Angola – Oil & Gas 360

ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

April 17, 2025

(Oil & Gas 360) – April 17, 2025, Calgary, Alberta, Canada – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency (“ANPG”). ReconAfrica has entered into a Memorandum

Baker Hughes wins tech order for TotalEnergies FPSO project offshore Angola

October 15, 2024

(World Oil) – Baker Hughes has been awarded a contract to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola, the company announced Tuesday. The contract is to be booked in the third quarter of 2024. Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity to minimize

TotalEnergies eyes potential Petrobras partnership opportunities in Namibia, Suriname, Angola

September 23, 2024

World Oil (Bloomberg) – TotalEnergies is interested in partnering with Petrobras on projects outside of Brazil as the French supermajor expands in Latin America’s most populous nation, Chief Executive Officer Patrick Pouyanne said Monday. Namibia, Suriname and Angola were among the areas Pouyanne mentioned as potential cooperation zones. In Brazil, the offshore Mero project in the so-called pre-salt region, where

Angola’s 2025 oil and gas licensing round underscores attractive exploration opportunities in Africa

July 15, 2024

World Oil (WO) – With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors. Angola’s upcoming bid round offers 29 opportunities in oil-and-gas-rich basins, minimizing financial risk for exploratory companies. The process is transparent, efficient, and offers flexible contracts,

Chevron kicks off exploration in uncharted “ultra-deep” waters offshore Angola

June 19, 2024

World Oil (WO) – Chevron, through its subsidiary Cabinda Gulf Oil Company Limited, has signed two Risk Service Contracts (RSC) for Block 49 and Block 50 offshore Angola, in the ultra-deep waters of the Lower Congo Basin. These contracts, awarded January 2024, mark the beginning of exploration and development in these offshore blocks. Announced by the African Energy Chamber (AEC),

Angola quit OPEC to sustain oil production above 1MMbpd, top official states

January 5, 2024

World Oil (Bloomberg) – Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 MMbpd, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, which is making efforts to boost

Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms

May 22, 2020

Reuters LONDON/LAGOS – The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. The consequences could be grave for a poor country that relies heavily on oil revenues and is saddled with debts that exceed its economic output.

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

June 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Partnership seeks to redevelop offshore asset ExxonMobil (stock ticker: XOM) has entered into a production sharing agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels in order to further invest in the country’s offshore Block 15. Exxon’s Angola assets as of year end 2018 (source: Exxon 2018 financial

Premium Content