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Category: Oil

Local Energy Oil Petroleum

Block 15 Set to Achieve Daily Production Milestone of 30,000 Barrels in 2024

Block 15, marking 20 years of operation in Angola, aims to achieve an average production milestone of 30,000 barrels per day in the coming year, announced Melissa Bond, ExxonMobil’s General Director. Situated about 145 kilometers off the Zaire province coast, Block 15 has seen significant success, reaching an accumulated production of 2.5 billion barrels since its discovery in April this year. ExxonMobil’s investments exceeding $30 billion have resulted in 18 commercial discoveries within the block,

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Local Diamonds Gas Mining Oil

Mining sector sees Potential of Cuanza-Sul

The copper and diamond mines in Cuanza-Sul province hold the potential to amplify local mining operations and broaden the avenues for wealth creation. This vision was emphasized recently by João Chimuco, the Executive Administrator of the National Mining Resources Agency. During his recent visit to Sumbe, the capital of Cuanza-Sul province, João Chimuco emphasized the necessity for collective involvement to effectively translate potential wealth into tangible resources. Following a courtesy meeting with the vice-governor for

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Gas International Oil Petroleum

Dangote Unveils 300,000-Barrel Daily Refinery License

African billionaire, Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and will commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” the billionaire said in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable. “We’re more than ready and you will see our gasoline products soon.” The

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Gas International Oil Petroleum

Activists Call for Funding Freeze on TotalEnergies’ Mozambique Project

Environmental lobby groups have sent a letter urging banks and other financiers to withdraw their support for TotalEnergies’ $20 billion liquefied natural gas (LNG) terminal in Mozambique. The letter, sent to over two dozen project funders, coincides with a crucial moment for the French energy company as it readies to resume Africa’s largest foreign direct investment project. Activists caution that the project may exacerbate climate change and contribute to human rights abuses in the impoverished

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Gas Local Oil Petroleum

ASSEA and Muhatu Energy Launch ‘Ubuntu’ Internship to Boost Women in Angola’s Oil Sector

The Association of Autochthonous Companies for the Oil Industry of Angola (ASSEA), in collaboration with the Muhatu Energy Angola (MEA) platform, is set to unveil the ‘Ubuntu’ internship program in Luanda. The initiative aims to provide final-year students of technical-professional courses with a hands-on experience in a real work environment. Designed to prioritize gender diversity, the program is exclusively tailored for female students. Currently, women constitute only 22 percent of the total workforce in the

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Energy Local News Oil Petroleum

Afentra Secures Angola’s Approval for Block Acquisitions from Sonangol

Independent energy company Afentra has received approval from Angola for the acquisition of stakes in Block 3/05 and Block 23 from the country’s National Oil Company Sonangol. Under the agreement, which is pursuant to a sale and purchase agreement between Sonangol and Afentra through its wholly-owned subsidiary Afentra (Angola), the company will acquire a 14% interest in Block 3/05 and a 40% stake in Block 23, offshore Angola. Afentra is also working with Sonangol to

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Gas International Oil Petroleum

88 Energy Acquires Working Interest Onshore Namibia

Oil and gas exploration company, 88 Energy, has signed a farm-in agreement with Monitor Oil and Gas Exploration – a subsidiary of U.K. private exploration company, Monitor Exploration – to earn up to a 45% non-operated working interest in Namibia’s onshore Petroleum Exploration License (PEL) 93. The activity program for the three-stage agreement will involve the acquisition of approximately 200-line-kilometers of low-impact 2D seismic data in mid-2024, along with a potential initial exploration well targeting

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International News Oil

TotalEnergies Joint Venture in Nigeria Achieves Remarkable Recovery, Restoring 275,000 bpd Production

Nigeria’s state oil firm, NNPC Ltd, announced on Sunday that it successfully restored 275,000 barrels per day (bpd) of oil production at its joint venture unit with Total Energies (TTEF.PA) following the resolution of an industrial dispute with workers. In a statement, NNPC disclosed that an agreement to suspend the industrial action had been signed among TotalEnergies, the Petroleum and Natural Gas Senior Staff Association, and the Nigerian Union of Petroleum and Natural Gas Workers.

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Economy Local News Oil

Azule Energy Pioneering Oil Firm Embraces Cutting-Edge Technology

Azule Energy has recently commenced the construction of the FPSO Agogo, which will feature a Carbon Capture and Storage Unit (“CCS”), to be installed in the offshore Block 15/06 in Angola. According to a statement sent to the Jornal de Angola, the construction of the facility is being undertaken by the company “Yinson Production,” specializing in FPSO leasing. This marks the world’s first post-combustion carbon capture unit installed on board an FPSO, designed on a

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International News Oil

Completion of Africa’s Largest Oil Refinery Delayed by Several Months

The full ramp-up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a long way off. The Dangote plant in Nigeria just concluded a deal to receive six million barrels of crude from December, an indication that commercial activity is close to getting underway. However, the facility is still several months from full-scale production of fuels, including high-quality gasoline, according to analysts tracking the refinery’s

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