By Written Aydanur Akkurt Africa Gas & Power & Edited by Oilfield Africa Review.  As Mozambique attracts billions of dollars into mega-LNG ventures which will propel the country into a global LNG exporter, domestic gas valorization and monetization will be a crucial factor to turn a gas revolution into an economic success story. The impact […]

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 […]

Ramform Sovereign has completed a large acquisition project offshore Angola using multisensor GeoStreamer technology. Operational and geological objectives were achieved successfully and safely, despite the Covid-19 restrictions. The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia, completing a large MultiClient footprint of […]

ReconAfrica has reported that it is now funded to initiate and complete a three well drilling program in the most opportune parts of Kavango Basin, with the initial goal of establishing an active Permian aged petroleum system. ReconAfrica is scheduling the spud of the first well (6-2) early December, 2020 but is aware additional logistical […]

Total E&P Mozambique Area 1, operator of the Mozambique LNG project, has announced that it has signed a new Memorandum of Understanding with the Government of Mozambique regarding the security of Mozambique LNG project activities. The MoU provides that a Joint Task Force shall ensure the security of Mozambique LNG project activities in Afungi site […]

The front-end engineering design phase for a proposed greenfield liquefied natural gas (LNG) import terminal at the Port of Matola, in the Mozambican capital of Maputo, is underway and the developers of the project are now intensifying discussions with potential energy and industrial off-takers in both Mozambique and South Africa. The project is being developed […]

The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is set to be the largest […]

Tower Resources plc an oil and gas company with a focus on Africa has announced an update on its activity in respect of license PEL 96 in Namibia, covering blocks 1910A, 1911 and 1912B off Namibia. Tower has noted the announcement by Global Petroleum Ltd of updated prospective resource estimates in respect of its license PEL 94, […]