VAALCO and Borr Drilling Partnership Highlights Africa’s Growing Offshore Energy Potential

Houston-based VAALCO Energy has signed a contract with UK-based Borr Drilling to provide a jack-up rig for its 2025/2026 drilling program off the coast of Gabon. This partnership signals a rise in offshore drilling activity across Africa and reflects the increasing trend of international collaboration in the continent’s energy sector. As the energy landscape evolves, the upcoming Invest in African Energy (IAE) Forum in Paris next May will provide a vital platform for fostering such

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Angola and South Africa Strengthen Economic Ties During President Lourenço’s Visit

Angolan President João Lourenço visited South Africa last week to strengthen economic ties and explore strategic partnerships between the two nations. The visit aimed to enhance bilateral trade and investment, focusing on key sectors such as energy, mining, infrastructure, and logistics. Discussions centered on maximizing the benefits of the African Continental Free Trade Agreement, advancing mineral beneficiation strategies, and leveraging Angola’s Lobito Trans-Africa Corridor as a model for regional integration. Both countries also explored cross-border

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Angola and DRC Sign Enhanced Agreement for Offshore Block 14 Development

Angola’s Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed a revised agreement for the co-development of offshore Block 14. The agreement was formalized during the opening ceremony of the Angola Oil & Gas (AOG) 2024 conference in Luanda on October 2, with Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Aime Sakombi Molendo, in

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South Sudan Partners with China’s Sokec to Modernize Oil Industry

China’s Shengli Oilfield Keer Engineering and Construction Company (Sokec) has signed a landmark agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to construct modern oil refinery and storage facilities in the country. The Memorandum of Understanding (MoU) was signed by Sokec President Wu Song and Nilepet Managing Director Muhammad Lino Benjamin. This agreement marks the beginning of Sokec’s investment in South Sudan, the youngest nation in Africa. Benjamin praised Sokec for its contributions to

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Sonangol Partners with Tosyali to Advance Kassinga Iron and Steel Project

Sonangol and the Tosyali Group reached an agreement on Monday to enhance the strategic Kassinga iron and steel project. The agreement, finalized during the Angolan Minister of Mineral Resources, Oil, and Gas’s visit to Turkey, includes integrating Angola’s national oil company, Sonangol, into the new corporate structure of Tosyali Iron & Steel Angola SA. Fuat Tosyali, President of the Turkish holding company, praised the move as a clear demonstration of Angola’s commitment to the project.

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ProMarks and Trafigura sign MOU with the Angolan Government

ProMarks, an international engineering company specialized in the energy sector and Trafigura, a market leader in the global commodities industry, yesterday signed a Memorandum of Understanding (MOU) with the Government of Angola to conduct a technical and economic viability study and to develop a Public Private Partnership model for a major regional power transmission and supply project. The signing ceremony was held in Luanda in the presence of government representatives from Angola, alongside other diplomatic

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