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Category: Oil

Corporate News Gas Local Oil

Copia Group Highlights Safety, Efficiency, and Environmental Compliance in Angola’s Onshore Oil & Gas Growth

Copia Group Drives Angola Oil & Gas Growth Through Safety, Efficiency, and Environmental ComplianceCivil engineering leader Copia Group of Companies has underscored the critical role of operational efficiency, safety, and environmental compliance in supporting the growth of Angola’s oil and gas sector. Speaking ahead of the Angola Oil & Gas 2025 Conference and Exhibition, Grildo José Francisco, Director of Oil, Gas & Biofuel Projects at Copia Group, highlighted the company’s active contribution to Angola’s onshore

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Corporate News Exploration Local Oil

Corcel Set to Launch 326-km 2D Seismic Program in Angola’s KON 16 Ahead of Exploration Drilling

Corcel to Begin 326-km 2D Seismic Survey in Angola’s KON 16 Block with Exploration Well Planned for 2026 Independent oil and gas company Corcel plans to initiate a 326-kilometer 2D seismic data acquisition program in the second half of 2025, with the goal of drilling a new exploration well in Angola’s Block KON 16 approximately 12 months later. The announcement was made during a Corcel-sponsored pre-conference workshop on September 2, ahead of the Angola Oil

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Corporate News Local Oil

Shell Returns to Angola After 20 Years as Oil Sector Reforms Attract Global Investors

Shell Signs Angola Oil Deal After 20-Year Exit, Joining Chevron and Sonangol in Block 33 Shell Plc has returned to Angola’s oil sector after a two-decade absence, a move that signals renewed global confidence in the country’s energy industry following sweeping reforms aimed at attracting foreign investment. The Anglo-Dutch energy giant, together with Chevron Corp. and state-owned Sonangol EP, signed agreements with Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) for exploration rights in

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International News Oil

IOC Shifts Oil Purchases from U.S. to West Africa and Middle East

Indian Oil Corporation Buys Nigerian and Middle Eastern Crude, Skips U.S. Oil Amid Global Market Shifts Indian Oil Corporation (IOC), the country’s largest state-owned refiner, has adjusted its crude procurement strategy in recent weeks, opting against U.S. supplies and turning instead to West African and Middle Eastern grades. Trade sources confirmed on Friday that IOC secured two million barrels of West African crude and one million barrels of Middle Eastern crude, underscoring both geopolitical considerations

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Local Corporate News Expos & Events Gas Oil

Angola’s Block 33/24 Development Agreement Signed by ANPG, Sonangol, Shell, and Chevron

Angola Block 33/24 Development Agreement Signed by ANPG, Shell, Chevron at AOG 2025 An agreement to advance development activities at Angola’s Block 33/24 was signed during the Angola Oil & Gas Conference and Exhibition (AOG 2025), held from September 3-4 in Luanda. The deal was formalized by Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), alongside national oil company Sonangol and international energy majors Shell and Chevron. Block 33 is located in

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Corporate News Local Oil

Angola Begins Kaminho Offshore Oil Project with TotalEnergies

Angola Launches Kaminho Offshore Project in Kwanza Basin, Pioneering Deepwater Development The Angolan Government, in partnership with a consortium led by TotalEnergies, has officially begun the construction phase of the Kaminho Project—the country’s first offshore oil development in the Kwanza Basin—marking a major milestone in Angola’s deepwater exploration sector. According to the National Oil, Gas, and Biofuels Agency (ANPG), activities at Petromar began last week with the fabrication of over 5,500 tons of metal structures

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Local Economy News Oil

João Lourenço Pledges Angola’s Refined Fuel Self-Sufficiency with Soyo and Lobito Refineries

President João Lourenço Highlights Cabinda Refinery as Key to Angola’s Energy Independence and Export Potential President João Lourenço stated on Monday, during the inauguration of the Cabinda Refinery, that Angola is on track to achieve self-sufficiency in refined petroleum products with the completion of the Soyo and Lobito refineries, despite some challenges faced by the Soyo project. Speaking to journalists after the ceremony, the President emphasized that the Cabinda refinery, with an installed capacity of

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Local News Oil

President João Lourenço Inaugurates Cabinda Refinery

President João Lourenço Launches Cabinda Refinery to Strengthen Angola’s Energy Security and Create Jobs President João Lourenço inaugurated the first phase of the Cabinda Refinery on Monday, marking a historic milestone in Angola’s energy sector. Budgeted at $473 million, the refinery will initially process 30,000 barrels of oil per day, with full capacity planned at 60,000 barrels per day. Angola is expected to sell its first refined products from the facility by the end of

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Local Economy News Oil

Economists Praise Cabinda Refinery Launch as Key to Angola’s Energy Independence

Angolan Economists Highlight Cabinda Refinery as Milestone for Energy Self-Sufficiency and Job Creation Angolan economists have hailed the inauguration of the Cabinda refinery as a major milestone for the country’s energy sector, signaling increased self-sufficiency and reduced reliance on imported fuel. The Cabinda refinery, a private investment with 90% equity from Gemcorp and 10% from state-owned Sonangol, was officially opened on Monday by President João Lourenço. Economist Daniel Sapateiro emphasized that this is the first

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Corporate News Exploration International Oil

Nigeria Partners with TotalEnergies and Sapetro for Offshore Oil Exploration in Niger Delta

Nigeria Signs Offshore Production-Sharing Contract with TotalEnergies and Sapetro to Boost Exploration Nigeria has signed a production-sharing contract (PSC) with TotalEnergies and local firm South Atlantic Petroleum (Sapetro) for two offshore blocks, aiming to attract investment and accelerate exploration under the country’s new oil framework. As Africa’s largest oil producer, Nigeria seeks to revitalize its upstream sector amid global energy transition pressures and declining fossil fuel investments. The agreement covers petroleum prospecting licences (PPL) 2000

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