Angola
Somoil to Acquire Galp Assets in Angola for $830 Million
Galp has announced the signing of an agreement with Somoil for the divestment of its upstream assets in Angola.
Menu
Read the latest Archives of oil, gas and energy news.
Galp has announced the signing of an agreement with Somoil for the divestment of its upstream assets in Angola.
The Ministry of Transport of Angola and state-owned logistics firm, UNICARGAS, have signed partnership agreements to optimize port infrastructure and services with United Arab Emirates-based Abu Dhabi Ports.
The 35-day Daila oil field maintenance program will result in Angola exporting 30 cargoes in March.
Zambia has signed an agreement with Angola that would see the Southern African nation increase its fuel imports.
Afentra will acquire a four percent interest in Blocks 3/05 and 3/05A, respectively, working in partnership with national oil company Sonangol
Angola’s state oil giant, Sonangol, is set to offer up to 30% of its shares through initial public offering by 2027.
The Shelf Drilling Tenacious jack-up rig will continue operations offshore Angola through November 2024 and is currently working for Chevron subsidiary CABGOC.
Somoil has announced its acquisition of PTT Exploration and Production’s shares in Block 17/06, offshore Angola.
Angola’s diamond industry continues to boom, as the Lucapa Diamond Company achieves its highest diamond recovery rate at the prolific Lulo mine.
Producing approximately 1.16 million barrels of oil per day, Angola has overtaken Nigeria as Africa’s leading oil producer and boasts some of the most prolific fields on the continent.
