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Angola

  • Energy Transition

    Angola’s Onshore Oil Reserves Show Promise of Sustainable Energy Future

    by Motoni Olodun December 30, 2023
    by Motoni Olodun December 30, 2023

    Angola, one of Africa’s top oil-producing countries, is making strides towards developing its onshore oil reserves, which could boost its economy and reduce its dependence on offshore fields. The country’s …

  • Markets

    Angola Quits OPEC, Shaking Up Oil Market

    by Motoni Olodun December 22, 2023
    by Motoni Olodun December 22, 2023

    Angola, Africa’s second-largest oil producer, has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), a move that could have significant implications for the global oil …

  • In the News

    Angola Bolsters Energy Sector with Hydroelectric Power

    by Ikeoluwa Juliana Ogungbangbe October 2, 2023
    by Ikeoluwa Juliana Ogungbangbe October 2, 2023

    Angola is set to significantly enhance its national energy infrastructure with the addition of two new hydroelectric power plants this year, as announced by the Minister of Energy and Water, …

  • Markets

    Petronas Buys 40% of Angola’s Block 20 from TotalEnergies

    by Victor Adetimilehin October 1, 2023
    by Victor Adetimilehin October 1, 2023

    Petronas, the Malaysian state-owned oil and gas company, has acquired a 40% stake in Block 20 in Angola’s Kwanza Basin from TotalEnergies, the French energy giant. The deal, which was …

  • Oil & Gas

    TotalEnergies Divests 40% Stake in Angola’s Block 20 to Malaysia’s Petronas

    by Ikeoluwa Juliana Ogungbangbe September 28, 2023
    by Ikeoluwa Juliana Ogungbangbe September 28, 2023

    TotalEnergies, a globally recognized energy player, has formally announced its strategic decision to sell a 40% stake in the much-discussed Block 20, strategically situated in Angola’s oil-rich Kwanza Basin, to …

  • MarketsOil & Gas

    Angola Honors OPEC’s 63rd Anniversary with Renewed Dedication to Market Stability

    by Ikeoluwa Juliana Ogungbangbe September 26, 2023
    by Ikeoluwa Juliana Ogungbangbe September 26, 2023

    On the occasion of the 63rd anniversary of the Organization of Petroleum Exporting Countries (OPEC), established with foresight in Baghdad on September 14, 1960, Angola took the opportunity to emphasize …

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