{"id":8435,"date":"2024-05-17T00:06:02","date_gmt":"2024-05-17T00:06:02","guid":{"rendered":"https:\/\/sotnews.agency\/?p=8435"},"modified":"2024-05-17T00:06:02","modified_gmt":"2024-05-17T00:06:02","slug":"correction-chevron-drives-low-carbon-oil-production-joins-angola-oil-and-gas-aog-2024-as-platinum-sponsor","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=8435","title":{"rendered":"CORRECTION: Chevron Drives Low Carbon Oil Production, Joins Angola Oil and Gas (AOG) 2024 as Platinum Sponsor"},"content":{"rendered":"
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Multinational energy company Chevron has joined the Angola Oil&Gas (AOG) 2024 conference\u00a0(https:\/\/apo-opa.co\/3UF9Rg5<\/a>) \u2013 Angola\u2019s premier oil and gas event, scheduled for 2-3 October in Luanda \u2013 as a platinum sponsor. The company has been active in Angola for over 70 years, and with stakes in various strategic oil and gas projects, remains committed to increasing production and sustainable oil and gas development for the long-term.<\/p>\n

Chevron currently holds a 26% market share in Angola. The company has interests in offshore Blocks 0 and 14 \u2013 boasting a daily production capacity of 70,000 barrels of liquids and 259 million cubic feet of natural gas \u2013 as well as a non-operated interest in the Angola LNG project \u2013 the country\u2019s pioneer LNG facility. Angola LNG processes natural gas from offshore fields and celebrated its 400th\u00a0cargo delivery in 2023. During the AOG 2024 conference, Chevron is expected to provide insight into the company\u2019s current project portfolio while unpacking new investments in low-carbon projects. \u00a0<\/p>\n

Organized by Energy Capital&Power. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola\u2019s oil and gas industry. To sponsor or participate as a delegate, please contact\u00a0sales@energycapitalpower.com<\/a>.<\/em><\/p>\n

With interests in several deepwater blocks, Chevron\u2019s expertise in such acreage is expected to support production growth in Angola. In 2023, the company \u2013 through its Angolan subsidiary Cabinda Gulf Oil Company Limited (CABGOC) \u2013 signed a Production Sharing Agreement to manage operations within the Block 14\/23 concession area, situated in the Zone of Common Interest shared by Angola and the Democratic Republic of Congo\u2019s maritime territory. Under the agreement \u2013 inked with the governments of both countries \u2013 CABGOC will act as the operator of the concession, holding a 31% stake in the block.<\/p>\n

Chevron\u2019s initiatives in Angola extend to infrastructure projects such as the Sanha Lean Gas Connection Project (SLGC) \u2013 valued at $300 million. This endeavor \u2013 which reached FID in 2021 \u2013 involves the development of a platform that ties into the existing Sanha Condensate complex, as well as new pipelines connecting Block 0 and Block 14 to Angola LNG. The SLGC project is vital for Chevron as it addresses a projected supply gap at the Angola LNG facility. Through collaboration with service companies, Chevron demonstrates its commitment to advancing energy infrastructure in Angola and supporting the growth of the nation\u2019s oil and gas sector, while upholding operational excellence and environmental sustainability.<\/p>\n

Meanwhile, Chevron is spearheading low-carbon oil and gas solutions in Angola. CABGOC signed an MoU with the government last October to explore low carbon business opportunities. The company\u2019s goal is to utilize nature-based and technological carbon offsets, as well as lower-carbon intensity biofuels like hydrogen, to enhance Angola\u2019s energy production in conjunction with oil and gas initiatives. Additionally, Chevron and the Angolan government intend to assess various projects related to carbon capture and storage, alongside the establishment of a regional center of excellence aimed at attracting lower carbon investments.<\/p>\n

Under the theme\u00a0Driving Exploration and Development Towards Increased Production in Angola<\/em>, AOG 2024 will explore innovative approaches, cultivate collaboration among industry players and showcase technological advancements aimed at boosting exploration and development activities. As Chevron consolidates its presence in Angola\u2019s oil and gas sector, its sponsorship of the AOG 2024 conference highlights a commitment to supporting initiatives that pave the way for growth in the country\u2019s oil and gas industry.<\/p>\n

Distributed by APO Group on behalf of Energy Capital&Power.<\/p>

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Multinational energy company Chevron has joined the Angola Oil&Gas (AOG) 2024 conference\u00a0(https:\/\/apo-opa.co\/3UF9Rg5) \u2013 Angola\u2019s premier oil and gas event, scheduled for 2-3 October in Luanda \u2013 as a platinum sponsor.… <\/p>\n","protected":false},"author":1,"featured_media":8437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/8435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8435"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/8435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/8437"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}