Vital Industry News
Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day PetroWorld to Launch Lubricants Factory in Angola Equinor Praises Angola’s Efforts to Revitalize Oil Production Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis Angola to Auction 44 Special Diamonds in Online Bidding Event Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges Financial Struggles Hamper Fuel Imports in Mozambique Triton Minerals to Acquire Promising Gold and Copper Project in Mozambique DRC Cancels Licensing Round for 27 Oil Blocks Amid Controversy and Irregularities Dangote to Begin Crude Oil Production in Nigeria by 2025
Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

More Angolan Mining News

Local News Oil

Sonangol Aims for 10% National Oil Production Quota by 2027 with Target of 80,000 Barrels per Day

Angola’s national oil company, Sonangol, is on track to achieve a national production quota of…
Local News Petroleum

PetroWorld to Launch Lubricants Factory in Angola

PetroWorld, a Dubai-based oil company, is set to open a lubricants factory in Angola early…
Local News Oil

Equinor Praises Angola’s Efforts to Revitalize Oil Production

Nina Birgitte Koch, Vice President for Africa at Equinor, has commended Angola's initiatives to revitalize…
Local News

Angola’s President Defends Hydrocarbon Development Amid Global Climate Crisis

Angolan President João Lourenço acknowledged the severity of the global climate crisis while emphasizing the…
Diamonds Local News

Angola to Auction 44 Special Diamonds in Online Bidding Event

Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each…
International Corporate News Gas Oil

Eni Secures Strong Interest for New LNG Project in Mozambique Amid Financing Challenges

Eni SpA has garnered substantial interest for its upcoming floating liquefied natural gas (LNG) project…
Diamonds Mining

Angola seizes stake in nation’s biggest diamond miner from LLI International (China)

Angola has seized a stake in the nation’s biggest diamond miner, from LLI International, a unit of China Sonangol, that was previously a well-connected Chinese investor in the country. “The attorney-general’s Office of the Republic of Angola blocked LLI’s participation in Catoca in 2021 and transferred control of this 18 per cent stake to the state body IGAPE,” which manages government shares in companies, Catoca said in a statement released this month. The move gives Angola 59

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Mining Oil

Positioning Angola as a Globally Competitive Mineral Producer

As Angola celebrated the 37th anniversary of Mining Labor Day this year, strategic developments across its mining sector are positioning the country as a globally competitive mineral producer While Angola takes the place as the third-largest oil producer in Africa – with production measured at 1.14 million barrels per day in 2021 – the country has also recently made headway in mineral wealth extraction. In 2022, the Ministry of Mineral Resources, Oil and Gas is

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Energy Environment Social Governance (ESG)

Natural Gas Exploitation Key To Solving Africa’s Deforestation, Emissions and Energy Security Issues

Africa’s natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking. However,

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Energy Environment Social Governance (ESG)

Angola Joins the EITI as Africa’s 28th Member

The board for the international non-profit organization, the Extractive Industries Transparency Initiative (EITI), has approved Angola’s application to become a member of its standards, demonstrating the southern African country’s commitment to the implementation of transparency practices in the extractive sector. With the approval, Angola becomes the 57th member country of the organization and the 28th from Africa. With the fight against corruption serving as the cornerstone of Angolan President, H.E. João Lourenço’s administrative policies since taking office

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Energy Gas Local Oil

TotalEnergies Invests $850 Million in Angolan Project

Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola.  The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures.  Situated approximately 150km off the Angolan coast in the

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Energy Local

The Service Sector Enables Angola’s Energy Expansion

As a diverse sector with a large consumer base and offering a complex range of services, Angola’s energy sector is responsible for the manufacture, distribution, and supply of energy to both the southern African country’s domestic population and its businesses. Extensive support is available from the tertiary sector of the economy for Angola’s energy industries via key service companies.  These specialize in fields such as logistics; transportation; professional services; telecommunications and media; human resource management;

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Energy International

U.S. Commits $2 Billion for Solar Deployment in Angola

The United States (U.S.) Government, with support by the U.S. Department of Commerce and the Export-Import Bank of the United States, has facilitated a partnership between the Government of Angola and U.S.-based project development firms, AfricaGlobal Schaffer and Sun Africa, for the mobilization of $2 billion to develop a solar project in the southwestern African nation. The project will include the development of solar mini-grids, home power kits and solar-to-power telecommunications. Announced by U.S. President Joe

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Oil Gas Local Petroleum

Calculating Costs for Oil and Gas Projects

Oil Field Calculator is an Angolan company offering customized solutions to project costs for energy and industrial projects. Energy Capital & Power spoke to Silverstre Lombo, CEO of Oil Field Calculator to understand the firm’s technology and services and the impact it has on the Angolan energy sector. Oilfield Calculator is an Angolan company established to produce cost estimations for the oil and gas industry since 2017. Please tell us more about the inception of your

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