Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the financial close of the $753 million Lobito Corridor Railway Project in Angola, one of Africa’s most significant cross-border transport infrastructure transactions.
Eni, through its joint venture Azule Energy, has taken the final investment decision (FID) on the Greater PAJ Project, a major offshore oil development in Angola’s Blocks 31 and 31/21, marking a key expansion in the country’s upstream sector.
Engineering and testing services company Applus+ has secured a contract from a major oil and gas operator in Angola to provide 3D modelling and laser-scanning services for offshore asset management and engineering operations.
Global technology company SLB announced a three-year agreement with Azule Energy to continue and expand the use of its enterprise digital platform across Azule’s operations in Angola.
TotalEnergies announces the start of production from the Quiluma field, in which the Company holds an 11.8 per cent interest alongside its partners Azule Energy (37.4 per cent, operator), Cabinda Gulf Oil Company (31 per cent) and Sonangol E&P (19.8 per cent).
bp confirmed gas production start-up from Angola’s Quiluma field, part of the New Gas Consortium (NGC), operated by Azule Energy. This marks continued successful project launches and exploration achievements for the bp‑Eni joint venture.
Eni confirms an oil discovery in the Algaita-01 exploration well in Block 15/06, offshore Angola, approximately 18 km from Olombendo FPSO. Preliminary estimates indicate oil in place of around 500 million barrels. Block 15/06 is operated by Azule Energy (36.84 per cent), in partnership with SSI (26.32 per cent) and Sonangol E&P (36.84 per cent).
Afreximbank, alongside lead arrangers, secured a $1.75 billion syndicated receivables facility for Sonangol, Angola’s national oil company. The funding supports Sonangol’s operational and capital needs, while promoting African-led financing to drive growth, industrialisation, economic self-reliance, and sovereignty across continent.
Ending energy poverty in Africa requires scalable, reliable and lower-carbon energy systems – and Angola’s accelerating gas agenda is emerging as one of the continent’s most compelling pathways forward.
Eni, through its satellite company Azule Energy - a 50:50 joint venture with bp and the operator of the New Gas Consortium (NGC) – inaugurated the NGC Gas Treatment Plant in Soyo, northern Angola.
