The Minister of Mineral Resources, Petroleum, and Gas (MIREMPET), Diamantino Azevedo, encouraged operators to invest more in the petroleum sector in Luanda. One of the important indicators, he explained, for us to assess the work in exploration is the number of drilling rigs. We want to see more rigs drilling the Angolan soil next year, which is a challenge to all who can take advantage of the opportunities provided by Angolan legislation. “With the changes
Angola plans to produce one million and one hundred thousand barrels of oil per day by the end of this year, declared the Director of Production of the National Agency for Oil, Gas, and Biofuels (ANPG) in Luanda. Ana Miala, who participated in the panel on Exploration and Production Opportunities in the Southern African Frontier as part of the sessions and discussions program of the 4th Annual Conference and Exhibition of the Oil and Gas
TotalEnergies has initiated the preparatory studies for the major exploration venture in Block 58, situated offshore of Suriname, marking a pivotal step forward in the large-scale oil project. The company holds a commanding stake in the operation, with a 50% interest, complemented by a matching 50% share held by APA Corporation. Appraisal of the two main oil discoveries, Sapakara South and Krabdagu, was successfully completed in August 2023, with the drilling and testing of three
The last day of the Angola Oil & Gas (AOG) 2023 Conference & Exhibition, organized by Energy Capital & Power, closed with final remarks delivered by Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo. Minister Azevedo spoke on the success of the conference and the role that energy development in Angola will play in ensuring energy security and sustainable development in the southern African country. “Energy security, decarbonization, and sustainability have been a
As the energy industry undergoes transformative changes, organizations, government bodies, and companies are actively advocating for enhanced participation of youth in the sector. Concluding the second day of the Angola Oil & Gas (AOG) 2023 conference, a panel of Angolan energy leaders emphasized the central role that youth play in transforming the dynamic energy sector, integrating innovation and technology that will be instrumental in creating a strong, resilient energy sector. Ahead of the panel, Abel
The second day of the Angola Oil & Gas (AOG) 2023 conference and exhibition featured the signing of a partnership agreement between the environmental management company, Ambipar, and the energy company, Kini Energias. Signed by Rogério Calderaro, CEO of Ambipar, and Bráulio Brito, Managing Partner for Kini Energias, the services covered by the agreement will include the installation of an industrial unit for the assembly and testing of waste suction equipment and for the control
Angola commemorated the Organization of Petroleum Exporting Countries (OPEC) and renewed its commitment to market stability on the second day of the Angola Oil & Gas 2023 Conference & Exhibition, which coincided with the 63rd anniversary of the organization that was founded on September 14, 1960, in Baghdad. OPEC plays a crucial role in stabilizing the oil market, fostering coordination and unity among petroleum producers. Angola, an OPEC member since 2007, has benefited from OPEC’s
Under the event’s broader theme of ‘Energy Security, Decarbonization and Sustainable Development,’ the AOG 2023 awards, which were announced on the first day of the event, sought to identify the companies pioneering the oil and gas industry in Angola. Local Company of the Year Award: Etu Energias Awarded to the most promising Angolan company, whose support and development of the local workforce and local exploration and production efforts continue to ensure the sector’s viability and
Kuwait Oil Company anticipates concluding its inaugural offshore oil and gas exploratory and drilling initiatives by 2026, according to the firm’s chief geologist. The exact timeline remains contingent on the progress made during the sea-based operations, as explained by Ahmed Al-Otaibi during a briefing at Kuwait’s oil ministry. Should the drilling operations prove successful, they hold the potential to usher in new production phases, potentially enhancing Kuwait’s oil and gas output. This foray into offshore
The Organisation of the Petroleum Exporting Countries (OPEC) revealed that Nigeria’s oil production in August 2023 rose to 1.18 million barrels per day (bpd), up from 1.08 million barrels in July. This increase allowed Nigeria to move from third place to second place among Africa’s largest crude oil producers, trailing behind Libya. OPEC’s monthly oil market report attributed Nigeria’s improved output to direct communication for the month of August 2023. Although Nigeria’s 100,000 barrel increase
