Saipem stacks up more drilling in West Africa, Middle East
Saipem has won three new drilling contracts in the Middle East, and two in West Africa, with a total value of $800 million.
Angola
Angola exempts Chevron from offshore drilling waste restrictions
Angola has exempted Chevron from complying with environmental policies, allowing it to dump oil waste directly into the ocean offshore Cabinda.
Seadrill extends Angola deal with day rate inflation
Seadrill has extended a contract for its Libongos drillship in Angola for another 12 wells, scoring a $402,500 per day rate.
OPEC slashes production, Biden talks tough
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
TotalEnergies plans out new Angola hub for 2023
TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds.
McDermott wins Begonia work off Angola
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Zambia talks oil with Saudi, as IMF steps in to support plans
Zambia is in talks with Saudi Arabia to secure fuel supplies, while also seeking support from the International Monetary Fund (IMF).
Angola plans to sell stake in national oil firm Sonangol by 2027
Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years, according to the chairman of the government’s asset-management agency.
Saipem wins $900mn EPC contract on Angola’s LNG extension
Saipem has won contracts under Angola’s New Gas Consortium (NGC), to develop new sources of feedstock for the Angola LNG (ALNG) plant.
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.
Total tees up a trio of energy projects in Angola
TotalEnergies has taken a final investment decision (FID) on Begonia, a field in Angola’s Block 17/06.
Yinson wins BP option for FPSO deployment in Angola
BP has signed an exclusive option with Yinson for an FSPO to work on the proposed PAJ project, in Angola’s Block 31.
Refining drives doubling of TotalEnergies’ second quarter income
TotalEnergies has reported net income of $5.69 billion, up more than two and a half times from the first quarter, driven largely by its downstream and chemicals operations.
Eni, ANPG reach greenlight for first gas development in Angola
A group of foreign investors in Angola have taken the final investment decision (FID) on the New Gas Consortium, paving the way for more gas deliveries to the Angola LNG plant.
Angola boosts oil revenues, cuts debt
Angola exported $11.8 billion worth of oil in the second quarter of the year, from 103.6 million barrels of oil.
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.
Eni commissions Luanda refinery unit, while Zambia talks product pipelines
Angola has inaugurated a new unit at the Luanda refinery, with Zambian officials expressing their interest in securing fuel supplies from their neighbour.
TotalEnergies commits $850mn to Angola add-on
TotalEnergies and its partners on Angola’s Block 17 have taken the final investment decision (FID) on the $850 million CLOV Phase 3 development.
Sobriety has the upper hand, for now, in exploration
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
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.
Exxon signs up Maersk Supply Service ahead of Angola drilling
ExxonMobil has awarded Maersk Supply Service work supporting drilling and production offshore Angola, in Block 15.
Afreximbank, APPO sign up to energy bank plan
Afreximbank has signed a memorandum of understanding (MoU) with the African Petroleum Producers Organization (APPO), with the dream of creating an energy bank.
Eni sees African opportunities, including in its trees
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Africa’s petroleum exploration hot spot – find out about Angola’s latest bidding round at CAPE VIII
The Angolan National Oil, Gas and Biofuels Agency (ANPG) on April 5 opened a tender for eight oil blocks in the Lower Congo and Kwanza offshore basins.