Afentra has received approval from the Government of Angola for the acquisition from Sonangol Pesquisa e Producao S.A. (‘Sonangol’) of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola (the ‘Sonangol Acquisition’) pursuant to a sale and purchase agreement between Sonangol and Afentra’s wholly-owned subsidiary, Afentra (Angola) […]

Corcel  has witness successful progress on the drilling results of the Tobias-13 (“TO-13”) well in onshore Block KON-11, in Angola, where the Company has a 20% working interest (18% net). The operator is Sonangol, the largest hydrocarbon producer in Angola. Antoine Karam, Executive Chairman of Corcel, commented: “The initial results of the TO-13 well are an […]

The National Agency of Petroleum, Gas and Biofuels (ANPG) have disclosed the agency preparedness in launching the country next onshore licensing bid round  this month end. The agency in its capacity as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, has recently […]

Afentra plc an upstream oil and gas company listed on AIM and focused on acquiring production and development assets in Africa, has stated that, further to the announcement made on 19 July 2023 regarding the proposed acquisition of interests in Block 3/05 and Block 3/05A from Azule Energy Angola Production B.V.  and the amendment to […]

Oceaneering International has disclosed that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with combined total value in excess of $100 million. Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project. The scope of work includes air and saturation diving services, […]

The National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy, in partnership with Equinor, today signed a Production Sharing Agreement (PSA) for Block 31/21. The agreement, which results from the 2021/2022 Limited Offshore Licensing Round, is a significant stride towards advancing exploration in the Lower Congo Basin.  The block, which will be operated […]

Azule Energy has awarded Aker Solutions a fresh major contract to provide subsea umbilicals for the Ndungu project in Angola. The contract which includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length according to Aker Solutions is quite a sizeable contract and will cost between NOK 0.5 billion and NOK 1.5 […]

Corcel, the extractive industries exploration and development company, with interests across battery metals and oil and gas, has announced that it has signed its first oil and gas acquisition with the purchase of a 90% interest in Atlas Petroleum Exploration Worldwide Limited (“APEX”), that has working interests in several historically producing oil assets in the […]

Afentra confirms that an Executive Decree to formally approve the period of the Block 3/05 licence extension, extending the production sharing agreement (‘PSA’) to 31 December 2040, has been published in the Diário da República. The recent agreement between the Block 3/05 JV partners and ANPG (the Angolan Oil & Gas regulator) on the licence […]

Angola has indicated readiness to contribute to the development of the oil sector in Namibia. The National Agency for Petroleum, Gas and Biofuels (ANPG) recently signed a Memorandum of Understanding (MoU) with its counterpart in the Republic of Namibia, Directorate of Petroleum Affairs (DPA in English, Directorum of Petroleum Affairs), during the international conference called NIEC (Namibia […]