Sonangol received, this Monday 10th April, in the city of Mokpo (South Korea), the new oil tanker, named “Kulumbimbi”. The oil tanker built at the Hyundai Sambo Heavy Industries shipyards cost the Angolan oil company US$68 million. The ship will have a crew made up of 80 percent Angolans and a useful life of 20 years. It is part of the Suezmax line, with the capacity to transport 1 million barrels of crude, within internationally accepted
The cut in production by the OPEC+ members (groups of oil exporting countries + Russia), in the last six days, resulted in an appreciation of prices by at least six dollars. Negotiations for a barrel of Brent, oil that is the benchmark for exports from Angola, rose from USD 79.7 recorded between Friday and Sunday of last week, to USD 85.4 registered on Friday, a price that goes up to Sunday, and may change depending on
Sonangol now has one more vessel for operations to transport crude oil. The naming ceremony for the Suezmax oil tanker takes place today in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said
Angola and Namibia intend to increasingly strengthen cooperation in the area of oil and mineral resources, JA Online learned this Wednesday 5th April, as part of the visit of the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, who is in Windhoek , for a visit at the invitation of his counterpart, Tom Alweendo. According to the Angolan official, the workday allows “to see Namibia’s experience in the exploration of diamonds in the sea,
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
