Angolan Mining Oil & Gas - Page 239 of 402 - Top Angolan News for Oil, Gas and Mining Industries

Shell’s Payments to Nigeria Hit Four-Year High in 2023

22, March, 202422, March, 2024

In 2023, Nigeria saw its highest payments from Shell in the form of production entitlements, royalties, taxes, and fees to the government, totaling $4.92 billion, marking the highest figure recorded in four years. Shell’s global payments to governments across 27 countries amounted to $29.51 billion in 2023. Following Nigeria, Oman and Norway were the second and third highest recipients, receiving payments of $4.09 billion and $3.81 billion, respectively. The payout to Nigeria increased by 8.85

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International Energy Renewable Energy

Trina Solar Unveils 195 MW Springbok Solar Project in South Africa

22, March, 202422, March, 2024

Trina Solar, a leading South African PV panel producer, has launched the groundbreaking 195 MW Springbok solar project in collaboration with renewable energy firm SOLA and construction group WBHO. Situated in South Africa’s Free State province, the Springbok project marks a significant milestone as the country’s first and largest privately developed n-type utility-scale project, boasting a capacity of 195 MW. Leveraging n-type technology, Trina Solar will supply 331,200 panels of its Vertex N series modules.

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International Gas News

Reatile Group Engages Sasol in Talks to Address South Africa’s Gas Supply Concerns

22, March, 202422, March, 2024

Investment holding firm Reatile is currently engaged in preliminary discussions with South African energy giant Sasol to explore solutions for potential gas supply shortages in the country. Sasol had previously announced in 2023 the looming possibility of supply shortages by June 2026, given its status as the primary large-scale natural gas provider in South Africa. Simphiwe Mehlomakulu, Chairman of Reatile Group, expressed optimism regarding the collaboration, stating, “Reatile Group remains optimistic about achieving a secure

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Local Economy News Oil Petroleum

ACREP IPO Marks Milestone for Angola’s Oil Sector Amidst Market Dynamics

22, March, 202422, March, 2024

ACREP (Exploração Petrolífero SA), positioning itself as Angola’s second-largest private oil company with onshore operations, achieved a significant milestone with its recent public offering for sale (OPV) of shares on the stock exchange, securing a revenue exceeding 5.409 million kwanzas. The demand for shares reached 24.04 percent of the total supply, showcasing investor interest in the company. The Angolan Debt and Securities Exchange (Bodiva) announced the results of the OPV, revealing that 72,121 of the

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Local Gas News Oil Petroleum

Chinese Shipbuilder HRDD Paves the Way for FPSO Agogo, Elevating Angola’s Oil Sector

22, March, 202422, March, 2024

Chinese shipbuilding firm HRDD achieved a significant milestone on Wednesday in Shanghai, China, as they completed the lifting and installation of the inaugural module for the structural framework of the Floating Production, Offloading, and Storage Unit (FPSO) Agogo. This operation, deemed crucial by Angolan Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, holds promise for stabilizing oil production in Angola. Minister Diamantino Azevedo, present at the event by invitation from HRDD, voiced his optimism

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Local News Oil Petroleum

Sonangol pays interest on bond debt

21, March, 202421, March, 2024

Sonangol has commenced the payment of interest on coupon No. 1 to holders of the 2023-2028 Bonds since last week, totaling 6,544 million kwanzas for the operation, with Banco BAI acting as the paying agent. In a statement published on its website, Sonangol reminds stakeholders that the amount available for payment is subject to withholding of Capital Investment Tax (IAC) as per applicable taxation rules. Furthermore, in compliance with the regulations of the Central de

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Local News Oil Petroleum

Angola invites US oil Companies for new Tenders

21, March, 202421, March, 2024

Angola is set to launch its next round of oil and gas concession licensing in 2025, inviting exploration and production companies from the United States, announced José Barroso, the Secretary of State for the portfolio, during an event in Houston on Tuesday. The country concluded bidding for 12 blocks earlier this year as part of a six-year licensing round initiated in 2019 and is finalizing production sharing negotiations. Speaking at a networking event organized by

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International Oil

Galp Yields Another Light Oil Discovery Offshore Namibia

21, March, 202421, March, 2024

Integrated energy company Galp – alongside partners the National Petroleum Corporation of Namibia (NAMCOR) and Custos Energy – has successfully drilled the Mopane-2X well in PEL 83, leading to another light oil discovery in Namibia’s Orange Basin. The discovery comes as part of Galp’s ongoing exploration campaign that began last November and targets the Mopane complex covering Blocks 2813A and 2814B. Last January, the company announced a light oil discovery – Mopane-1X – which indicated preliminary signs

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Gas International News Oil

Mozambique Records $1.7B in LNG Sales in 2023

21, March, 202421, March, 2024

Mozambique’s natural gas sales reached $1.7 billion in revenue in 2023 – according to statistical reports from the Bank of Mozambique – marking an increase of 218% compared to the previous year. The increase was driven by the operational start-up of the Coral Sul floating LNG (FLNG) plant in the Area 4 Block in the offshore Rovuma Basin, which delivered first LNG cargo in November 2022. The Area 4 Block is operated by Mozambique Rovuma

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Local News

Angola’s Mbanza Kongo Airport to Open in 2025

20, March, 202420, March, 2024

Construction of the Mbanza Kongo Airport in Angola’s province of Zaire is set to be complete in 2025, the country’s Minister of Transport Ricardo de Abreu announced. The airport will host domestic and international airline carriers, supporting tourism in the province. Developed by engineering and construction services companies Sinohydro Corporation, the 12,100 m² site features a 3,500 m runway capable of handling a Boeing 777-300ER – one of the world’s largest commercial twin-engine carriers. At

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