TechnipFMC deems the contract to be a “significant” one since it is between $75 million and $250 million. Thanks to this deal, the company will supply subsea production systems for Azule Energy’s Block 18 Infills development, offshore Angola.
Over the past three decades, Angola has established itself as the premier destination for large-scale oil and gas investment.
Angola’s Ambassador to the Dominican Republic, María Cándida Pereira Teizeira has met with the Caribbean country’s Minister of Energy and Mines, Eng. Antonio Almonte, to discuss the possibility of collaborating in oil and gas development.
TAAG Angola Airlines, the state-owned airline of Angola, plans to enhance connectivity between Luanda and São Paulo, Brazil by increasing the weekly flights from four to six.
Angola’s Ambassador and Permanent Representative to the United Nations Human Settlements Program (UN-Habitat), Sianga Abílio, has expressed the country’s interest in attracting Greek investors to its market.
Nigeria produced the most crude oil, followed by Algeria and Angola. Nigeria, Angola, and Algeria have three of the ten largest crude oil fields in Africa in terms of production in 2022.
Kenya has expressed interest in strengthening bilateral relations with Angola across various fields including energy, agriculture and trade.
As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector.
Integrated energy company Etu Energias – formerly Somoil – has announced plans to increase oil production in Angola to 50,000 barrels per day (bpd) by 2025.
Angola’s oil and gas sector is witnessing an accelerated pace of new investments over the past few months thanks to the rising oil prices, Deutsche Bank said in a new report.