ExxonMobil and Partners Secure PSC Extension for Angola’s Offshore Block 17 | 17-06-2025
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Angola Strengthens Global Ties with Entry into Diamond Federation
Angola has officially begun the process of joining the World Federation of Diamond Bourses (WFDB) through its newly established Angola Diamond Exchange, marking a significant milestone in the country’s integration into the international diamond industry. The announcement was made by Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during the WFDB’s 2025 President’s Meeting...Read the full article
ExxonMobil and Partners Secure Extension of PSC for Angola’s Offshore Block 17
Energy giant ExxonMobil and its consortium partners have signed a production sharing contract (PSC) extension for Block 17, a key offshore oil asset in Angola. The renewed agreement includes TotalEnergies, Equinor, Azule Energy—a 50/50 joint venture between bp and Eni—and Angola’s state-owned oil company, Sonangol. “As a partner, we have witnessed firsthand the significant contribution that Block...Read the full article
Sonangol and MIT Sign Strategic Cooperation Agreements
Sonangol and the Massachusetts Institute of Technology (MIT) signed two strategic cooperation agreements: the MIT Industrial Liaison Program (MIT-ILP) and MIT-Africa, the latter of which includes the Global Classroom and Global Teaching Labs initiatives. The signing ceremony took place during an official visit by a high-level Angolan delegation, led by the Minister of Mineral Resources, Petroleum...Read the full article
$15 Million in Environmental Funding Expected for Lobito Corridor by Year-End
A total of 15 million US dollars is expected to be made available by the end of this year to support environmental initiatives and projects along the Lobito Corridor, announced the Vice-Governor for the Technical and Infrastructure Sector on Monday in Cuito. According to José Fernando Tchatuvela, who shared the news during a meeting with a multi-sectoral delegation from the Angolan Government...Read the full article
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