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Energy Gas Mining

Saipem Wins $900 Million Contract in Angola

18, August, 202219, August, 2022

Angola’s New Gas Consortium – comprising Azule Energy, Chevron, Sonangol and TotalEnergies – has awarded Italian multinational oilfield services company, Saipem, three engineering, procurement and construction (EPC) contracts. The contracts are for the development of the Quiluma and Maboqueiro (Q&M) fields located in the Lower Congo Basin, offshore Angola. The one onshore and two offshore contracts, estimated at a total $900 million, will see Saipem conduct EPC work including hook-up and commissioning assistance for the Quiluma platform.

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Oil Energy Mining

Angola to start talks on trade deal with EU in bid to diversify from oil

18, August, 202218, August, 2022

Angola and the European Union are set to start talks for a trade deal this year after EU and African partners approved a request from the oil-producing nation to join a regional trade bloc, according to an EU document and an official. The green light to start negotiations came in late July, an EU document shows, shortly before the southern African country holds general elections next week. “We are now in a position to open

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Oil Energy Gas Renewable Energy

International Energy Companies in Angola, Nigeria Illustrate Importance of Creating Enabling Environments (By NJ Ayuk)

16, August, 202218, August, 2022

Last fall, I wrote (https://bit.ly/3zPqScP) about the importance of African governments doing everything they could to encourage international oil companies (IOCs) to continue operating in their countries. IOCs play an important role in supporting economic growth, job creation, capacity building, and knowledge sharing. Currently, two IOCs in particular — Azule Energy in Angola and Shell Petroleum Development Corporation of Nigeria (SPDC) — have tremendous promise to deliver those benefits on a long-term basis. Azule Energy,

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Economy Gas Oil

Angola Strengthens Regional Cooperation to Foster Trade and Economic Diversification

16, August, 202216, August, 2022

The Republic of Angola is a vast country with a coastline spanning 1,600km, sharing borders with Namibia to the south, and Zambia and the Democratic Republic of the Congo (DRC) to the east and northeast, respectively. A lower middle-income country, the backbone of Angola’s economy is driven by its oil industry, which, along with fishing, are the country’s main sources of foreign investment. The upstream oil industry is Angola’s primary source of foreign exchange, contributing

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Oil

Azule Energy is now ‘official’ and sets a production target of 250,000barrels of oil daily

10, August, 202210, August, 2022

Azule Energy, the new joint venture of British BP and Italian ENI in Angola, was officially presented this Monday in Luanda. With the assumed ambition of turning this joint venture into the largest oil and gas production company in the country, the first objectives were set: production of 250,000 barrels/day over the next five years and a leading role in the natural gas subsector. In a statement, ENI said that Azule Energy wants to be

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Energy

Power from the public grid arrives at the Port of Lobito container terminal

10, August, 202210, August, 2022

The container terminal in the Port of Lobito is, since last Monday, benefiting from energy from the public grid, with the entry into operation of an energy transformation station. This station, which started eight years after it was inaugurated, has a capacity of 15 kilovolts and will ‘illuminate’ the light poles to simplify work at night. In addition, it will also make the heaviest cranes work. This equipment had an investment of around 65 million

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Gas Oil

ANPG and TotalEnergies signed contracts for onshore exploration of eight blocks

10, August, 202210, August, 2022

The national oil concessionaire, TotalEnergies and the associates of Block 48 signed this Thursday, in Luanda, contracts for the exploration of three blocks in the Congo onshore Basin and another five in the Kwanza onshore Basin. At the ceremony, the president of the National Agency for Petroleum, Gas and Biofuels (ANPG), Paulino Jerónimo, stressed that the signing of the contracts is the culmination of a long negotiation process. Paulino Jerónimo “strongly” congratulated the investors, partners

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Infrastructure

AIPEX and Quanten Consortium sign a contract for the construction of the Soyo Refinery this Wednesday

10, August, 202210, August, 2022

The investment contract for the construction and operation of the Soyo Refinery (Zaire province) will be signed this Wednesday. In the amount of 3.5 billion dollars, the document will be signed between the Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola. The future refinery will have a processing capacity of 100,000 barrels of oil per day and will guarantee around 900 direct jobs. “The referred project is external (United States), and is

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Oil

MTI Energy explores Congo and Kwanza blocks

10, August, 202210, August, 2022

Canadian oil company MTI Energy begins this year with seismic studies to explore the shared blocks of the Congo and Kwanza onshore basins, tendered by the National Agency of Petroleum, Gas and Biofuels (ANPG) With a production of 25,000 barrels of oil/day, MTI Energy will explore Block 5, in the Congo basin, where it has a 50 percent share in production. In this basin, the Canadian oil company shares exploration with Prodoil (15 percent), Prodiaman

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Oil

Brent barrel for October delivery up 1.77%

10, August, 202210, August, 2022

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in October ended, this Monday, on the London futures market up 1.77%, to US$96.60. The data on Chinese exports for July, above what analysts had anticipated, boosted investors’ perspectives on the evolution of oil demand. Despite the result of the session having been positive for the price of a barrel during the day, it was evolving by

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