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Considerable attention is being paid to Angola’s 24 August general election, as President João Lourenço and his ruling Movimento Popular de Libertação de Angola (MPLA) party line up against a strong challenge from a revitalised União Nacional para a Independência Total de Angola (Unita).

Angola
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Angola’s ambitions to develop its gas resources took a step forward in late July when the partners in the New Gas Consortium said they had reached a final investment decision (FID) on the Quiluma and Maboqueiro gas project.

Angola
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An additional production unit was inaugurated at the Luanda refinery on 7 July, completing Italian major Eni’s expansion and modernisation programme, which has increased gasoline production capacity fourfold to 450,000 t/yr.

Angola
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London Stock Exchange-listed Afentra has agreed to pay $33m to increase its stake in one offshore block in Angola and take a minority stake in an adjoining area. In a 19 July statement, the company said its wholly-owned subsidiary Afentra (Angola) had signed an agreement with the local Industrija Nafte (INA) to acquire a 4% non-operated interest in Block 3/05 and a 5.33% stake in Block 3/05A.

Angola
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Aksa Enerji sees opportunities in African GTP markets for the conversion of open cycle gas turbine (OCGT) plants to combined cycle (CCGT). In March it was gazetted that Aksa had been awarded a four-year provisional independent power producer (IPP) licence by the Republic of Congo government, which may indicate the Turkish firm will develop its own IPPs too.

DR Congo | Angola
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TotalEnergies and its partners in Block 17 offshore Angola are to invest $850m in the third phase of the Clov oil development, following a final investment decision (FID) announced this month by Angola’s upstream regulator the National Oil, Gas and Biofuels Agency (ANPG).

Angola
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Nigeria and Angola are responsible for the vast majority of the Organisation of the Petroleum Exporting Countries (Opec) supply shortfall that is helping to sustain high global oil prices. Above-ground issues including theft and sabotage continue to contribute to a large deficit from the two sub-Saharan oil giants.

Angola | Nigeria | Libya | Equatorial Guinea | Congo Brazzaville | Gabon | Algeria
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Maersk Supply Service has signed a long-term contract with ExxonMobil in Angola to provide project management, engineering and marine services for the development of drilling and production in offshore Block 15.

Angola
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Sub-Saharan African countries flared 12.15bcm of natural gas in 2021, according to newly-released data from the World Bank Group’s Global Gas Flaring Reduction Partnership (GGFR), the equivalent of 32.4m tonnes of CO2 and $1.4bn worth of gas sales.

Ghana | Angola | Nigeria
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Afentra’s 28 April signing of an agreement with Angolan state company Sonangol to buy stakes in offshore blocks 3/05 and 23 are the London AIM-listed company’s first major deal since its formation last year and a marker of its intentions.  

Angola
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The Zambian government has said it is willing to buy as much of the planned Lobito refinery in Angola as the Luanda authorities are willing to sell.  

Zambia | Angola
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Coming just two weeks after Eni formally launched its Azule Energy joint venture to operate with BP in Angola, the Italian major reported that its Ndungu field in deep offshore Block 15/06 contains about three times more barrels of oil equivalent (boe) in place than initially thought, giving further impetus to the majors’ Angolan alliance.

Angola
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Ten months after the two majors mooted their Angola-focused tie-up, Eni and BP have formalised the combination of their local assets under a 50/50 joint venture (JV) known as Azule Energy. The new entity creates Angola’s largest oil producer, with at least 200,000 boe/d of combined net output and 2bn bbls equivalent in net resources.

Angola
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Oil output in Algeria remains below the amount allowed under the Opec+ arrangement – something which is also the case for several other big African producers, as shown by the cartel’s Monthly Oil Market Report for March. According to their official filings, almost all African producers are producing below their agreed quota.

Angola | Nigeria | Libya | Equatorial Guinea | Congo Brazzaville | Gabon | Algeria
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Two new offshore projects have started production within days of each other in Angola, giving a fillip to the government’s hopes of turning around a decline in its crude output.

Angola