Subsea 7 announced that it has been awarded a substantial contract, which is a contract worth between $150 million to $300 million, by Cabinda Gulf Oil Company Limited (CABGOC), for the Sanha Lean Gas Connection (SLGC) project.

Angola’s National Oil, Gas and Biofuels Agency (ANGP), announced that it will conduct international bid round for awarding new oil concessions in the country with entry fees worth $1 million.

Qatar Petroleum (QP) has entered into a farm-in agreement with Angolan national oil company, Sonangol, and Total to acquire a 30% participating interest in Block 48, located in the ultra-deep waters offshore Angola.

Angola has released its preliminary export schedule for July, showing that Angola is set to reduce exports for July by nearly 9% in comparison to June.

Sonangol stated that it targets to increase the production capacity to 230,000 b/d.

The Egyptian Maintenance Company (EMC) successfully sealed a contract for providing operational support for a liquefied natural gas (LNG) factory in Angola for the fifth consecutive year in 2017.

Russia maintained its position as the top crude oil exporter to China for the seventh month in a row

OPEC announced last week that Nigeria’s crude oil production increased by 274,000b/d in April.

Angola's state-run Sonangol has reduced its May exports by taking two cargoes out of circulation.

Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, despite a near 13% fall in shipments from 2016.