Africa’s refining industry on the path of recovery, shows new Hawilti report


The reopening of some refineries in Africa and the gradual commissioning of new facilities will mark the recovery of the continent’s downstream industry in 2023, according to Hawilti’s African Refineries Watch published today. While sub-Saharan Africa’s refining capacity is still under-utilised at some 40%, recovery is on the horizon with the re-opening of South Africa’s […]

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BREAKING: British junior enters onshore Angolan blocks with Apex Atlas acquisition


Corcel Plc, an AIM-listed company with interest across battery metals and oil & gas, has acquired a 90% interest in Atlas Petroleum Exploration Worldwide Limited (Apex Atlas), which was recently awarded operated and non-operated interests in onshore oil & gas blocks in Angola. The company is not to be confused with Atlas Petroleum International, the […]

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Angola: ExxonMobil to invest $200m in Namibe Basin exploration


Some $200m is being invested into exploring Blocks 30, 44 and 45 in the frontier Namibe Basin offshore Angola, according to the country’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET). The blocks are operated by ExxonMobil (60%) under Risk Service Contracts signed at the end of 2020 with Sonangol E&P (40%) and the Agency […]

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Chevron starts production from Lifua-A project offshore Angola


Angola’s Agency for Petroleum, Gas and Biofuel (ANPG) and Chevron’s local subsidiary CABGOC have announced the start of production from the Lifua-A project within Block 0. Chevron intends to develop the Lifua reserves via three different phases, Lifua-A, -B, and -C. Phase A relies on a stacked template structure (STS) platform with ten wells, including […]

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Could 2023 be a record high for offshore drilling in Africa?


Despite a very tight offshore rig supply market, 2023 might set a new 10-year high for Africa’s offshore drilling market as several development, infill, and exploration campaigns get executed this year. According to the Offshore Rigs Tracker released this week by Hawilti and the Caverton Offshore Support Group (COSG) Plc, over 30 rigs are already […]

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Angola: $7.8bn of contracts awarded for Agogo West Hub Project


Azule Energy has awarded several contracts worth some $7.8bn to international services companies for the development of its Agogo West Hub Integrated Project offshore Angola. The company is owned by bp and Eni. The project comprises 36 new wells producing via a 120,000 bopd FPSO vessel with a gas injection capacity of 230 MMscf/d and […]

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Hawilti launches “Gas for Africa” report with the International Gas Union (IGU), AU-AFREC, and AFC


Hawilti released an important new study on Gas for Africa in partnership with the International Gas Union (IGU), assessing the potential for domestic gas resources to energise Africa in line with the global energy transition. The African Energy Commission (AU-AFREC) and the Africa Finance Corporation endorse the report and its findings. The study starts by […]

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AMEA Power on an exponential growth trajectory in Africa


AMEA Power, a Dubai-based developer, owner and operator of green energy projects, has developed a strong appetite for Africa over recent years. The company already built West Africa’s biggest solar plant, a 50 MW PV facility in Blitta, Togo. Its commissioned and under-construction solar projects total some 130 MW, spread between Morocco, Burkina Faso, Togo, […]

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Azule Energy continues to make progress on new Agogo hub in Angola


Azule Energy has signed an Agreement for Preliminary Activities (APA) with Yinson Azalea Production Pte Ltd to commence all preliminary activities for the provision, operation and maintenance of a FPSO asset for the Agogo Integrated West Hub Development Project offshore Angola. Agogo will be the third FPSO on Block 15/06, operated by Eni Angola (now […]

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Angola: ExxonMobil makes new discovery on Block 15


Angola’s National Oil, Gas and Biofuels Agency (ANPG) has announced a new discovery at the Bavuca Sul-1 well on Block 15. The block is operated by ExxonMobil (36%) in partnership with Azule Energy (42%), Equinor (12%) and Sonangol E&P (10%). ExxonMobil is currently executing a redevelopment programme on the block, following a June 2019 agreement […]

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Angola: 12-well extension contract for the Libongos drillship


Sonadrill, the joint-venture between Seadrill and Sonangol, has secured a 12-well extension in Angola for the Libongos drillship, Seadrill announced today. The firm portion of the contract is worth $327m with commencement expected in Q4 2022 with a firm-term of approximately 25 months. The Libongos drillship was already under a multi-year contract with Eni Angola, […]

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TechnipFMC sees at least $4.5bn worth of subsea opportunities in sub-Saharan Africa


TechnipFMC foresees between $4.5bn and $7bn of subsea opportunities in Angola, Nigeria, and Côte d’Ivoire over the coming 24 months, according to its latest earnings presentation. Angola Angola will continue to dominate the market in terms of projects’ scope and value, as it has for the past couple of years. The implementation of an enabling […]

