Angolan National Oil Company Sonangol is advancing plans for an initial public offering (IPO) while expanding its upstream portfolio and investing in Angola’s domestic refining capacity, as the national oil company charts its next phase of growth following its 50th anniversary in 2026. Speaking at the opening ceremony of African Energy Week (AEW) 2026, Executive […]
Angola has attracted more than $10 billion in investment across mature oilfields through regulatory reforms and a flexible approach to investor engagement, according to Alcides Andrade, Executive Board Member at the National Oil, Gas & Biofuels Agency (ANPG). Speaking during a fireside chat at African Energy Week 2026 in Cape Town, Andrade said the investments […]
Seadrill Limited has secured new offshore drilling contracts and extensions in Indonesia, Malaysia, Angola and the U.S. Gulf, including a $420 million award for the West Carina drillship, strengthening its contracted rig activity through 2030. In Indonesia, the West Carina was awarded a contract with an undisclosed operator valued at approximately $420 million for a […]
Afentra plc has revised its offshore Angola drilling schedule, moving the Borr Grid rig directly to the Impala-2 development well in Block 3/05 ahead of the planned Pacassa SW sidetrack. Both wells are expected to begin production in the first quarter of 2027. Impala-2 is scheduled to spud in mid-October, with drilling and completion operations […]
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a series of offshore exploration agreements with Shell, Chevron, TotalEnergies and other international operators covering deepwater blocks across the Kwanza and Congo basins. ANPG signed risk-service contracts for deepwater Blocks 19, 34 and 35 with Shell, Equinor and Sonangol E&P. The agreements establish terms […]
Saipem has won a $350 million offshore contract from Azule Energy for subsea work on the Agogo Integrated West Hub Development offshore Angola.
On Thursday, a discovery from June, made in the Acacia-5 development of Angola’s offshore Block 17, was announced by TotalEnergies‘ Chairman and CEO Patrick Pouyanné. The discovery was made near to existing production at Block 17, allowing development to be fast-tracked via a tie-back using spare capacity on the Pazflor FPSO. This means no new […]
TotalEnergies is fast-tracking development of its Acacia-5 oil discovery offshore Angola, targeting first production just three months after the discovery while expanding its exploration portfolio with two new operated blocks. Acacia-5 was discovered in June 2026 on Block 17, where TotalEnergies holds a 38% operated interest. The discovery will be developed using available capacity on the existing […]
African Export-Import Bank (Afreximbank) is exploring additional financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding the ownership and operating roles of local companies.
Brian Unietis, Lead Country Manager of ExxonMobil Angola, talks to The Energy Year about extending the productive life of Block 15 through new drilling, tiebacks and facility investments, Angola’s upstream investment environment and the company’s approach to local development.