Angolan Mining Oil & Gas - Page 27 of 307 - Top Angolan News for Oil, Gas and Mining Industries

Huambo Province Hosts Investment Opportunities Forum Along the Lobito Corridor

25, February, 202525, February, 2025

The Huambo province hosted the Investment Opportunities Forum along the Lobito Corridor on the 21st of the month. The event, held at the Journalist Training Center (CEFOJOR) in Huambo, provided participants with the opportunity to learn how the Lobito Corridor could drive business in sectors such as Transport, Energy, Trade, Industry, and Agriculture. Also known as the Benguela Railway (CFB), this transportation route represents a vital connection between inland Africa and the Atlantic Ocean, including

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Oil Economy Local News

Angola’s Oil Production Surges in January Exceeding Expectations

25, February, 202525, February, 2025

Angola’s oil production in January reached 32.6 million barrels, averaging 1.0 million barrels per day (BOPD)—a 2.8% increase compared to the previous month. According to the National Agency for Petroleum, Gas, and Biofuels (ANPG), which released its monthly report on Wednesday, associated gas production during the same period amounted to 85.476 billion cubic feet, with a daily average of 2.757 billion cubic feet (MMSCFD). Of this daily output: The report highlights that barrel of oil

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Local Transport and Logistics

Minister Ricardo Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

25, February, 202525, February, 2025

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President

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Corporate News Exploration Local Oil

Angola Signs Oil Exploration Agreement with TotalEnergies and ExxonMobil

25, February, 202525, February, 2025

The National Agency of Petroleum, Gas, and Biofuels (ANPG) has signed an agreement to assess the potential of free areas in Block 17/06 and Block 32/21. The agreement, signed on Friday, the 14th, involves TotalEnergies and ExxonMobil, marking a renewed effort to explore Angola’s fossil fuel resources. The signing ceremony was attended by ANPG Chairman Paulino Jerónimo, TotalEnergies’ General Director Martin Deffontaines, and ExxonMobil’s General Director Katrina Fisher. Jerónimo emphasized the agency’s commitment to fostering

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Local Corporate News Oil

Red Sky Energy Eyes Expansion in Angola with Block 6/24 Stake Acquisition

25, February, 202525, February, 2025

Australian exploration and production company Red Sky Energy is actively pursuing new investment opportunities in Angola following its acquisition of a 35% stake in Block 6/24 in January 2025. CEO Andrew Knox shared with Energy Capital & Power that the acquisition marks the company’s entry into the African market and sets the stage for further portfolio expansion, focusing primarily on existing fields and those already in production. Knox emphasized the company’s ambition to create a

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Local Corporate News Oil

Agogo FPSO Set to Boost Angola’s Block 15/06 Production

25, February, 202525, February, 2025

The Agogo FPSO is preparing to sail from China to Angola’s Block 15/06, where it will form part of the Agogo Integrated West Hub Development. Once in place, the FPSO will increase Block 15/06’s production by 120,000 barrels per day, with operations set to begin in late 2025. Completed six months ahead of schedule, the Agogo FPSO is equipped with state-of-the-art features, including a combined cycle power generation unit, advanced electrification and digital automation, a

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Corporate News International Oil

Afentra Increases Reserves and Contingent Resources at Angola’s Block 3/05

25, February, 202525, February, 2025

Afentra has reported a significant increase in reserves and contingent resources at Angola’s Block 3/05, based on an updated assessment by ERC Equipoise. As of 31 December, the company’s total net 2P working interest reserves rose to 34.2 million barrels, while gross reserves reached 114 million barrels. Over the past 18 months, Afentra achieved a 140% reserve replacement ratio, with newly added reserves surpassing the 11 million barrels produced during this period. The company’s net

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Corporate News International News Oil

Woodside Energy Increases Reserves Estimate for Senegal’s Sangomar Oil Field

25, February, 202525, February, 2025

Woodside Energy has updated its hydrocarbon reserves estimate for the offshore Sangomar oil field off the coast of Senegal, after analyzing the performance of the S500 reservoirs. The revision has resulted in an addition of 16.2 million barrels of oil equivalent to the proven reserves (1P). With this update, Woodside now estimates the field’s proven and probable reserves (2P) at 15.4 million barrels of oil equivalent, surpassing initial projections. The revised reserve estimate strengthens expectations

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Corporate News Renewable Energy

ACWA Power to Build 2GW Wind Farm in Egypt, Expanding Regional Renewable Energy Reach

25, February, 202525, February, 2025

ACWA Power, Saudi Arabia’s renewable energy leader, has announced plans to construct, own, and operate a 2GW wind power plant in South Hurghada, Egypt, which is expected to provide electricity to nearly 2 million homes. The project, valued at SAR 8.6 billion ($2.3 billion), is backed by a 25-year power purchase agreement (PPA) with Egypt’s state-run Electricity Transmission Company. ACWA Power aims to reach financial close on the project by next year, pending the completion

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Corporate News International Oil Petroleum

Dangote Refinery to Meet Nigeria’s Fuel Demand

25, February, 202525, February, 2025

Aliko Dangote, President of Dangote Industries Limited, announced that his refinery has sufficient Premium Motor Spirit (PMS) in storage to meet Nigeria’s full local fuel demand. Dangote made this statement following a visit by Zambia’s Minister of Energy, Mr. Makozo Chikote, and his delegation, who toured the refinery complex. The billionaire businessman revealed that the refinery currently holds over half a billion liters of petroleum products, valued at more than ₦600 billion. “We have more

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