Angola’s oil production is set to remain below the targets previously set by the Organization of Petroleum Exporting Countries (OPEC), contributing to the country’s decision to exit the organization in late 2023, according to the report The State of African Energy in 2025. The report highlights Angola’s departure from OPEC as a significant development, triggered by the allocation of a smaller production quota than the country intended. Angola’s oil output is projected to average just
A widespread power outage has left 11 provinces in Angola without electricity following an interruption in the North and Central Interconnected System. The blackout, which occurred on the afternoon of Monday, January 6, 2025, affected areas including Luanda, Bengo, Benguela, Huambo, and Bie, among others. According to a statement from the National Electricity Transmission Network (RNT), the outage disrupted electricity supply to more than 10 provinces. “At 2:42 pm, there was an interruption in the
Australian exploration and production company Red Sky Energy has solidified its entry into Angola’s oil and gas sector by finalizing a Risk Service Contract (RSC) for Block 6/24 in the Kwanza Basin. This milestone marks the company’s first venture into the resource-rich country. The agreement, signed on December 31, 2024, involves partnerships with Angola’s upstream regulator National Agency for Oil, Gas, and Biofuels (ANPG), Sonangol Exploração e Produção SA, and ACREP Exploração Petrolífera SA, granting
Angola accounted for 9% of the diamonds traded globally by countries participating in the Kimberley Process during the 2024 fiscal year, according to the National Commission’s (CNPK) Balance of Actions and Perspectives Report for the 2023/2024 Sector Development Plan. The report indicates that Angola sold 9,754,309.81 carats during the period, valued at $1.5 billion, with an average price of $157.06 per carat. The CNPK’s data shows that total global production for the same period reached
Angola and Oman have signed a landmark agreement and two memoranda of understanding (MoUs) to strengthen collaboration in the energy and mining sectors. The agreement, finalized during Angolan President João Lourenço’s official visit to Oman on December 19, grants Oman a stake in Angola’s Catoca and Luele diamond mines, two of the country’s significant mining assets. The first MoU establishes a framework for cooperation in energy development, while the second focuses on exploring strategic financing
Striving to boost natural gas production while maintaining crude output above one millionbarrels per day (bpd) beyond 2027, Angola has a strong project pipeline planned for 2025.Beyond oil and gas developments, the country seeks to diversify its energy matrix throughinvestments in green hydrogen and renewable energy. From FID to the start of operations to aninternational bid round and regulatory reform, 2025 promises to be an exciting year for Angola’senergy industry. 2025 Bid Round Angola will
Angolan upstream firm ACREP plans to commence oil exploration in the onshore Cabinda Norte Block in 2025, with the goal of determining the economic viability of the block. The company will conduct feasibility studies to assess the block’s potential production capacity following exploration. Since 1968, up to 20 wells have been drilled in the block, but bureaucratic challenges have hindered their development. ACREP’s Operations Director, Idonio dos Santos, stated that these challenges have now been
The Cabinda Gulf Oil Company (CABGOC), a subsidiary of Chevron, has successfully achieved first gas from its Sanha Lean Gas Connection project in Angola. Valued at $300 million, the project involves the development of a platform that connects to the Sanha condensate complex and features pipelines linking Blocks 0 and 14 to the Angola Liquefied Natural Gas (ALNG) facility and the Soyo power plant. The first phase of the project will deliver approximately 80 million
The long-standing electricity shortage on Mussulo Island in Luanda is nearing its end, as the Ministry of Energy and Water has announced the island will be electrified starting this Thursday. The rural electrification project faced delays due to technical challenges stemming from the island’s unstable terrain, which complicated the transport and installation of infrastructure. Despite these obstacles, the project is now set to connect Mussulo directly to the national electricity grid. This initiative will provide
Azule Energy, an Angola-based joint venture, has successfully finalized a farm-in agreement for Block 2914A in Namibia’s Orange Basin. With this transaction, Azule Energy now holds a 42.5% participating interest in the block, located offshore Namibia, an area known for significant hydrocarbon discoveries since 2022. The contracting group for Block 2914A now includes Rhino Resources Namibia Ltd. (Operator, 42.5%), Azule Energy Exploration Angola (KB) Ltd. (42.5%), Namcor Exploration and Production (10%), and Korres Investments (5%).
