Angola

Angola: Petronas and TotalEnergies’ honeymoon period continues in offshore

Posted on September 18, 2023September 18, 2023 by Mozambique Resources Post

On 13 September, the Angolan Ministry of Oil and Gas authorised the Malaysian oil giant Petronas to take over half of TotalEnergies’ 80% stake in Block 20/11. The block is located in the Kwanza basin, off the coast from the Angolan capital Luanda. Petronas now holds 40% of Block 20, TotalEnergies 40% and state-owned Sonangol 20%. TotalEnergies took over Block 20/11 in June 2020 after the US group Cobalt Energy International went bankrupt. The asset is of major importance as the American…

Angola: Lucapa nearly doubles diamonds resources

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation.

Mining vs Safety: At least 30 people die after Angola mine collapse

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

A deadly mine collapse in Angola has left at least 30 people dead.

Angola: Govt reorganises diamond sector

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

The diamond sector in Angola will be reorganised in a similar way to the oil sector, with the privatisation of state-owned companies and the creation of a regulatory entity, said the Minister of Mineral Resources and Oil.

Angola: Cabinet auctions off 55 oil blocks in 2019

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

Angola’s National Oil and Gas Agency (ANPG) is expected to auction 55 onshore and offshore oil blocks this year, the minister of Mineral Resources and Oil announced on Friday in Luanda.

Angola: Oil production increases by 22,000 barrels a day in February

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

Angola’s oil output rose by 22 million barrels per day (bpd) in February to 1.457 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC).

Angola: PGS, Sonangol in Kwanza 3D survey offshore

Posted on March 7, 2019March 7, 2019 by Mozambique Resources Post

Norwegian seismic services provider PGS, in cooperation with Angolan state-owned oil company Sonangol, is acquiring a new survey over the shallow-water shelf area of the Kwanza Basin off Angola.

Angola: Sonangol to keep shareholdings in Galp Energia

Posted on March 5, 2019March 5, 2019 by Mozambique Resources Post

Angola’s national oil company Sonangol will maintain keep its shareholdings in Portugal’s Galp Energia group, the Angolan President said in an interview with Portuguese TV station RTP.

Angola: Sonangol says country’s oil output fell in 2018 due to ageing fields

Posted on March 1, 2019March 5, 2019 by Mozambique Resources Post

Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018, from 1.632 million bpd the year before, due mainly to ageing oil fields, figures from state oil company Sonangol showed on Monday.

Africa Oil & Gas: Luanda refinery quadruples gasoline production

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

The Luanda Refinery will increase production to 1,200 tonnes by the end of 2021, quadrupling its current production of 300 tons, Sonaref president Joaquim de Sousa Fernandes said on Monday in Luanda.

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