Angola plans to start the production of natural gas not associated with oil, from 2025, through the New Gas Consortium (NCG), the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo has announced as carried by Angola News Agency.
According to ANPG, there are currently 28 licensing opportunities available – including six onshore blocks, ten blocks on permanent offer, eight offshore blocks under the 2025 bidding round, and four block opportunities with discoveries.
Recent regulatory reforms have positioned the country as a highly competitive market for foreign investment. With a 2025 licensing round expected to open in Q1 next year, the country offers a wealth of opportunity for upstream firms
The project serves as part of a series of gas-focused investments the company is undertaking in Angola alongside various partners.
Marine seismic acquisition firm Shearwater Geoservices has secured a contract from TotalEnergies for an Ocean Bottom Node (OBN) data acquisition campaign offshore Angola.
Angola’s largest private oil company, Etu Energias, will hold an IPO in 2026, the company’s CEO Edson R. dos Santos stated last Wednesday.
Following the results of ongoing drilling campaigns, oil and gas major ExxonMobil could invest as much as $15 billion in Angola’s Namibe basin by 2030. Active in the country for 30 years, the company is developing a series of large-scale oil and gas projects while implementing initiatives to maximize output at producing fields.
Africa’s largest refinery, the Dangote facility in Nigeria, is actively seeking crude oil supplies from Libya and Angola. This move comes as the refinery faces difficulties obtaining adequate domestic crude due to theft, pipeline vandalism, and low investment in Nigeria’s oil sector.
SLB’s OneSubsea has won a sizeable contract for 13 wellsets plus associated equipment and services in the development of the Kaminho project offshore Angola from French energy major TotalEnergies.
American oil major Chevron Corporation has signed agreements with the Angolan government that will allow it to commence exploration at two of its blocks off the Atlantic coast.