Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter has been seeking payment relief as it strives to overcome the hit from […]

The National Oil, Gas and Biofuels Agency, as a national concessionaire, has announced its intention to hold an international tender for the award of new oil concessions in Angola on April 30, 2021.There are nine blocks that are going to tender: three in the Terrestrial Basin of Lower Congo and six in the Terrestrial Basin […]

Total, operator, and its partners Equinor, ExxonMobil and BP have signed an agreement with national oil, gas and biofuels agency ANPG and state-owned Sonangol of Angola, to extend their consortium’s production licenses to 2045. As part of the agreement, Sonangol will obtain a 5% interest in Block 17 on the effective date and an additional […]

The election of Angola to the rotating presidency of the conference of ministers of OPEC has thrust Minister Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas of Angola to the forefront of efforts to stabilize global oil markets in 2021. The assumption of the Presidency of OPEC by H.E Diamantino could not have […]

The DS-12 rig will drill and complete 4 wells during the next six months. The Project was approved for development in December 2018 and the first oil is expected for 4Q 2021   Luanda 20 October 2020 – The bp Angola contracted drillship DS-12 arrived in Angola on 28 September to execute the drilling program for the […]

Total   is seeking divestment in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola’s offshore Block 14, which […]

Maersk Drilling has been awarded a three-well contract from Total E&P Angola for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17. The three-well contract has an estimated duration of 140 days, which means that Maersk Voyager is now contracted until Q2 2021. The firm value of […]

The National Oil, Gas and Biofuels Agency (ANPG) has signed, three Risk Service Agreements with ExxonMobil and Sonangol P&P that make it possible to increase the exploration area in the offshore area Angola), over 17,800 square kilometers. These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe basin. It is […]

Angola’s state oil giant made no money from core oil activities last year, a Reuters analysis of its full accounts shows, as billions of dollars of debt repayments ate up profits. The bleak disclosure within the company’s 121-page annual financial results published in Portuguese last week underlines the perils facing the impoverished, oil-dependent nation, even […]

DOF Subsea a leading provider of subsea project and marine services company has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project shall utilize Skandi Seven for a minimum of 303 firm vessel days plus 365 days of options. The Contract also includes the potential supply […]