Sonangol, through its Research and Development Center (CPD) , and the National Electricity Transport Network (RNT) signed, on March 16, 2023, at the Hotel Intercontinental Luanda Miramar, the memorandum of understanding for yet another project of distribution of clean energies, an agreement that outlines the guidelines for the supply of electricity to the hydrogen and green ammonia production plant, […]

National Agency for Petroleum, Gas and Biofuels (ANPG) has improved the fiscal terms of blocks 30, 44 and 45 in the Namibe Basin, within the scope of the Contracts for Services with Risk (CSR) and Extension of the Initial Phases of Exploration for the referred Blocks, in a Memorandum of Understanding Signing Ceremony carried out with the entities involved […]

Galp Energia announced the sale to Angolan company Somoil of its stake in oil exploration and production in Angola, an operation that should be completed in the second half of this year. Galp Energia in its recent media release disclosed an agreement for the sale to the Angolan company Somoil of its oil exploration and […]

Angola’s Agency for Petroleum, Gas and Biofuel (ANPG) and Chevron’s local subsidiary CABGOC have announced the start of production from the Lifua-A project within Block 0. Chevron intends to develop the Lifua reserves via three different phases, Lifua-A, -B, and -C. Phase A relies on a stacked template structure (STS) platform with ten wells, including […]

Baker Hughes an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years. The scope of work includes 23 standard subsea trees, 11 Aptara manifolds, SemStar5 fiber optic controls and […]

Eni CEO, Claudio Descalzi, and the CEO of Sonatrach, Toufik Hakkar, have signed in Algiers two agreements which outline future joint projects on energy supply, energy transition and decarbonisation. The agreements were signed in the presence of the Prime Minister of Italy, Giorgia Meloni, and the President of the People’s Democratic Republic of Algeria, Abdelmadjid […]

Afentra has announced that it has received approval from the Ministry of Mineral Resources, Oil and Gas for the acquisition from INA-Industrija d.d. (INA) of a 4% interest in Block 3/05 and 4% interest1 in Block 3/05A offshore Angola (the INA Acquisition) pursuant to a sale and purchase agreement between INA and Afentra’s wholly-owned subsidiary, […]

PTTEP  an Angolan Incorporated company (PANG), and subsidiary of PTTEP, has entered into a Sale and Purchase Agreement (SPA) to sell its entire 2.5% participation interest in Block 17/06 Project in Angola to SOMOIL BLOCO 17/06 (SU), S.A., a wholly owned subsidiary of Sociedade Petrolifera Angolana, S.A (SOMOIL). Completion of the sale is expected by […]

Yinson Production (YP) is the offshore production business unit of Yinson Holdings Berhad, a global energy infrastructure and technology company headquartered in Malaysia. The Group has businesses in offshore production, renewables, green technologies and offshore marine, and a presence in 18 countries, has recently sealed an Agreement for Preliminary Activities (APA) with Azule Energy), through […]

Afentra provides the following update regarding the previously announced Angolan acquisitions. Sonangol Acquisition On 28 April 2022, the Company announced that its wholly-owned subsidiary, Afentra (Angola) Ltd, had signed a sale and purchase agreement (the ‘SPA’) with Sonangol Pesquisa e Producao S.A. (‘Sonangol’) to purchase non-operating interests in Block 3/05 and Block 23, offshore Angola. […]