News

Angola’s oil and gas industry is making a comeback on a large scale.

A indústria de petróleo e gás de Angola está a retomar em grande escala.

The Nigerian National Petroleum Corporation signed a Heads of Agreement with UTM Offshore Limited for a 20% equity contribution of the NNPC in the UTM FLNG project, a milestone set to significantly improve access to gas-based cooking in the country.

L’Angola est dans le secteur pétrolier depuis longtemps. Il a extrait ses premiers barils de pétrole brut au milieu des années 1950, lorsque les opérations de développement ont commencé à Benfica, un champ terrestre dans le bassin de Cuanza, et est devenu un acteur encore plus important après que les compagnies pétrolières internationales (IOC) ont commencé à faire des découvertes majeures dans la zone offshore à la fin des années 1960.

Angola tem uma longa história no setor petrolífero. Os primeiros barris de petróleo bruto foram extraídos na década de 1950, quando as operações de desenvolvimento começaram em Benfica, um campo onshore na bacia do Cuanza. No final dos anos 1960, o país se tornou ainda mais proeminente, pois empresas petrolíferas internacionais (IOCs) fizeram grandes descobertas na zona offshore.

Angola has been in the petroleum business for a long time. It extracted its first barrels of crude oil in the mid-1950s, when development operations started at Benfica, an onshore field in the Cuanza basin, and became an even more prominent player after international oil companies (IOCs) started making major discoveries in the offshore zone in the late 1960s.

Recognizing the transformative potential of cross-border partnerships, Angola is actively engaging with neighboring countries to drive economic growth and stability in the energy sector.

With a 30-block licensing round underway and a recent deal inked with Angola for the collaborative development of Block 14, the DRC’s upstream market is growing rapidly.

World Nuclear Association and the African Energy Chamber have signed a Memorandum of Understanding to drive nuclear energy adoption in Africa. This partnership includes collaborating for African Energy Week.

An international business consultant with a focus on energy projects in emerging markets, Vince Trovato joins the African Energy Chamber as its newest Board Member.