Connect with us
Anglostratits

Business

Angola’s Sanha Project to Start Operations Next Month, Says Chevron at African Energy Week (AEW) 2024

Published

on

Sanha Project

The Sanha Lean Gas Connection project will deliver gas to the Angolan LNG facility

CAPE TOWN, South Africa, November 5, 2024/APO Group/ — 

The Sanha Lean Gas Connection Project in Angola will start production in December 2024, according to Chevron. Speaking during an Invest in Angola Energies roundtable – sponsored by the ANPG, Sonangol, Azule Energy and ACREP – at African Energy Week (AEW): Invest in African Energies 2024 on Monday, Toni Henning, Commercial General Manager at Chevron’s Southern Africa Strategic Business Unit, said that the project will deliver gas to the Angola LNG facility.  

The $300 million project comprises the development of a platform that ties into the existing Sanha Condensate complex. Developed by Chevron, the project serves as part of a series of gas-focused investments the company is undertaking in Angola alongside various partners.  

“We have been in Angola for 70 years and it has only been possible because of our strong partners. We lead in gas and have a couple of projects underway. Sanha Lean Gas has always been part of our gas profile in Angola. We had it fabricated in Lobito, with 1,000 direct jobs and 3,000 indirect jobs created,” Henning said.  

In addition to the Sanha project, Angola’s New Gas Consortium (NGC) expects production to start at the Quiluma and Maboqueiro fields in late-2025 or early-2026, according to Adriano Mongini, CEO of NGC operator Azule Energy.  

“The project is progressing well and we are planning start-up for late-2025. This is the first non-associated gas project in Angola, and hopefully, the first of many,” he said.  

Beyond gas, Angola – sub-Saharan Africa’s second largest oil producer – aims to maintain production above one million barrels per day beyond 2027. To achieve this, the government is incentivizing investment in exploration, with the National Oil, Gas & Biofuels Agency (ANPG) preparing to launch its 2025 Bid Round in Q1 of next year. The round features part of a series of reforms aimed at driving exploration and production.  

“We wanted to make the business environment more transparent and more competitive. We have marginal field opportunities and new legislation for gas, making it possible for investors to have gas rights,” said Alcides Andrades, Executive Board Member, ANPG.  

We have marginal field opportunities and new legislation for gas, making it possible for investors to have gas rights

Through its multi-faceted investment approach, Angola is consolidating its position as an oil and gas heavyweight, and recent developments point to that. TotalEnergies and project partners on the Kaminho Development in Block 20/11 made $6 billion FID in 2024, for example.  

According to Rui Rodrigues, Director, TotalEnergies EP Angola, “the significance of the Kaminho project is that we are opening a new province in Angola. The majority of Angola’s production is derived from the north, but with Kaminho, we are diversifying supply.” He added that TotalEnergies is “on track to deliver the project by 2028.”  

TotalEnergies also anticipates the Begonia field development to start production in the coming months. McDermott International is leading the EPC support for the project. Mahesh Swaminathan, Senior Vice President: Global Business Vertical Head at McDermott International explained that “from an engineering perspective, we are nearly done. The vessel will enter any time soon. We are nearly completed and it’s an exciting development.”  

In addition to Begonia, McDermott International is focusing on capacity building in Angola. Swaminathan said that “We are setting up an engineering office in Angola, where we will train engineers from across the world.”  

Beyond Kaminho, Angola has an exciting pipeline of projects underway. Katrina Fisher, Lead Country Manager and General Manager at ExxonMobil, shared insight into Block 15 – one of Angola’s longest-producing assets.  

“We celebrated our 30th anniversary of Block 15 in August 2024 and we also recently made a discovery – Likember-01 – at the block, representing our 19th discovery at Block 15. With this, we have increased our production by 30% and offset decline.”  

Angola’s NOC Sonangol – in addition to driving upstream projects – is committed to boosting refining capacity in Angola. Sonangol’s Board Director Kátia Epalanga said that “We are seeking more than 400,000 bpd in refining capacity by 2027. The three new refineries underway will help us reach this capacity.”  

For international service companies such as SLB, Angola is ripe with opportunity. According to SLB’s Managing Director – Central, East and Southern Africa, Miguel Baptista, “In 2024, we celebrated 55 years of operations in Angola. We continue to see a lot of activity happening across the life of the oilfield. With this, there is good opportunity for the industry to push the boundaries of technology.”  

Angola also represents an exciting market for independents. Afentra, for example, which entered the market three years ago, is “focusing on growth in Angola: growth on the Kwanza Basin, growth on Block 3/05 and growth with regards to new deals,” according to the company’s COO Ian Cloke. Cloke considers Angola to be “a fantastic market to be in.”  

The same can be said for AA&R Investment, which has not yet entered the Angolan market. Abdullahi Bashir, Haske Group, the company’s Managing Director, explained that “Angola is the right place to be and we are looking for opportunity there. We are looking at onshore and offshore blocks and we are looking at participating in the bid round.”  

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

Published

on

Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

Continue Reading

Business

South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

Published

on

Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

Continue Reading

Business

Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

Published

on

Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Trending