Oil & Gas

Article

Angola Oil & Gas (AOG) 2024 Panel to Explore Policy as a Catalyst for Human Capital Development

11 September 2024 - Angola’s upstream oil and gas sector is expected to grow 1.5% between 2022 and 2027, driven by the country’s project pipeline and six-year licensing round. While large-scale oil and gas projects have historically been led by foreign players, a strong lineup of Angolan-based E&P firms are strengthening their presence across the market.

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AOG 2024 to Solidify Angola’s Position as an Emerging Gas Powerhouse

11 September 2024 With plans to increase the share of natural gas in its energy matrix to 25% by 2025, Angola is promoting investments in both associated and non-associated gas ventures. Already a major LNG exporter, Angola’s gas market offers lucrative opportunities, particularly across the LPG, gas-to-power and distribution industries.

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Republic of Congo Hydrocarbons Minister to Discuss Gas Monetization at AOG 2024

4 July 2024-Both ROC and Angola have set bold production targets, aiming to increase oil output to 500,000 barrels per day (bpd) and 1.1 million bpd, respectively. Both countries’ favorable investment climates have sparked the interest of a strong slate of E&P firms, with AOG 2024 set to not only support national oil and gas objectives, but also offer a platform for engagement in emerging cross-border projects.

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Article

Sonangol Looks to Strengthen Regional Ties in Oil and Gas

4 July 2024 -The Angolan government aims to complete the privatization of its National Oil Company (NOC) Sonangol by 2026. The privatization process will diversify the government's 30% stake in the NOC, attracting private investors to help Sonangol expand its operations across the oil and gas value chain. The privatization initiative not only supports Sonangol’s ambition to become a competitive operator but reaffirms the company’s position as a strong partner for regional NOCs.

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Angola Oil & Gas (AOG) 2024: Angola’s Premier Deal Signing Platform

4 July 2024 -Scheduled for October 2-3 in Luanda, this event is set to be a major deal-signing platform. The conference will feature discussions on investment trends, technological advancements, and market dynamics. Key industry players such as TotalEnergies, Chevron, and ExxonMobil will participate, providing insights into future industry trends and strategies.

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Angola’s infrastructure to support new oil and gas development ahead of 2025 licensing round

4 July 2024 -Angola is enhancing its infrastructure to support new oil and gas developments. This includes the construction of an integrated terminal and logistics hub in Soyo and the development of the Kwanza Terminal and Pipeline Routes Project. These projects aim to boost production capacity and support new discoveries, with incentives like tax holidays for investors.

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Angola to Spud 43 Wells in 2024

4 July 2024- Angola is planning to increase its drilling activity by 16% this year, with a total of 43 wells expected to be drilled. This initiative is part of the country's strategy to boost oil production to 1.2 million barrels per day. The increased drilling activity follows the results of the recent bid round for 12 blocks in the Lower Congo and Kwanza onshore basins.

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ExxonMobil makes new oil discovery on Angola's Block 15: sources

4 July 2024- ExxonMobil has made a new oil discovery in Block 15, specifically at the Likembe-01 well. This discovery is part of an effort to reverse the production decline in one of Angola's largest oil-producing blocks. The well was drilled to a maximum water depth of 3,013 meters and encountered hydrocarbons, indicating significant potential for boosting output from this mature field.

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