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TotalEnergies, Partners To Boost Angola’s Oil Production

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TotalEnergies and its partners have announced a major investment decision for the development of the Cameia and Golfinho fields in Angola. This $6 billion project marks the beginning of the Kaminho deepwater project, the first of its kind in the Kwanza Basin. The African Energy Chamber (AEC) applauds this milestone, recognizing its potential to set a high standard for deepwater projects in Angola and across the continent.

The development of Block 20/11 is spearheaded by TotalEnergies, with a 40% stake, alongside energy company Petronas (40%) and Angolan national oil company Sonangol (20%). Located 100km off the coast of Angola in water depths of 1,700 meters, the project will feature a Floating Production, Storage, and Offloading (FPSO) unit with a capacity of 70,000 barrels per day (bpd). This FPSO, the seventh developed by TotalEnergies in Angola, will be connected to a subsea production network. Production is expected to commence by 2028.

The Kaminho project is crucial for Angola’s goal of maintaining oil production at 1.1 million bpd by 2027 and increasing it to two million bpd thereafter. It will contribute to job creation and economic growth, while also positioning Angola as a key player in the oil and gas sector. TotalEnergies’ commitment to Angola is evident in its long-standing partnership with the country, spanning over 70 years. The Kaminho project further strengthens this partnership, showcasing TotalEnergies’ expertise in developing cost-effective and environmentally friendly oil and gas projects in Africa.

For Sonangol, the project signifies its emergence as a major player in Angola’s oil and gas market. Following privatization, Sonangol has transformed into a competitive operator, and its partnership with TotalEnergies on the Kaminho project demonstrates its expertise in large-scale oil and gas developments.

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The AEC commends the efforts of TotalEnergies and its partners to drive this project forward, recognizing Angola’s commitment to increasing production and addressing energy poverty. In addition to the investment decision, TotalEnergies and Sonangol have signed a memorandum of understanding (MoU) for the decarbonization of the oil and gas industry in Angola. This partnership aims to reduce emissions and promote renewable energy projects through joint research and development initiatives. The collaboration will also focus on developing skills in geology and electrification.

The reforms implemented by President João Lourenço and Oil Minister Diamantino Azevedo have played a vital role in attracting capital investment to Angola. Achieving the investment decision while prioritizing decarbonization reflects TotalEnergies and Sonangol’s dedication to developing low-carbon oil and gas projects in Angola, aligning with the continent’s energy transition goals.

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Court adjourns bail application for detained Ohanaeze youth president

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An Ebonyi Magistrate’s court sitting in Abakaliki on Thursday adjourned hearing on a bail application for the release of the detained national president of the Ohanaeze Youth Council (OYC), Mr Igboayaka Igboayaka until March 12.

Igboayaka was arrested in Owerri on Feb. 8 by operatives of Anti-Kidnapping Unit, Ebonyi Police Command after winning reelection for a second term as the president of the Council.

He was subsequently brought to Abakaliki, where he was detained by the police.

Igboayaka was later arraigned on Feb. 12 at the Abakaliki magistrate court on a felony charge and was remanded at the Abakaliki Medium Custodial Centre.

The Magistrate, Mrs Sandra Ifeanyi-Oyibe, ruling on the bail application brought by the defence counsel, Mr Obinna Ekeke, said that the defendant was appearing before the court for the first time after he was remanded on Feb. 12.

But Ekeke, however, argued that the bail application was made consequent on the deteriorating health condition of the defendant and appealed to the magistrate to grant the request in the interest of justice.

“If not for the health condition of the defendant, we won’t stress ourselves; and it won’t serve us any good, the society, the interest of justice if this young man’s life is lost because of this case.

“This is my first time of appearing before this honourable court and this application for bail bears a mark of the Supreme Court, which has made a clear position on this.

” I strongly believe that this court has jurisdiction to allow bail even without application,” Ekeke said.

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The magistrate noted that the matter was coming up for the first time for hearing after the suspect was remanded after his arraignment.

She said: “This is the first time this matter is coming up after the remand; you also know that you can make this application at the High Court , so if by the next adjournment and the law says 14 days, you can apply for bail especially if it’s not a capital offence.

“Therefore , the matter is hereby adjourned to March 12 for compliance,” Ifeanyi-Olive ruled.

The News Agency of Nigeria (NAN) reports that the prosecution counsel was absent in court.

Igboayaka, 42, alongside others now at large, are facing trial for alleged conspiracy to commit felony and accusations of causing extreme fear to the people of Amegu Nkalagha community in Ishielu Local Government in Ebonyi (NAN)

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Oscar-winning actor, Gene Hackman, wife found dead at home

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Oscar-winning U.S. actor, Gene Hackman, 95, his wife, Betsy Arakawa, 63, and their dog were found dead in their Santa Fe home, in New Mexico.

Adan Mendoza, Santa Fe County Sheriff, in a statement said:”We can confirm that both Gene Hackman and his wife were found deceased Wednesday afternoon at their residence on Sunset Trail.

“This is an active investigation, however, at this time we do not believe that foul play was a factor.”

The News Agency of Nigeria (NAN) reports that Hackman was known for iconic roles in movies like : ‘The French Connection’, ‘Unforgiven’ and ‘The Royal Tenenbaums’.

He was a two time Academy Award winner and retired from acting in 2004.

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FG to regularise Band B, C electricity tariffs

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Federal Government has said it plans to regularise electricity tariffs of Bands B, C and A customers to ensure a more efficient and reliable power sector,

The Minister of Power, Mr Adebayo Adelabu, said this at the Public Presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja on Thursday.

The ministry put the document in place with the support from UK Foreign, Commonwealth and Development Office (FCDO) and the UK Nigeria Infrastructure Advisory Facility (UKNIAF).

The News Agency of Nigeria (NAN) reports that under the current structure, customers in Band B, who enjoy 18 to 17 hours of electricity supply pay N63 per kilowatt-hour.

Those in Band A, with only two hours more of supply, are charged N209 per kilowatt-hour

Adelabu said that in 2024, the power sector adopted cost reflective tariff for a portion of electricity consumers about 15 per cent, it might look small but it is a way forward.

“It was pilot and a proof of concept which I believe it had worked the people that are enjoying 20 to 24 hours of electricity supply in a day are happy.

“ They are satisfied in spite of the fact that they are paying N209 per kilowatt-hour as they believe they are better off than when using generators.

“We believe that as we continue to work on revamping our distribution and transmission infrastructure, more and more people will be migrated to Band A,“ he said.

Adelabu also said that as a result of the migration of some customers to Band A, the power sector recorded a 70 per cent growth in its revenue from N1.05 trillion in 2024 to about N1.7 trillion.

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The minister said: “We will look at the tariff again. I am not saying that we’re going to increase the tariff before I am misquoted.

” We are going to look at the tariff and see how we can improve on our modest achievement of 2024 not only to grow the sector revenue.

` But to also ensure that we are able to invest more in revamping the dilapidated infrastructure in the power sector so that they can carry the kind of reliable electricity we envisage for the power sector.

“We thought the migration of Band B and C customers will be faster that this but the Electricity distribution Companies (DisCos) have refused to invest in the power sector, ” he said.

According to him, a lot of investment was required to achieve accelerated migration of lower-band customers into Band A.

He said that the reqularisation of the tariff Band B and C customers to Band A would be done at a slow pace. (NAN)

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