ExxonMobil Signs Deal with ANPG to Expand Block 15 Acreage, Unlocking New Oil Resources in Angola Energy major ExxonMobil and its partners in Block 15 have signed a new agreement with Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), expanding the block’s acreage and extending its production potential. The agreement was formalized during the Angola Oil & Gas 2025 Conference and Exhibition last week in Luanda, marking another milestone in Angola’s strategy
ExxonMobil Boosts Offshore Safety and Efficiency in Angola with Drone and 3D Sonar Technology Global energy major ExxonMobil is revolutionizing offshore oil and gas operations in Angola through the adoption of drone-based inspections and advanced 3D sonar imaging. The company invests nearly $1 billion annually in innovative technologies, with a strong focus on improving safety, reducing downtime, and enhancing data accuracy across its global operations. Speaking at an ExxonMobil-sponsored pre-conference session during the Angola Oil
Angola’s ANPG Boosts Mature Oilfield Output with Tax Incentives Under Incremental Production Decree Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), is taking decisive steps to revitalize production from the country’s mature oilfields through the implementation of the Incremental Production Decree. The policy, designed to unlock untapped opportunities in long-producing fields, offers a suite of fiscal and tax incentives aimed at sustaining national oil production above one million barrels per day. Speaking
Etu Energias Closes $1 Billion in M&A Deals, Targets 80,000 bpd by 2030 Etu Energias, Angola’s largest private oil company, has finalized nearly $1 billion in merger and acquisition (M&A) transactions over the past three years, underscoring its aggressive growth strategy in the country’s energy sector. The announcement was made by CEO Edson dos Santos during a live interview at the Angola Oil & Gas 2025 Conference and Exhibition. “Over the last three years, we
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
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
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
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
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
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
