Corcel, the pan Angola-Brazil focused energy company, has announced that its 90% subsidiary, Atlas Petroleum Exploration Worldwide Limited (APEX), has received authorisation from the National Concessionaire of Angola, the National Agency for Petroleum, Gas and Biofuels (ANPG) for the assignment of an additional 20% interest in its operated block KON-16, onshore Angola. The assignment of […]

Corcel Plc the pan Angola-Brazil focused exploration and production company has announced that the its contractor, Metatek Group, has completed the acquisition of data phase of the Enhanced Full Tensor Gradiometry Survey (“eFTG”) on Block KON-16 as originally announced on 7 June 2024. KON-16 is 35% owned and operated by Corcel, through its subsidiary Atlas Petroleum […]

As part of its growth strategy, Etu Energias, SA has concluded its agreement with GALP for the indirect acquisition of a 5% stake in Block 32 and 9% in Block 14, 4.5% in Block 14K in offshore Angola.The conclusion of this deal represents the materialization of the purchase and sale agreement between the subsidiaries of […]

Since the Restructuring of the Angolan oil sector resulting in2019which led to  the creation of the National Petroleum, Gas and Biofuels Agency (ANPG), Angola oil and gas sector has witnessed rapid increment in her crude oil and gas production This economic great feat which might be attributed to successive launches of licensing bid rounds, the […]

Aker Solutions has secured a sizeable long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator Azule Energy. The operator is Angola’s largest independent equity […]

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANPG and Gaspar Martins, Chairman and CEO of Sonangol, to announce the Final Investment Decision of the Kaminho deepwater project. […]

Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Limited, an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the […]

Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over the course of the construction […]

Afentra plc the upstream oil and gas company focused on acquiring production and development assets in Africa, provides the following update regarding the previously announced Angolan acquisition. Government Approval of Azule Acquisition Afentra is pleased to announce that it has received approval from the Government of Angola for the previously announced acquisition of a 12% […]

Further to the announcement of 12 February 2024, Corcel Plc (London AIM: CRCL) provides an update on the testing of the TO-14 well in the onshore Block KON-11, in Angola, where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest hydrocarbon producers in Angola. Operations Update: Testing of the […]