Standard Bank of Angola (SBA) and Azule Energy, a consortium that brings together the Angolan assets of the Italian Eni and the British BP in the Energy sector, announced that they had signed, on Monday 11th December , a protocol for the allocation of a set of benefits for the energy company’s staff, with a focus on housing credit. The president of the Board of Directors of the SBA, Luís Teles, indicated in a note
The Ministry of Mineral Resources, Oil, and Gas convened a crucial seminar in Moçâmedes since Monday December 11th, focusing on investment prospects within Namibe province’s sector. Notably, this gathering anticipates the imminent commencement of offshore oil exploration. Under the theme “Sustainable Exploration of Mineral Resources, Oil, and Gas,” the seminar concludes today following comprehensive presentations on the province’s potential. The agenda featured an exhibition spotlighting equipment crucial for preventing and managing oil spills during exploration.
Official data from the Spanish energy regulator, CORES, as reported by Bloomberg, reveals a substantial spike in Angola’s oil imports in October, hitting the highest volume since August 2018. This surge saw imports doubling compared to the same period in 2022, reaching a notable 548 thousand tons. Brazil, maintaining its stronghold as Spain’s primary oil provider for the fourth consecutive month, outpaced the United States in October. Post-Brazil, the most significant oil suppliers to Spain
French multinational energy corporation, TotalEnergies, signed a cooperation agreement with Angolan national oil company (NOC), Sonangol, during COP 28 in Dubai to support the detection and reduction of methane emissions in Angola’s oil and gas industry. The agreement enables Sonangol to utilize TotalEnergies’ Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology – a miniature dual sensor capable of detecting methane and carbon dioxide emissions. Developed by the French major alongside partners Centre national de la
International design and engineering firm, Dar Al-Handasah, entered into a Memorandum of Understanding (MoU) with Sun Africa, a utility-scale renewable project developer and off-grid solution provider, on December 6 at COP28. Under the terms of the MoU, Dar Al-Handasah will offer comprehensive technical support, including design, project management and construction supervision, for Sun Africa’s projects. The collaboration will initially span projects in Angola and Nigeria, with potential expansion across Africa, the Middle East and other
The Gas Reception and Distribution Unit (URDG) of the Falcão project’s Phase 2, located in Zaire province’s municipality of Soyo, is set to be inaugurated on December 14th by the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo. URDG’s primary objective is to receive and process natural gas from the Angola LNG plant, catering to various end users such as power generation, fertilizer factories, and petrochemicals. Moreover, this facility aims to expand the industrial
Azule Energy, an Angolan company, has recently become a signatory to the Global Oil and Gas Decarbonization Charter (OGDC), aligning with efforts aimed at advancing climate action within the oil sector. The OGDC Charter was unveiled during COP28, the International Climate Summit, held in the United Arab Emirates from November 30th to December 12th. With over 50 companies on board, representing 40% of global oil production, this initiative has seen National Oil Companies (NOC) comprising
The Government recently concluded an auction, gathering $18.2 million from the sale of eight diamonds. Attended by 25 companies from key diamond markets worldwide, the event saw special productions from various mining companies like Lulo, Somiluana, Chitotolo, and Uari. Originally set to tender 20 stones, the auction featured only 12, with Sociedade Mineira do Uari withdrawing eight stones from the bid. These diamonds, totaling 646.52 carats, were evaluated during sessions at Sodiam’s Luanda facilities. Eventually,
Renewable energy company, Masdar, has signed an agreement with Angola’s Ministry of Energy and Water to develop a 150 MW solar photovoltaic (PV) plant in southern Angola. The solar plant will provide renewable energy to approximately 90,000 homes and is expected to create up to 600 jobs. Announced on December 1 during the COP28 Summit in Dubai, the agreement was signed between Angola’s Minister of Energy and Water, João Baptista Borges, and Masdar CEO, Mohamed
Consultancy firm BMI Research anticipates a 1.7 percent drop in oil production for Angola in 2024, projecting a decrease to 1.16 million barrels per day, in contrast to a 2.5 percent expected rise in sub-Saharan Africa’s overall production. Their report on hydrocarbon production in the region indicates an estimated 2.5 percent increase in crude and natural gas production in sub-Saharan Africa, supported by new wells in Nigeria, the onset of production in Senegal, and ongoing
