With a consumption of 420 metric tons of butane gas per year, Angola is self-sufficient and has a wide supply of this fuel known as cooking gas, with three operators deployed in production. José Barroso, who was speaking at a seminar called “Everything about Butane Gas”, organized by the Petroleum Derivatives Regulatory Institute (IRDP), added that the specifications of liquefied petroleum gas used in the country comply with established standards. The majority of production is
Within five days, Sonangol Pesquisa&Produção begins exploring for oil and gas in the Tubias well, in the Kwanza Terrestrial Basin block (KON-11), located in the municipality of Cabo Ledo, Luanda province. At this moment, the rig still needs to complete five percent of the technical work, in order to move forward with oil and gas drilling activity in the Tubias well, of which 95% has already been completed. The well is between 700 and 800
Angola’s oil export level will rise to 1.18 million barrels per day in October, reaching the highest value since July, reported financial information agency Bloomberg. According to Bloomberg, which cites the final cargo manifest, Angola will export 1.18 million barrels of oil in October, increasing compared to the 1.047 million daily barrels forecast for this month. For October, the final program foresees 38 cargoes with a combined volume of 36.52 million barrels of oil, given
Guinea-Bissau represents both a unique and highly strategic investment opportunity. As a relatively undeveloped energy market, the country is positioned in close proximity to large-scale oil and gas developments in neighboring Senegal and Mauritania. High-impact regional discoveries made in recent years have emphasized the potential of offshore acreage while untapped domestic renewable energy resources coupled with favorable investment terms highlight the attractiveness of investing in Guinea-Bissau. Untapped Mineral Reserves Guinea-Bissau is believed to have approximately
Qatari-based diversified business conglomerate Power International Holding is exploring a partnership opportunity with Algerian National Oil Company Sonatrach for the development of a petrochemical facility in Algeria. The facility will produce raw materials such as butene and polybutene. A delegation from Power International Holding is expected to visit Algeria to discuss the partnership in early September 2023. Mohammed Arkab, Minister of Energy in Algeria, stated that, “Sonatrach is ready to work with Power International to achieve that project, which
Block 15, an Angolan offshore, operated by ExxonMobil (Esso Angola), located approximately 370 kilometers northwest of Luanda, completed 29 years since the beginning of its exploration on August 23, 1994, and currently employs around 1,000 workers . According to PetroAngola’s website, Block 15, once Angola’s largest oil producer, recently achieved a daily production peak exceeding 600 KBPD, thanks to its four FPSOs: Kizomba A, Kizomba B, Mondo, and Saxi-Batuque. Construction of the initial FPSO, Kizomba
The multinationals TotalEnergies, AzuleEnergy and Equinor signed, yesterday, in Luanda, production sharing contracts for blocks 16/21 and 31/21 with the National Petroleum, Gas and Biofuels Agency (ANPG). The act is the result of the Public Adjudication Offer carried out by ANPG, in 2021, and follows the Executive’s Strategic Plan for the attribution of oil concessions 2019-2025. The Plan foresees the award of more than 50 oil blocks to reaffirm commitments to more incisive exploration and
The Niger Delta region’s illicit oil refineries were bombarded with air raids on Sunday, according to the Nigerian air force. The Nigerian army claimed to have attacked a boat carrying crude oil and heading for open seas, as well as many illegal locations in the oil-rich state of Rivers. Although aircraft bombardments are rare, Nigeria has been actively combating oil thieves in the Niger Delta by destroying crude-laden ships and tiny illicit refineries. The majority
The Angolan Association of Oil and Gas Services Companies (AECIPA) and the Namibian Association of Offshore Oil and Gas Service Providers (NAOGSP) signed, on Monday August 28th, in Windhoek, an agreement to cooperate in strengthening the oil and gas industries. gas from the two countries. Under the terms of the agreement, AECIPA and NAOGSP will cooperate in several areas, including enhancing economic and commercial benefits for members, sharing industry information, research and development of new
The consultancy firm Business Monitor International (BMI) believes that the outlook for natural gas projects in Mozambique is improving, despite the delay in the resumption of work by the French oil and gas company, TotalEnergies, in the northern province of Cabo Delgado. “The outlook for mega-projects in Mozambique is improving, with progress being made on the resumption of projects. TotalEnergies has taken several steps to restart the project, following the violence in 2021, which forced
