Angola Approves Sale of Sonangol Stake in PAENAL Shipyard to Strategic Partner
Angola Approves Sale of Sonangol Stake in PAENAL Shipyard to Strategic Partner Angola has taken a decisive step to strengthen its offshore oil and gas support infrastructure by approving the sale of the State’s indirect shareholding in PAENAL, Porto Amboim Estaleiros Navais Limitada, to a strategic and technological partner. According to Presidential Decree No. 368/25, […]
Masdar Secures First Angola Power Agreement with 150 MW Solar Project
Masdar Secures First Angola Power Agreement with 150 MW Solar Project Global energy developer Masdar has signed its first Power Purchase Agreement in Angola, securing long-term offtake for the 150 megawatt Quipungo Solar project situated in Huila Province in southern Angola. The company signed the agreement with Angola’s Rede Nacional de Transporte de Electricidade in […]
TGS Completes Sierra Leone Offshore Seismic Data Enhancement Project
TGS Completes Sierra Leone Offshore Seismic Data Enhancement Project Norwegian energy data and intelligence company TGS has completed a major multi-client reprocessing project that significantly enhances seismic data for hydrocarbon potential in acreage off the coast of Sierra Leone. The Sierra Leone Fusion 3D multi-client reprocessing project involved full reprocessing from field tapes of a […]
Angola’s Lobito Refinery Hits 23% Completion Mark, On Track for December 2027 Launch
Angola’s Lobito Refinery Hits 23% Completion Mark, On Track for December 2027 Launch Angola’s ambitious Lobito Refinery project is advancing rapidly, with the 200,000 barrels per day facility now 23% complete and firmly on schedule to begin operations in December 2027. Angolan President João Manuel Gonçalves Lourenço visited the project site this month, highlighting the […]
TotalEnergies Exits Nigeria’s Renaissance Joint Venture with 10% Stake Sale
TotalEnergies Exits Nigeria’s Renaissance Joint Venture with 10% Stake Sale TotalEnergies has signed a sale and purchase agreement to divest its 10% non-operated oil interest in Nigeria’s Renaissance joint venture, marking another significant step in the French energy giant’s ongoing portfolio rationalization in the country. The deal, announced on January 14, will see TotalEnergies EP […]
Nigeria Launches Aggressive 90-Day Fast-Track Program to Hit 3 Million Barrels Daily by 2030
Nigeria Launches Aggressive 90-Day Fast-Track Program to Hit 3 Million Barrels Daily by 2030 The Nigerian Upstream Petroleum Regulatory Commission has rolled out an ambitious 90-day reform program designed to dramatically accelerate oil production approvals and push the country toward its bold target of three million barrels per day by 2030. Commission Chief Executive Oritsemeyiwa […]