Angola News


Angola leaves OPEC

Dec 21, 2023

Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil minister Diamantino Azevedo said on Thursday.Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day…

Petro Services, Ocean Installer Win Umbilical Repair Project Work Offshore Angola

Nov 13, 2023

Petro Services and its main subcontractor, Ocean Installer today announced they have been awarded a contract from TotalEnergies EP Angola and it’s Block 17 partners, to execute an umbilical recovery and reinstallation scope on the Pazflor FPSO…

KCA Deutag Wins $60 Million Offshore Drilling Services Deal in Angola

Sep 07, 2023

Oil and gas drilling services company KCA Deutag has won a one-year contract extension worth $60 million, for the provision of drilling operations and maintenance services on two offshore platforms in Angola with an undisclosed client.The award…

Aker Solutions Wins "Sizeable" Order from BP-Eni JV for Offshore Angola Project

Aug 03, 2023

Norway's Aker Solutions has won a 'sizeable' contract from Azule Energy, a BP-Eni JV in Angola, to provide subsea umbilicals for the Ndungu project offshore Angola.Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $48…

TechnipFMC to Supply Flexible Pipe for Ndungu Project, Offshore Angola

Aug 03, 2023

Oilfield services and equipment provider TechnipFMC said Wednesday it had received a significant award from Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola.For TechnipFMC, a “significant” award is between $75 million and $250 million…

Congo Finalising Deal with Angola and Chevron Over Offshore Oil Block

Jun 06, 2023

Democratic Republic of Congo is nearing an agreement with neighbouring Angola over one of the offshore blocks between the countries that have been the subject of a 50-year dispute, Congo's oil minister told Reuters. Under the terms of the production-sharing deal proposed by Angola and Chevron…

TechnipFMC Wins "Substantial" Flexible Pipe Contract in Angola

Mar 02, 2023

Oilfield services firm TechnipFMC has won a contract with Azule Energy to supply flexible pipe for the Agogo Integrated West Hub Development Project, offshore Angola. Azule Energy, a BP and Eni joint venture in Angola, is the operator of Block 15/06 in Angola offshore…

Yinson, Azule Energy in Angola FPSO Deal

Dec 05, 2022

Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy.Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision…

ExxonMobil Strikes First Discovery in Angola Block 15 in Nearly 20 Years

Nov 09, 2022

U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola.The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers…

Angola: Sonadrill Wins 12-well, $402,500 Per Day Contract for Libongos Drillship

Nov 03, 2022

Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day.The total contract value for the firm part of the deal is around $327 million, inclusive of additional services…

Saipem Nets $900M Deal to Deliver Angola's First Non-associated Gas Project

Aug 11, 2022

Italian oilfield services firm Saipem said Thursday it had secured three new engineering and construction contracts - one onshore and two offshore - in Angola. The total value is around $900 million.The contracts are with the New Gas Consortium…

BP, ENI's JV Azule Energy Established

Aug 04, 2022

BP and ENI have confirmed that Azule Energy, a new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established. Azule Energy is now Angola’s largest independent equity producer of oil and gas…

TotalEnergies FIDs £850 Million Angolan Tieback

Jul 29, 2022

TotalEnergies has made a final investment on the $850 million Begonia project in Block 21, Angola. The project is the first development of block 17/06, 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo…

Eni Takes FID on Angolan Gas First

Jul 28, 2022

Eni, with its partners in the New Gas Consortium, has taken a final investment decision in Angola's first non-associated gas development project, the development of the Quiluma and Maboqueiro (Q&M) fields.The project includes two offshore wellhead platforms…

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