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Corporate News Gas Local

SonaGás Confirms Stable National Gas Supply and Operational Infrastructure in Angola

SonaGás Reaffirms Reliable Gas Supply Across Angola, Ensures All Facilities Remain Operational SonaGás, the gas and renewable energy subsidiary of Angola’s national oil company Sonangol, has assured the public of a stable and sufficient supply of liquefied petroleum gas (LPG) throughout the country. The announcement, made on Monday, comes amidst public speculation and concerns over gas availability in various regions. In an official press statement, SonaGás confirmed that it has adequate stock levels to meet

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Corporate News Gas Local Oil

Chevron Expands LNG and Deepwater Oil Operations in Angola

Chevron Advances Angola’s Gas and Deepwater Oil Development Energy giant Chevron continues to play a significant role in Angola’s growing oil and gas sector, focusing on expanding natural gas development and deepwater oil opportunities. The company’s efforts support Angola’s economic diversification and aim to strengthen its position as a key LNG exporter. Chevron’s involvement in Angola includes the Sanha Lean Gas Connection project, which began producing gas in December 2024. This project, led by Chevron’s

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Corporate News Local Oil

Agogo FPSO Begins Oil Production in Angola with 450M-Barrel Reserves

Angola Launches Production at Agogo FPSO, Aims for 175,000 Barrels/Day with First Carbon-Neutral Offshore Facility Angola’s Agogo Floating Production, Storage, and Offloading (FPSO) unit has officially commenced oil production, marking a significant milestone in the country’s energy sector. The project—operated by Azule Energy in partnership with Sonangol P&P and Sinopec International—is part of the larger Agogo Integrated West Hub (IWH) Project in Block 15/06 offshore Angola. With estimated reserves of 450 million barrels and a

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Corporate News Local Oil

Begónia Oil Project Adds 30,000 Barrels per Day to Angola’s Offshore Output

Angola Launches Production at Begónia Offshore Oil Project The National Agency for Petroleum, Gas and Biofuels (ANPG), TotalEnergies (the operator), and partners of the Block 17/06 Contractor Group have announced the start of oil production at the Begónia Project. The extracted crude will be processed via the FPSO Pazflor, located in Block 17, offshore from Angola’s Zaire Province. The Block 17/06 partnership includes TotalEnergies (30% operator interest), Sonangol EP (30%), SSI (27.5%), ETU Energias (7.5%),

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Local Economy News

SPACIUM Incubator Launches to Empower Angola’s Youth Entrepreneurs

Angola Launches SPACIUM Incubator to Support 150 Young Entrepreneurs Under SonaJovem 5.0 Program In a strategic move to empower young innovators, Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, officially inaugurated the SPACIUM incubator this Monday at the ISPTEC Campus. This state-of-the-art facility is designed to support young entrepreneurs by helping them transform promising ideas into sustainable businesses. The launch ceremony was attended by key government figures, including the Secretary of State for

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Corporate News Local Oil

Etu Energias to Launch Major Lubricants Plant in Luanda by 2026

Etu Energias to Build $24,000-Ton Lubricants Plant in Luanda, Creating Jobs and Reducing Imports by 2026 Etu Energias has announced the construction of a new lubricants manufacturing facility in Luanda, Angola. With a planned annual production capacity of 24,000 metric tons, the plant is expected to be completed within the first quarter of 2026. The facility aims to meet growing domestic demand, reduce dependence on imports, and create new employment opportunities. The future factory will

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Corporate News Local Renewable Energy

Masdar to Invest $2 Billion in Solar Energy Projects Across Angola

UAE’s Masdar to Build Solar Power Plants in Angola, Investing $2 Billion to Electrify 250,000+ Homes by 2027 Masdar, a leading renewable energy company based in the United Arab Emirates (UAE), is set to begin construction of photovoltaic power plants in Angola’s Huila and Namibe provinces next year. The initiative is part of a $2 billion investment to generate two gigawatts of clean energy in the country, according to a government statement obtained by VerAngola.

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Corporate News Local Mining Projects

Pensana’s Longonjo Rare Earths Mine Stays on Track as Coola Exploration Begins in Angola

Pensana Advances Longonjo Rare Earths Project in Angola, Launches Coola Exploration London-listed rare earths miner Pensana has announced that construction of its Longonjo mine in Angola is progressing on schedule and remains within the allocated capital budget of $217 million. In parallel, the company has commenced exploration activities at the Coola project, located approximately 40 km north of Longonjo. Main construction at Longonjo began in May 2025, following a series of preparatory site works that

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Local News Oil

Angola Cuts Oil-Backed Debt to China as It Shifts Toward Safer Financing Strategies

Angola to Reduce Oil-Backed Debt to China to as Low as $7.5 Billion by Year-End Amid Push for Financial Stability Angola’s oil-backed debt to China is projected to fall to between $7.5 billion and $8.0 billion by the end of 2025, according to Dorivaldo Teixeira, Director of the Debt Management Unit at the Ministry of Finance. This marks a continued decline from $10.15 billion at the end of 2024 and $8.94 billion at the end

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Corporate News Local Oil Petroleum

TotalEnergies Increases Angola’s Oil Production with Begonia and CLOV Phase III Projects

TotalEnergies Adds 60,000 Barrels Per Day to Angola’s Oil Production with New Offshore Projects TotalEnergies SE has expanded its oil production capacity in Angola by 60,000 barrels per day (bpd) with the launch of the Begonia and CLOV Phase III offshore projects. The Begonia project, located 150 kilometers off the Angolan coast, contributes 30,000 bpd from five subsea wells connected to the Pazflor FPSO (Floating Production, Storage, and Offloading) vessel. Notably, Begonia marks Angola’s first

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