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Category: Petroleum

Gas International Oil Petroleum

Activists Call for Funding Freeze on TotalEnergies’ Mozambique Project

Environmental lobby groups have sent a letter urging banks and other financiers to withdraw their support for TotalEnergies’ $20 billion liquefied natural gas (LNG) terminal in Mozambique. The letter, sent to over two dozen project funders, coincides with a crucial moment for the French energy company as it readies to resume Africa’s largest foreign direct investment project. Activists caution that the project may exacerbate climate change and contribute to human rights abuses in the impoverished

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International Petroleum

Tanzania considers Fuel import system review amidst price fluctuations

Tanzania is considering a reassessment of its fuel import system to tackle the issue of price fluctuations resulting in elevated pump prices. Energy regulatory authorities said they are monitoring the effectiveness of the current bulk oil importation through tendering, to uphold stability in the monthly capped prices influenced by global fuel markets. The Energy and Water Utilities Regulatory Authority (Ewura) has indicated that the Bulk Procurement System (BPS), utilized for the importation of petroleum products,

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Gas Local Oil Petroleum

ASSEA and Muhatu Energy Launch ‘Ubuntu’ Internship to Boost Women in Angola’s Oil Sector

The Association of Autochthonous Companies for the Oil Industry of Angola (ASSEA), in collaboration with the Muhatu Energy Angola (MEA) platform, is set to unveil the ‘Ubuntu’ internship program in Luanda. The initiative aims to provide final-year students of technical-professional courses with a hands-on experience in a real work environment. Designed to prioritize gender diversity, the program is exclusively tailored for female students. Currently, women constitute only 22 percent of the total workforce in the

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Energy Local News Oil Petroleum

Afentra Secures Angola’s Approval for Block Acquisitions from Sonangol

Independent energy company Afentra has received approval from Angola for the acquisition of stakes in Block 3/05 and Block 23 from the country’s National Oil Company Sonangol. Under the agreement, which is pursuant to a sale and purchase agreement between Sonangol and Afentra through its wholly-owned subsidiary Afentra (Angola), the company will acquire a 14% interest in Block 3/05 and a 40% stake in Block 23, offshore Angola. Afentra is also working with Sonangol to

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Gas International Oil Petroleum

88 Energy Acquires Working Interest Onshore Namibia

Oil and gas exploration company, 88 Energy, has signed a farm-in agreement with Monitor Oil and Gas Exploration – a subsidiary of U.K. private exploration company, Monitor Exploration – to earn up to a 45% non-operated working interest in Namibia’s onshore Petroleum Exploration License (PEL) 93. The activity program for the three-stage agreement will involve the acquisition of approximately 200-line-kilometers of low-impact 2D seismic data in mid-2024, along with a potential initial exploration well targeting

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Economy Local News Petroleum

Investors Encouraged to Build Fuel Stations

The stability of the operation of the fuel market and other petroleum derivatives should also be the responsibility of the business class, focusing on providing better services to the population. This perspective was put forward by the Vice Governor of Huambo for the Economic and Social Sector, Angelino Elavoco, at a recent seminar on encouraging the construction of new privately initiated fuel stations and the rehabilitation of out-of-service stations. Angelino Elavoco acknowledged that the enthusiasm

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Local Oil Petroleum

Sonangol and TotalEnergies Partner for Kwanza Basin Offshore Development

Angola’s national oil company, Sonangol, signed a framework agreement with French multinational petroleum corporation TotalEnergies earlier this year to explore developing the first offshore drilling project in the Kwanza basin, an abundant and expansive oil field some 150 kilometers southwest of the country’s capital Luanda. The provisional agreement inked in May between Sonangoal, TotalEnergies EP Angola and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), will pave the way for the future development of the

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International Oil Petroleum

Uganda Achieves Self-Sufficiency in Oil Supply

A bill enabling Uganda National Oil Business (Unoc), a state-owned oil business, to buy and supply oil to Uganda’s domestic market has been passed by the country’s cabinet. The bill will terminate the present method of importing oil through Kenyan wholesalers if it is approved by parliament. The goal of this new initiative, according to Energy Minister Ruth Nankabirwa who spoke on the issue on Tuesday, is to “improve the security of supply of petroleum products

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Local News Oil Petroleum

Lobito Refinery Investment Tender Launches, Aims for 200,000 BPD Capacity

The Angolan government is pressing ahead with plans for the Lobito refinery, which will have the capacity to process up to 200,000 barrels of oil per day. The national oil company, Sonangol, recently initiated a public tender for investment in the refinery, marking a significant step in the project’s development. Sonangol has already completed various essential phases of the project, including an economic feasibility study, reevaluation of the feed, dredging of Lobito Bay, embankment preparation,

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Economy Local News Oil Petroleum

Angola to maintain crude oil production at 1.1 million barrels until 2024.

Angola expects to maintain its current production of crude oil at 1.1 million barrels per day (bpd) next year, said Belarmino Chitangueleca, the Chief Executive Officer of the National Agency for Oil, Gas and Biofuels (ANPG), on Thursday. Belarmino Chitangueleca ensured that the country will announce the winning bidders for the last onshore licensing round by March 2024. He also mentioned that Angola will set up a second Natural Gas Liquids (NGL) train, which processes

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