Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A. (NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas exploration well in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and…

Angola ramps up onshore and shallow water oil exploration to sustain production growth - Africa Sustainability Matters

Angola is repositioning its oil sector strategy with a renewed push into onshore and shallow water exploration, signaling a major pivot in one of Africa’s most mature hydrocarbon markets. This shift comes amid intensified efforts to sustain national crude output above one million barrels per day, even as traditional offshore fields mature. A focal point […]

Azule Energy Reports Gas Discovery Offshore Angola

The preliminary results and fluid samples indicate several reservoirs with good mobility, and initial assessments suggest that gas volumes on site may exce...