Local Industry in Angola Sebastião Gaspar Martins, Chairman of Sonangol, has announced that the company plans to drill an exploration well at Block 24 in Angola. Located in the southern Kwanza Basin, Block 24 is a largely unexplored asset with significant hydrocarbon potential. Speaking during a fireside chat at the Angola Oil & Gas 2025 Conference and Exhibition, Gaspar Martins emphasized Sonangol’s ongoing

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Gas Local News

ANPG Confirms First Gas from Angola’s Offshore Block 1/14 Expected This Year

Angola’s Block 1/14 Set to Deliver First Gas in 2025 Angola’s national oil and gas concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), has announced that first gas from offshore Block 1/14 is expected in 2025. The announcement was made by Paulino Jerónimo, President of ANPG, during the opening day of the Angola Oil & Gas 2025 Conference and Exhibition in Luanda on September 3. “We anticipate first gas from the block this year

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Corporate News Local Oil

Azule Energy Ships First Oil from Agogo Integrated West Hub Offshore Angola

Azule Energy Begins First Oil Shipment from Agogo Integrated West Hub in Angola’s Lower Congo Basin The first cargo from the Agogo Integrated West Hub (IWH) development project, operated by Azule Energy in Block 15/06 in the Lower Congo Basin, offshore Angola, was officially shipped on Wednesday. Permission for shipping was granted by Angolan President João Lourenço during the opening of the Angola Oil & Gas 2025 Conference and Exhibition, with the ceremony presided over

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Local News Oil

Angola to Launch 2025 Oil Licensing Round Targeting Kwanza and Benguela Basins

Angola Announces 2025 Oil Licensing Round to Boost Exploration in Kwanza and Benguela Basins Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has announced that the country’s next oil licensing round will be launched by Q4 2025, offering acreage in the Kwanza and Benguela basins. Speaking during a Ministerial Fireside Chat sponsored by Vitol at the Angola Oil & Gas Conference and Exhibition 2025, Minister Azevedo emphasized that the round is part of

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Corporate News Local Oil

Red Sky Energy Advances Angola Block 6/24 Toward Appraisal Drilling

Red Sky Energy Targets Appraisal Drilling in Angola’s Block 6/24 After Resource Assessment Australian independent explorer Red Sky Energy has confirmed its next phase of activity in Angola, with plans to advance Block 6/24 toward appraisal drilling. The company acquired a 35% stake in the block in early 2025 and continues to develop exploration activities aimed at confirming commercial viability and preparing for full-scale development. Speaking at the Angola Oil & Gas (AOG) 2025 Conference,

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