The National Agency for Oil, Gas and Biofuels (ANPG) presented the opportunities that Angola offers in the oil sector, during the technical program of the Angola Oil & Gas Conference, which takes place in Luanda .The presentations made by the Director of Negotiations, Hélder Iombo, and by the Coordinator of the Incremental Production Project, Victor […]

The President of the Republic, João Lourenço, stated at the 5th Edition of the Angola Oil & Gas Conference that the Angolan Government is committed to the sustainable exploration of oil and gas and encourages the transition to renewable energy. The Head of State argued that the sector’s actions should promote the sustainable exploitation of fossil […]

McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 Project in Mozambique, a joint venture between ExxonMobil Development Africa B.V., Eni S.p.A. and CNODC Dutch Cooperatief U.A. The Rovuma LNG Phase 1 project represents a significant development […]

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 […]

Africa Energy Corp. a Canadian oil and gas exploration company focused on South Africa has announced that the joint venture partners in respect of Block 11B/12B, Offshore the Republic of South Africa, have obtained an extension to the deadline for the submission of the Environmental Impact Assessment Report (EIAR) to May 19, 2025.  In light of the withdrawal of the […]

In a bold bid to unveil Namibia’s onshore resource treasures, 88 Energy has launched a major new 2D seismic acquisition program for its petroleum exploration licence 93 (“PEL 93”) within the Owambo Basin’s uncharted Damara system. The ambitious initiative that covers 18,500 square kilometres of largely-unexplored territory – some 2.2 per cent of the entire […]

Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR, announce the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia.  The Company spud the Naingopo exploration well in the Damara Fold Belt onshore PEL 73 in northeast Namibia on July 7, 2024. The well will be drilled […]

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 […]