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Trafigura has signed an agreement to buy Sonangol’s 31.78% share in Puma Energy for $600m, taking its holding in the company to about 90%. At the same time, Puma Energy is selling its Angolan business and assets to Sonangol for the same amount, including the network of Pumangol service stations and its airport and marine terminals.

Angola
Issue 436 - 15 April 2021

Angola: Nine-block bid round launched

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After a couple of delays, the National Oil, Gas and Biofuels Agency (ANPG) finally got its roadshow covering nine onshore oil and gas blocks under way on 12 April. Speaking at the bidding roadshow for oil concessions in the Lower Congo and Kwanza Terrestrial Basins, mineral resources, oil and gas minister Diamantino Azevedo said the government was focused on the continuous improvement of the business environment to attract local and international investors.

Angola
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Sonangol announced on 16 March that San Jose, California-based Quanten LLC’s Quanten Consortium Angola subsidiary had been awarded a contract to finance, build, own and operate the Soyo refinery in Zaire province. As it seeks to raise funds by divesting non-core assets, Sonangol also announced its intention to sell Angola’s 20% stake in Abidjan refiner Société Ivoirienne de Raffinage.

Angola
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New World Bank, AfDB and other facilities are providing international support for the government’s drive to increase access and connect Angola’s long-isolated regional grids. Greater private sector involvement and new renewables projects are part of the strategy to reform the sector, writes Camilla Nytun.

Angola
Free

As African Energy editor Thalia Griffiths leaves to explore new opportunities, colleagues asked for her take on developments after 23 years leading the publication. For all the tragedies like the current Ethiopian conflict, she sees real hope for a better future on a continent where, in many places, governance has improved and previously marginalised populations are becoming empowered to enact positive change.

Ghana | Mozambique | South Sudan | Angola | Nigeria | Uganda
Free

There has been some respite for oil producers with crude rising above $60/bbl and Opec and its allies agreeing on 4 March to further stabilise the market by rolling over their quota regime (except for Russia and Kazakhstan, which Opec kingpin Saudi Arabia agreed could have increases while it maintained its extra 1m b/d cut). This will please price hawks who fear another slump later this year will further undermine oil producers’ economies; they are opposed by output hawks, who want to produce more oil to maximise their revenues now.

Angola | Nigeria | Algeria
Issue 433 - 25 February 2021

Angola: World Bank $250m power programme

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The World Bank Group (WBG) on 17 February approved an International Bank for Reconstruction and Development loan worth $250m for the $417m Electricity Sector Improvement and Access Project (ESIAP) in Angola. The French Development Agency is providing the remaining $167m for the project, which is expected to run until September 2026.

Angola
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Policymakers agree more action is needed to counter debt distress and unlock funds for the energy transition, but there are few signs that a more effective financial architecture will emerge any time soon. Meanwhile concerns over rising sovereign debt are feeding into hesitancy over new lending, writes Jon Marks.

Kenya | Mozambique | Angola | Zambia | South Africa
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Chevron subsidiary Cabinda Gulf Oil Company Limited has given Subsea 7 a contract for the Sanha Lean Gas Connection project in Block 0. The work comprises the construction and installation of a lean gas platform system at a water depth of approximately 70 metres. The lean gas platform is planned as a fixed-leg structure bridge-connected to the existing Sanha condensate complex. Gas from the Sanha field, which started condensate production in 2005, will be supplied to the Angola LNG plant at Soyo.

Angola
Free

Renewables developer Total Eren and Luanda-based Greentech (Angola Environment Technology) have signed a memorandum of understanding with the Ministry of Energy and Water for the development of a 35MWp solar PV plant at Lubango, Huila province.

Angola
Issue 430 - 14 January 2021

Angola: ANPG sets new bid round date

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The National Agency of Petroleum, Gas and Biofuels (ANPG) announced on 31 December that it would formally launch its postponed 2020 licensing round covering onshore blocks in the Lower Congo and Kwanza basins on 30 April. A formal launch had been planned for May 2020 but was postponed due to the coronavirus pandemic.

Angola
Free

Investors, contractors and financiers have been reassessing southern Africa’s potential to emerge as a natural gas producer, supply hub and importer of molecules and electrons for gas-to-power (GTP) schemes. Mozambique’s emergence as an LNG exporter gives it potential to develop new gas-based industry and infrastructure. Developments in southern Mozambique further suggest it could drive a wider regional industry, with more gas exported by pipeline.

Mozambique | Botswana | Lesotho | Angola | Namibia | Malawi | eSwatini (Swaziland) | Zambia | Zimbabwe | South Africa
Issue 426 - 05 November 2020

Angola: FID for Cabinda refinery

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London-based investment firm Gemcorp Capital and state oil company Sonangol announced a final investment decision on 30 October for construction of a 60,000 b/d refinery at Cabinda. Sonangol and the Hong Kong-based United Shine consortium signed a deal to build the refinery in June 2019, but that deal was cancelled in December and a new agreement was signed with Gemcorp.

Angola
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ExxonMobil has signed risk service contracts with the National Oil, Gas and Biofuels Agency (ANPG) for three blocks in the unexplored Namibe Basin offshore southern Angola. ExxonMobil will operate blocks 30, 44 and 45 with a 60% stake. Sonangol Pesquisa e Produção will hold the other 40%. The blocks cover an area totalling 17,800km2, located 50km-100km from the Angolan coast, in a water depth of between 1,500 metres and more than 3,000 metres.

Angola
Issue 422 - 10 September 2020

Angola: Marginal fields evaluation

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The National Agency for Oil, Gas and Biofuels (ANPG) launched a tender on 31 August inviting bids for the evaluation of marginal fields. The tender is open to Angolan and international bidders.ANPG told African Energy it had identified the marginal fields to be evaluated, but did not give details. It said the tender was aimed at “all companies interested in marginal fields assessment”.

Angola