The new oil refinery in Cabinda, Angola will now be commencing production by April, as it completes its first phase. According the project owners, the refinery will be commissioned in January-February, with its first supplies of fuels reaching the local market in March-April 2025.
Angola serves as sub-Saharan Africa’s second largest oil producing country, boasting an estimated 9 billion barrels of proven crude oil reserves and 11 trillion cubic feet of natural gas. As such, the country anticipates an investment pipeline of up to $60 billion over the next five years, largely directed towards exploration and production. An Angola Oil&Gas (AOG) fireside chat will offer exclusive insights into the country’s strategic vision, investment opportunities and future prospects in the oil and gas sector.
Global projects developers, independent E&P firms and regional investors are expected to enter the Angolan oil and gas market in the coming months as new blocks become available across onshore, offshore and marginal fields. In addition to accelerating exploration, new entrants signal fresh opportunities for collaboration and local contract opportunities.
On 29 May 2024, it was reported that Adriano Mongini, CEO of upstream oil and gas company, Azule Energy, will speak at the Angola Oil & Gas (AOG) 2024 conference, scheduled for 2-3 October in Luanda. This event gathers industry leaders, policymakers, and stakeholders to discuss the latest trends, opportunities, and challenges in Angola’s oil and gas sector.
The AEC-led webinar outlined emerging investment opportunities across Angola’s oil and gas market ahead of the country’s 2025 licensing round.
Nigeria and Angola are now the biggest crude oil drilling markets in Africa, according to an Offshore Rigs Tracker, the Hawilti and the Caverton Offshore Support Group Plc
Since taking office in 2017, President João Lourenço has maintained a positive bearing on strengthening and enhancing Angola’s oil and gas sector and focusing on enriching its population
TechnipFMC has been awarded a significant contract by Azule Energy to supply subsea production systems for the Block 18 Infills development, offshore Angola.
The Democratic Republic of the Congo’s Hydrocarbons Minister Didier Budimbu and his Angolan counterpart Diamantino Pedro Azevedo have agreed to sign the Memorandum of Understanding (MoU) for the development of Block 14 on July 13 in Kinshasa.
Over the past three decades, Angola has established itself as the premier destination for large-scale oil and gas investment.