Guinea-Bissau oil agreement has 'no legal basis'
Lusa - Guinea-Bissau - 27/12/2021
Sonangol, Angola's oil company, buys Pumangol
Lusa - Angola - 17/12/2021
Angola’s state-owned oil company Sonangol announced the conclusion of the acquisition process of Pumangol. It all began on 16 April, with the sale of the state-owned company’s shares in Puma Energy to Trafigura
The operation involved the sale of…
Sao Tome's first oil drilling to occur in 2022
Lusa - Sao Tome and Principe - 13/12/2021
The first oil drilling in Sao Tome and Principe will take place on March 2022, in block 6 of the exclusive economic zone operated by the consortium made up of Anglo-Dutch oil company Shell and Portugal’s Galp, an official source said
“This operation will last…
Oil companies should mitigate environmental damage in Mozambique
Lusa - Mozambique - 26/11/2021
Mozambique’sminister ofmineral resources andenergy, Max Tonela, saidon Thursdaythat the government wouldconsiderthe ability to mitigate climate change in the selection of oil companies interested in hydrocarbon projects in the…
Oil, stocks plummet in Asia and Europe as new variant emerges
AFP - International - 26/11/2021
Markets in Asia and Europe as well as oil prices plunged while safe havens rallied on Friday over fears of a new coronavirus variant that scientists warn could be more infectious than Delta and more resistant to vaccines, potentially dealing a heavy blow to the global…
Angola's energy transition 'should be harmonised' with oil business
Lusa - Angola - 24/11/2021
Angola’s secretary of state for oil and gas said yesterday that the energy transition should “be harmonised” with oil and gas exploration in the country, stressing that the industry also created business opportunities for local service companies
Barroso…
Oil sales bring Angola more than expected
Plataforma - Portugal - 13/12/2020
In November of this year, oil revenue reached 3.4 billion Kwanzas (AKz), a value higher than the forecast of the Revised General State Budget (OGE) 2020.
The forecast of the Revised OGE is AKz 2.9 billion, amount from oil, at an average price of $ 33 per barrel.
The…
Oil potential in Angola is 40 billion US $
Jornal de Angola - 26/11/2020
Angolan companies in the oil sector only take advantage of around 10 percent of the potential estimated at US $ 40 billion that the national industry moves annually.
According to the founder and director of PetroAngola, Patrício Quingongo, the recent Law on Local Content…
Personalities of Angola, Mozambique and China among the 25 most important in the african oil industry
Plataforma - Macau - 19/11/2020
The President of Angola, the mozambican Minister of Energy and the chairwoman of the chinese banck of Export and Import (EXIM) are among the 25 most prominent figures in the area of oil and gas in Africa, according to an index prepared by the Chamber of African Energy…
'Nothing remained' for Angolans from billions of oil revenue
Lusa - Portugal - 09/11/2020
António Costa Silva on Monday said that Angola had fallen into a “trap” and, of the billions in oil revenues, nothing remained for the Angolan people, 45 years after independence.
António Costa Silva saidthe centralisation of power, which the war…
Petrobras oil production grows 9% in the year despite the pandemic
Folha de S.Paulo - Brazil - 21/10/2020
With the resumption of the economy, refineries also perform well
Despite the pandemic, which led to a reduction in global oil consumption, Petrobras’ production grew 9% in the first three quarters of 2020, reaching the mark of 2.839 million barrels of oil and…
