Chevron Expands Angola Assets
Chevron has signed two risk service contracts (RSCs) for Block 49 and Block 50 in the ultra-deepwater Lower Congo Basin of Angola through its Angolan subsidiary Cabinda Gulf Oil Company Limited, kicking off exploration work and laying the groundwork for development of the blocks, the African Energy Chamber said in …
Italian Saipem Has Signed a Contract with Azule Energy to Develop the Ndungu field offshore Angola
The contract value is $850 million. Italian energy company Saipem has awarded a contract to Azule Energy, a joint venture between Eni and BP, to develop the Ndungu field as part of the Agogo Integrated West Hub project offshore Angola. Saipem is one of the largest in the world, an …
ExxonMobil and Partners Discovered Oil in Block 15 Offshore Angola
The Angolan National Agency of Oil, Gas and Biofuels (ANPG) reported the successful drilling of the Likembe-01 exploration well, located in the Kizomba B development zone, Block 15, operated by ExxonMobil in partnership with Azule Energy, Equinor and Sonangol. Likembe-01 is located at a depth of 1200 meters, intersecting Miocene …
Angola Announced Its Withdrawal From OPEC
Angola withdrew from OPEC, the decision was made at the Council of Ministers chaired by the President. In November, the country reduced its oil production quota in 2024 from 1.28 million to 1.11 million barrels. per day. Angola has decided to withdraw from OPEC, the country’s Minister of Mineral Resources, …
TotalEnergies sold 40% of Block 20 in Angola to Petronas
TotalEnergies EP Angola Block 20 has closed the sale of a 40% stake in Block 20 of the Kwanza Basin (Angola) to Petronas Angola E&P Ltd (PAEPL, controlled by Malaysian Petronas) ahead of the start of development of the asset, the French oil company said. The transaction amount is $400 …
Angola Hopes to Stabilize Oil Production at 1.2 Million b/d in the Medium Term
Angola expects to stabilize oil production at the level of 1.2 million barrels per day in the medium term compared to the existing level of 1.15 million b/d, the Africa Oil+Gas Report portal reports with reference to the Director of production of the National Oil, Gas and Biofuels Agency (ANPG) …
Rosneft Delegation Held Negotiations in Angola
Rosneft delegation undertook a working visit to the Republic of Angola. The delegation is led by the Company’s Vice-President Andrey Shishkin. During the visit the delegation held negotiations with minister of petroleum José Maria Botelho de Vasconcelos, administration of Ministry of Electricity and Water represented by João Baptista Borges, and …
Maersk Oil Chooses Blue® Dopeless® Connections for Deepwater Well in Angola
TenarisHydril Blue® connections, Dopeless® technology and the assistance of local field service specialists combine for optimum performance under unexpected conditions. As the price of crude oil remains high and global demand continues to rise, oil companies are moving further from shore into ultra-deepwaters to explore the reserves offshore of Brazil, …