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Economy Energy

Angolan President Asserts Importance of Construction Sector Development

Angola’s President, H.E. João Lourenço, has affirmed the country’s commitment towards the development of its construction and regional planning sectors to promote socioeconomic development. H.E. President Lourenço’s statements were made during the appointment of a new Secretary of State for Urbanism and Housing, Manuel André da Costa Canguezeze, last week, with the Head of State stressing the importance of infrastructure with regards to diversifying the economy and attracting international investors. “We hope that this appointment and swearing

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Economy Energy Gas Oil

Rystad Energy Analyzes LNG’s Potential in the Global Energy Transition

Amidst increasing efforts by governments worldwide to secure energy supplies following Russia’s invasion of Ukraine, investments in the oil and gas industry are surging. This wave of investment aims to ensure a reliable, affordable, and sustainable energy future. Rystad Talks Energy’s May edition webinar – entitled, ‘Supplying energy security, who has a Part to Play? – focused on the pivotal role of natural gas and liquefied natural gas (LNG) in global energy security. The webinar

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Energy Gas International

Namibia and Hyphen Ink Export Deal for $10B Green Hydrogen Project

The Namibian Government will sign a feasibility and implementation agreement (FIA) with green hydrogen development company Hyphen Hydrogen Energy for the country’s $10 billion green hydrogen project, to be located in the Namib Desert’s Tsau//Khaeb National Park. The deal is expected to be signed on Friday, May 26, and marks the next phase of the project’s development. It also outlines the terms of offtake, which involve exporting Namibian green hydrogen to Europe. The FIA provides

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Economy Energy Gas Oil

Eni and Sonangol Strengthen Collaboration in Agribusiness and Energy Decarbonization

Italian multinational oil and gas major Eni and Angolan National Oil Company Sonangol have signed a Memorandum of Understanding (MoU) to boost cooperation in the agribusiness sector and energy decarbonization. The MoU was signed in Rome during Hon. João Lourenço’s state visit to Italy this week. Claudio Descalzi, CEO of Eni, and Sebastio Pai Querido Gaspar Martins, Chairman of the Board of Directors of Sonangol, signed the agreement. The MoU aims to enhance cooperation between

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Economy Energy Gas Oil

Gabon: Positioning Oil & Gas as a Catalyst for Nationwide Growth

With its economic indicators showing clear signs of recovery, and the current Parti Démocratique Gabonais (PDG) set to retain power after this year’s elections, Gabon’s economic plans are moving ahead at full speed. Under its 2025 Plan for an Emerging Gabon (PSGE), the country is seeking to facilitate the influx of private capital and participation in both the hydrocarbons value chain and diversified industrial base, leveraging private sector growth to fuel diversification into non-oil sectors like gas,

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Economy Energy Renewable Energy

Tanzania LNG Project’s Cost Increases to $42 Billion

Tanzania has revised the cost of its Liquefied Natural Gas (LNG) project upwards, estimating the total cost of the large-scale project to be $42 billion. Initially projected at $30 billion, Felchesmi Jossen Mramb, Permanent Secretary in Tanzania’s Ministry of Energy explained that, “The recent technical analysis shows that offshore drilling and piping will push the project to $42 billion,” making the development the largest energy project in Southern and Eastern Africa. Developed by energy majors Shell

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Energy International News

The West’s Oil War Against Russia Begins to Lose Momentum

Russia’s oil revenues rebounded in March and April, reaching the highest level since November of the previous year, according to a new report. This development strengthens President Vladimir Putin’s ability to finance the Kremlin’s activities in Ukraine. An analysis published on Wednesday by the Centre for Research on Energy and Clean Air, an independent Finnish think tank, found that Russia’s revenues from oil exports have recovered from the levels reached in January and February. These

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Economy Energy News

TAAG Airlines of Angola and the Brazilian company Gol have formalized a new partnership

The partnership is focused on the cargo segment, following an agreement they made in April of this year to promote passenger traffic through codeshare. This information was conveyed in a note sent to JA Online today. With the Special Prorate Agreement (SPA) agreement that has just been signed, TAAG will now incorporate GOL’s destinations in Brazil and Latin America within its distribution and cargo collection network. The document also states that with this partnership, TAAG

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Energy News

The IRENA Council brings together 113 countries in Abu Dhabi.

More than 100 Member States and the European Union discuss measures to accelerate the path of energy transition at the 25th Meeting of the Council of the International Renewable Energy Agency (IRENA), which started on Tuesday and ends today in Abu Dhabi, the capital of the United Arab Emirates. In the meeting, Angola participates with a delegation from the diplomatic representation in the UAE, headed by the First Secretary responsible for the Economic Sector, Nelson

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Economy Energy News

Construction of Dam Wall begins at Caculo-Cabaça Hydropower Project in Angola

Excavation work has started for the construction of the 2,172 MW Caculo-Cabaça hydroelectric facility in the Kwanza Norte Province of Angola. Completion of the infrastructure development for the project is set for October 2026, while commissioning is scheduled to commence in 2028. A ceremony commemorating the development took place on 20 May, and was attended by the President of Angola, H.E. João Lourenço, who ceremoniously authorized the provisional deviation of the course of the Kwanza

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