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Angola : New discoveries in Angola’s Prolific Basins fuel interest in ongoing bid round

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LUANDA, Angola, April 9 (Infosplusgabon) - ENI announced on Tuesday  April 6, that it had made a new discovery in Angola. The Italian Major’s latest oil discovery in its Block 15/06 concession offshore Angola underlines why Angola’s Prolific Basins and conducive regulatory framework continue to prove attractive despite stiff competition from new frontiers like Guyana and Suriname. It is also for this reason that the current bid round for three onshore blocks in the Lower Congo Basin, and six onshore blocks in the Kwanza Basin, run by the National Agency of Petroleum, Gas and Biofuels (ANPG) is attracting a lot of interest from the industry.

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U.S. Africa Energy Forum 2021 Launches: Promotes U.S. Role as Primary Investor in African Energy

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LIBREVILLE, Gabon, April 8 (Infosplusgabon) - The U.S. Africa Energy Forum 2021 – organized by Africa Oil & Power, in partnership with the African Energy Chamber’s U.S.-Africa Committee – will foster alignment between U.S. and African governments’ energy policies and highlight African oil, gas, power and renewable projects across the energy value chain for U.S. investors; the multi-day forum unites U.S. and African policymakers, energy executives and industry leaders to create new linkages and foster discussions that drive long-term policy formation and project execution; the in-person, two-day summit and gala dinner will be hosted in Houston, Texas (October 4-5, 2021) and an online seminar and in-person networking event will be held in Washington D.C. (July 12).

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Weston Aviation Welcomes NHV Helicopters to Cork Airport

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LIBREVILLE,  Gabon, April 6 (Infosplusgabon) - According  to an official statement, Weston Aviation is delighted to welcome offshore helicopter specialist NHV Group to Cork Airport for the commencement of a contract to support PSE Kinsale Energy with decommissioning operations in the Celtic Sea.

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Arab Petroleum Investments Corporation (APICORP) Ups Net Income By 3% in 2020

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DAMMAM, Kingdom of Saudi Arabia, April 6 (Infosplusgabon) -  Net income increased to USD115 mn despite fallout from COVID-19 pandemic; Balance sheet grew by 7.5% to USD7.89 bn; Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively; Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%).

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Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity

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LIBREVILLE,  Gabon, March 22 (Infosplusgabon) - The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions.

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