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All gas: Eni takes FID on Quiluma and Maboqueiro gas project in Angola


Italian major Eni has announced the successful completions of negotiations to start up the New Gas Consortium (NGC) in Angola. The partnership was announced in late 2019 and includes Eni as operator (25.6%) along with Chevron (31%), bp (11.8%), TotalEnergies (11.8%), and Sonangol (19.8%). The consortium is developing Angola’s first non-associated gas project by focusing […]

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Angolan Government awards concession tender for critical Lobito Corridor railway


The Angolan Transport Ministry has awarded the 30-year concession for rail services and logistics support over the Lobito Corridor to the consortium of Trafigura (49.5%), Mota-Engil (49.5%), and Vecturis (1%). The Lobito Corridor is a key route that connects mines in the D.R. Congo to the Lobito Port in central Angola, from where commodities can […]

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How decentralisation can support the expansion of Africa’s refining sector


by Souheil Abboud, Managing Director, VFuels LLC. Africa’s refining capacity has traditionally been concentrated around key hubs in Algeria, Egypt, South Africa and Nigeria. Combined, these four countries represent almost 75% of Africa’s installed refining capacity thanks to large-scale refineries that operate with various levels of reliability. However, Nigeria and South Africa have lost their […]

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Afentra acquires interest in producing and exploration blocks offshore Angola


Afentra has officialised its entry in Angola with the signing of Sale and Purchase Agreement (SPA) with Sonangol’s upstream subsidiary Sonangol Pesquisa e Produção. The one-year old, AIM-listed independent is acquiring from Sonangol a 20% non-operated interest in the producing Block 3/05 and a 40% non-operated interest in exploration Block 23 for up to $130m, […]

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Exploration in Angola: find out about the country’s latest bidding round at Cape VIII


On April 5th, the Angolan National Oil, Gas and Biofuels Agency (ANPG) opened a tender for eight oil blocks in the Lower Congo and Kwanza offshore basins. These include Blocks 16/21, 31/21, 32/21, 33/21 and 34/21 in the Lower Congo and Blocks 7/21, 8/21 and 9/21 in the Kwanza Basin. In the presence of Minister of Mineral Resources, Petroleum […]

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After Rio Tinto, De Beers also seals deals for diamond exploration in Angola


De Beers Group announced yesterday the signing of two Mineral Investment Contracts (MICs) with the Government of Angola for licence areas in north-eastern Angola. Both contracts formalize the award and exercise of mineral rights over a period of 35 years each, allowing De Beers Group to explore and mine diamonds in the southern African country. […]

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Angola: Eni’s discovers at least 500m additional barrels at Ndungu field


Eni has upgraded its field estimate at Ndungu on Block 15/06 offshore Angola at 800 million to 1 billion barrels of oil equivalent in place following the successful drilling of the Ndungu-2 appraisal well. The Ndungu-1 discovery well had been drilled in 2019 with original oil in place (OIIP) of 257m barrels according to Sonangol. […]

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Can African oil producers help the world end reliance on Russian oil and gas?


Unlocking Africa’s oil and gas potential is now imperative against the backdrop of the war in Ukraine and the resulting crude, diesel, and gas supply crunch. This has rendered European dependence on Russian energy untenable, creating a major opportunity for Africa to position itself as a crucial option to increase the supply to the global […]

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VFuels to offer renewable energy solutions for African oil & gas assets


VFuels LLC, the American oil and gas engineering, design and fabrication firm that has already delivered several modular process equipment on the continent, has entered into a joint-venture agreement with Earth Technologies to develop and install clean energy infrastructure for African oil & gas assets, including refineries. Earth Tehnologies is a renewable energy company with […]

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Eni achieves first oil from Ndungu offshore Angola


Eni has announced the start of production from its Ndungu early production development project on Block 15/06 offshore Angola. The field was discovered in 2019 and is now tied-back to the Ngoma FPSO and is the third startup on the block in only seven months. The project has an expected production rate of 20,000 barrels […]

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Africa Finance Corp. attracts fresh capital from Asia and the Middle East


The Africa Finance Corporation (AFC) has raised $400m in a new syndicated loan to support the development of infrastructure on the continent and aid in the post-pandemic recovery. Strong interest from investors led to the offering being 2.5 times oversubscribed, leading to a total facility of $100m above the initial target. This is the AFC’s […]

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TotalEnergies start production at CLOV 2 tie-back offshore Angola


TotalEnergies has achieved first oil from a second subsea tieback project in Block 17 offshore Angola. The French major has announced start of production at CLOV 2 today, a new tie-back expected to reach a peak of 40,000 barrels of oil equivalent per day (boepd) in mid-2022. The entry into production of CLOV 2 via […]

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