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 […]

State-run China National Offshore Oil Co said  that it had signed oil exploration and production concession contracts with Mozambique’s energy ministry and national energy company ENH.The contract is for five offshore blocks in waters off the African nation and covers a total area of about 29,000 sq km (11,200 sq miles) with water depths from […]

Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter. TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp is seeking to sell in the MOPANE discovery, said the […]

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 […]

Sintana Energy Inc. has announce that Chevron Namibia Exploration Limited (CNEL), an affiliate of Chevron Corp. (“CVX”) has executed an agreement effective April 28th that provides for their entry into Petroleum Exploration License 82 (PEL 82) with the assumption of an 80% working interest and operatorship.  NAMCOR, the National Petroleum Corporation of Namibia, and Custos […]

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% […]

Sintana Energy Inc  has  announced that it has entered into a definitive agreement dated effective April 24th, 2024 with Crown Energy (Pty) Ltd.,  a private Namibian company providing for the acquisition by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments (Pty) Ltd. Giraffe is the […]

Sintana Energy has provided update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as one of the world’s most prospective oil and gas regions. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia […]