ANPG dishes out onshore licences, Afentra and Serinus picked
Afentra CEO Paul McDade said the company was committed to working in Angola. The next step involves negotiating licences with ANPG.
Afentra
Afentra’s McDade praises Angola’s oil industry embrace
“We’re confident we can complete by year end. We’ve been through it with the INA deal and hopefully we can be more efficient this time around,” he said.
Afentra tweaks Sonangol deal, signs Azule purchase
“We’ve been reassured that approval for both transactions will be relatively efficient, they should be done before the end of the year”.
Angola makes its pitch: “Flexibility is our middle name”
Angola’s regulator is focused on attracting investment into the upstream, putting a particular focus on new investment from medium and small companies, according to a recent presentation.
Afentra appoints former Cote d’Ivoire oil minister
“The appointment of such a heavy-weight candidate reflects Afentra’s strong ambition to build a material and credible player within the African energy sector as we seek to play an important role in a responsible energy transition across the continent.”
Afentra completes INA deal, eyes on Sonangol next
The licence extension was a condition for Afentra’s deal with Sonangol. The company agreed in April 2022 to pay $80mn for a 20% stake in Block 3/05. At the time, Afentra said it expected the deal to complete in the third quarter of 2022.
Afentra returns to market with sights on closing Angola deals
Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
Afentra doubles down in Angola with INA deal
Afentra has struck a second deal in Angola, boosting its stake in Block 3/05, via an agreement with Croatia’s INA.
Angola sets out its stall in bid to boost production
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Afentra moves Sonangol deal forward on two blocks
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Clash of the conferences: Dubai vs Cape Town
Africa Oil Week (AOW) and African Energy Week (AEW) have gone head to head, competing for interest and delegates to come to Dubai and Cape Town respectively.
Sonangol farm-out plans disappoint
Results from Sonangol’s farm-out plans have been a “disappointment”, Welligence Energy Analytics has reported.
Energy poverty vs ESG emission concerns
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
McDade launches Afentra with eye on African acquisitions
Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.