chemXplore tracks 6 projects in Angola, of which 4 are active.
Of the active ones, 2 new construction, 1 expansion and 1 revamp / retrofit.
Creates a Southeast Asia methane-tech evaluation centre using decade-long detection expertise; signs technical cooperation on emissions and flaring; expands drone campaigns and targets near-zero upstream methane by 2030.
Raised Subsea 2026 revenue guidance; Q3 Subsea orders $2.05bn and opportunities list midpoint $32bn; free cash flow $469.7m and $320m of share buybacks.
Demand diversification, new industries and above‑ground constraints are driving cross‑border metals trade; Trafigura has deployed $7bn and invested in power, rail, storage and processing.
Azule Energy awards ~$350M West Hub Tails offshore package in Angola covering EPCI of ~62 km flowlines, risers and umbilicals to tie into the Agogo FPSO.
Near‑field discovery to be fast‑tracked to production, adding 6,000 bpd; operator stakes in two nearby exploration blocks and a Benguela Basin farm‑in HoA.
Covers Blocks 8 and 22 offshore Angola; stake split 30%/50%/20 with Shell as operator; signed in Luanda and subject to government approvals and final contracts.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Oil and gas condensate found at Block 0’s 105-4X: >600 m column and >90 m net pay in the Pinda reservoir; potential tie-back to nearby facilities; partners hold 39.2–41% stakes.
Design and manufacture of flexible flowlines, risers and equipment to tie West Hub production into the Agogo FPSO; contract classed at $75–250M and booked in Q3 2026.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
