The National Agency of Petroleum, Gas and Biofuels (ANPG), as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, made known, at the end of March of this year, which on September 30, 2023, will proceed with the Launch of the Tender for the Attribution of Petroleum Concessions of Bid 2023, for the oil exploration of the Onshore Basins of the Lower Congo
Aircraft refueling on Angolan soil got cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 30 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of April, the Adjustment Reference Price – Platts (PRA) is now
Oil prices rose, this Monday 3rd April, after several exporting countries announced a cut in production in May, presented as a “precautionary measure” to stabilize the market. At the opening of Asian markets, the price of a barrel of North American WTI rose 5.74% to $80.01 and a barrel of North Sea Brent rose 5.67% to $84.42. The cut announced on Sunday by Iraq, Algeria, Saudi Arabia, the United Arab Emirates (UAE), Oman and Kuwait
Brent prices (reference oil for Angolan sales) for delivery and May ended the week accumulating losses of 12.45 percent, under the influence of market fears about the future of the financial sector after the collapse of Silicon Valley Bank (SVB) and Signature Bank, as well as the Credit Suisse liquidity crisis. Last week, Brent ended the day down 2.32 percent to trade at $72.97 a barrel, while West Texas Intermediate (WTI, the benchmark for the
The Norwegian company that provides maintenance services for oil tanks, Dof Subsea Angola, has announced for the next few days the hiring and training of around 40 young technicians who have recently graduated and have no professional experience, as part of a partnership with two Angolan universities. The information was advanced last week, in a press conference, by the Executive Vice President of DOF for Africa and Europe Jan-Kristian Haukeland, noting that 50 percent of
The information was provided by the President of the National Petroleum and Biofuel Agency, Paulino Jerónimo, at the signing ceremony of the Memorandum of Understanding between ANPG, Sonangol P&P and ExxonMobile, regarding Blocks 30, 44 and 45 of the Namibe Basin. Paulino Jerónimo said that in the event of a commercial discovery in the aforementioned well, it is estimated that investment of US$15 billion will be invested in the evaluation and development of the large-scale
Last month, Angola produced a daily average of 1.06 million barrels of oil per day (bpd), against the 1.14 million forecast, according to the document. The numbers are lower than January’s performance, when Angolan crude production stood at 34.29 million barrels, at an average of 1.106 million bpd, against 1.197 million forecast. It should be noted that, although the ANPG did not list the causes of the contraction in oil production in February, the reduction
The AEC believes The Sentry’s report is a classic case where there is a sinister rush to judgment, an obsession to taint an African Energy Company, Trinity Energy and the South Sudan oil industry The African Energy Chamber rejects the accusations made by The Sentry as misleading, disrespectful, and unfair to South Sudan and Trinity Energy. The AEC believes The Sentry’s report is a classic case where there is a sinister rush to judgment, an
Thierno Seydou LY, Director General for Senegalese national oil company (NOC), Petrosen, will participate at the 2023 edition of the MSGBC Oil, Gas & Power conference and exhibition as a keynote speaker. During the event, Seydou will share the NOCs action plan for the upstream sector following the milestone of first oil and gas production, expected late 2023, as well as insight into progress made regarding local content, gas-to-power and other investment opportunities across the Senegalese
Since the first edition of Angola Oil & Gas in 2019, the conference and exhibition has hit several milestones Representing the country’s premier event for the oil and gas sector, the Angola Oil & Gas (AOG) conference and exhibition has celebrated several major milestones since the first edition took place in 2019. Organized by Energy Capital & Power (ECP), AOG serves as the official meeting place for Angola’s energy sector. The event has kickstarted a new
