Nigeria and Angola are now the biggest crude oil drilling markets in Africa, according to an Offshore Rigs Tracker, the Hawilti and the Caverton Offshore Support Group Plc
Since taking office in 2017, President João Lourenço has maintained a positive bearing on strengthening and enhancing Angola’s oil and gas sector and focusing on enriching its population
TechnipFMC has been awarded a significant contract by Azule Energy to supply subsea production systems for the Block 18 Infills development, offshore Angola.
The Democratic Republic of the Congo’s Hydrocarbons Minister Didier Budimbu and his Angolan counterpart Diamantino Pedro Azevedo have agreed to sign the Memorandum of Understanding (MoU) for the development of Block 14 on July 13 in Kinshasa.
Over the past three decades, Angola has established itself as the premier destination for large-scale oil and gas investment.
Angola is China’s second-largest trading partner in Africa, with bilateral trade surpassing 27 billion US dollars in 2022.
Angola’s Ministry of Energy and Water Angola has secured $900 million in loan from the Export-Import Bank of the United States (EXIM) to fund the rollout of two large-scale solar PV projects.
As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector.
Angola’s oil and gas sector is witnessing an accelerated pace of new investments over the past few months thanks to the rising oil prices, Deutsche Bank said in a new report.
Heads of Angola’s major oil and gas companies – Sonangol, the National Agency for Oil, Gas and Biofuels (ANPG), Oil Derivatives Regulatory Institute (IRDP), ExxonMobil and Eni – delivered powerful opening addresses during the first day of the Angola Oil & Gas (AOG) 2022 Conference & Exhibition on Tuesday.