SONILS Energy Capital & Power (ECP) is proud to announce that Emilio Costa, General Manager of Sonangol Integrated Logistics Services (SONILS), will deliver a keynote speech during this year’s Angola Oil & Gas (AOG) conference, taking place in Luanda from September 13-14. Costa brings a wealth of experience to the conference, having previously served as the General Manager of Puma Energy and Trafigura in Angola. His participation at the event is set to advance the
Energy Capital & Power (ECP) is proud to announce that Maggy Shino, the Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, will return to the Angola Oil & Gas (AOG) conference and exhibition as a speaker. Taking place from September 13-14 in Luanda, AOG provides a platform where Namibia and Angola can strengthen bilateral cooperation in the field of energy. Namibia has seen a wave of energy developments take off in the last two
Angolan oil production reached 35.631 million barrels in July, an increase of 2.023 million barrels compared to the previous month, as announced by the National Agency of Petroleum, Gas, and Biofuels (ANPG) in its monthly production summary released yesterday. In the month of July, from an expected production of 1,132,364 barrels of oil per day (bpd), Angola produced 1,149,393 bpd, surpassing expectations according to the hydrocarbon concession agency. The figures presented by ANPG indicate that
Journalists from various public and private media outlets in the province of Lunda-Sul were equipped with knowledge about the Kimberley Process (KP) on Saturday. The participants were informed about “Mastering the Kimberley Process certification system,” “Kimberley Process trends and current issues in review and reforms,” and “Statistics on global production and trade of rough diamonds: Angola’s position in the ranking.” On the occasion, Estanislau Buio, the Executive Secretary of the Kimberley Process Commission (KP), explained
The debt of 75 billion kwanzas in bonds issued on Monday by Sonangol in the national market will be used to pay suppliers and for investments, announced the President of the Board of Directors of the state-owned oil company during a press conference presenting the operation. He continued by saying that the amount is not sufficient to cover the company’s business needs, but it serves as a “trial balloon” to evaluate and help stimulate the
Catoca Mining Company has resumed diamond sales this month after temporarily suspending them due to a drop in prices in the international market. The company’s gemstone carat prices fell by 22 percent. The chairman of the company’s Management Council, Benedito Manuel, made this announcement. Quoted by RNA yesterday August 13th, Benedito Manuel added that sales are taking place on an experimental basis, given the precautions established to assess market trends. “We have not yet reached
Angola is accelerating efforts to stimulate Chinese investment into its energy sector through bids for new oil and gas projects. The move is poised to leverage China’s robust financial sector and attract additional capital and technological input into the southern African country’s energy sector development. With support from the Embassy of Angola in China, Angola is actively presenting opportunities to Chinese companies to participate in bidding opportunities for 12 major oil and gas blocks in
Sonangol is set to launch a bond issuance tomorrow August 15th, through which it will contract debt in the amount of 75 billion kwanzas with a maturity of five years (2023-2028), according to a statement released by the company on Friday. In the document, the oil company announces a Public Subscription Offering of bonds valued at 75 billion kwanzas, at a unit price of 10,000 kwanzas, corresponding to 10 million units at an interest rate
The Luele Mine, located in the Eastern region of the country, between the provinces of Lunda-Norte and Lunda-Sul, is expected to commence effective diamond exploration by the end of the year, as announced by the Minister of Mineral Resources, Petroleum, and Gas on Tuesday August 8th. While not disclosing the exact starting month for now, Diamantino Azevedo explained, in statements to the press at the conclusion of his assessment visit to the province of Lunda-Sul,
The National Agency for Oil, Gas and Biofuels (ANPG) has approved the work plan and budget for oil concessions, which includes several campaigns for preventive maintenance of equipment, with a focus on activities to be carried out on various oil platforms. Oil production comes from 16 concessions, 13 in the offshore maritime zone and three in the onshore land zone. The approved plan by ANPG outlines activities to be conducted on the platforms “GS –
