Total awards more contracts for oil project in Angola

Three European companies have obtained contracts for nearly half of the US$16 billion that France’s Total group aims to spend on development of the Kaombo oil project in Angola, indicate statements released on Wednesday.

Italy’s Saipem announced it had obtained a US$4 billion contract to convert two tanker ships into floating production, storage and offloading (FPSO) platforms.

A consortium comprising Technip, quoted on More

Angolan increases beer production with two new breweries

Angola will produce 11.8 million hectolitres of beer this year (versus 10.3 million hectolitres in 2013) as two new breweries begin operations, reports the Jornal de Angola newspaper.

The two new units raise to eleven the number of beer breweries in Angola, a market led by France’s Castel group, which has nine production units and a market share of 80 percent.

The numbers More

Regulations planned for Angola’s private investment law

Regulations are planned for Angola’s private investment law, which may be slightly readjusted, the head of the National Private Investment Agency (ANIP) said in Luanda.

Maria Luísa Abrantes indicated after a ceremony to sign 19 new investment contracts that only small changes would be introduced to coordinate the law with the regulations now being prepared.

“The current law is only three years old; More

Norway’s Aker Solutions wins US$2.4 billion contract for Angola

The Norwegian company Aker Solutions announced on Tuesday that it had obtained a US$2.4 billion contract to supply the French oil group Total with an underwater production system for the Kaombo project in Angola’s offshore bloc 32.

Located 90 miles from the Angolan coast, Kaombo is one of the world’s biggest underwater oil exploration projects.

The contract terms stipulate that Aker Solutions must More

Angola’s National Insurance Company launches insurance for import goods

The National Insurance Company of Angola (ENSA) plans to add import good insurance to its product portfolio this year, the company’s president announced on Monday in Luanda.

During a gathering to mark the company’s 36th anniversary, Manuel Gonçalves said ENSA aimed to guarantee the quality of the products it commercialises and distributes, whose number and premiums have risen in the last few More

Angola’s ANIP signs investment contracts worth US$92 million

Investment contracts with Angolan and foreign companies worth US$92 million were signed on Tuesday in Luanda by representatives from the respective companies and the National Private Investment Agency (ANIP).

ANIP president Maria Luísa Abrantes said the new contracts involved companies interested in investing in mineral water bottling and distribution, beer and non-alcoholic beverage production, and the production and distribution of schoolbooks and More

Sonangol announces auction of onshore oil blocks in northern Angola

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Angolan oil company Sonangol EP Monday in Luanda said it planned to auction off 10 new onshore oil blocks, in the Kwanza and Lower Congo basins, on 30 May.

According to information published on the Sonangol website proposals from interested companies should be put forward by 30 April.

Of the 10 blocks up for auction, seven are located in the More

French oil company Total invests US$16 billion in oil prospecting in Angola

French oil company Total plans to invest US$16 billion in the ultra-deep water of Angola’s offshore area, Angolan state oil company, Sonangol, said in a statement.

Sonangol said the cash would be spent on the Kaombo project and was US$4 billion less than initially planned.

The Kaombo project is expected to have initial daily production of 230,000 barrels of More