Azule signs up three more deepwater licences
“Blocks 46 and 47 have never been explored before and represent a new frontier exploration area that can be a game changer for our company and the country’s energy industry."
Sonangol
Switzerland charges Trafigura for historic bribery
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
Afentra’s McDade praises Angola’s oil industry embrace
“We’re confident we can complete by year end. We’ve been through it with the INA deal and hopefully we can be more efficient this time around,” he said.
Sonangol returns to Kwanza onshore after 27 years
“This proves that we are indeed committed to getting the oil sector working, at all levels,” said Jerónimo.
Afentra tweaks Sonangol deal, signs Azule purchase
“We’ve been reassured that approval for both transactions will be relatively efficient, they should be done before the end of the year”.
Afentra completes INA deal, eyes on Sonangol next
The licence extension was a condition for Afentra’s deal with Sonangol. The company agreed in April 2022 to pay $80mn for a 20% stake in Block 3/05. At the time, Afentra said it expected the deal to complete in the third quarter of 2022.
Total plans out seventh FPSO for Angola
US-listed Cobalt International Energy initially explored the blocks. Total bought into the assets in 2019 from Sonangol, following Cobalt’s bankruptcy.
Expro settles Frank’s historic Angola bribes issue
Frank’s was private until August 2013. It continued to pay bribes after going public, the SEC said. While public, the company won another five contracts while using its sales agent.
Sonangol plans Paenal restructuring to face the future
Sonangol has set out plans to restructure its interests in the Paenal yard and create a new operating model.
Sonangol probe reaches BCG, PwC in Portugal
Angolan President Joao Lourenco dismissed dos Santos in November 2017, shortly after becoming president. Isabel was the daughter of Lourenco’s predecessor, Jose Eduardo dos Santos. Isabel is believed to be in Dubai.
A challenging year for African M&A
The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which were been long awaited and the changes largely well received.
Sonangol lines up additional Suezmax for 2023 delivery
Sonangol has begun building a second oil tanker, following an oil cutting ceremony in South Korea on November 28.
Angola plans to sell stake in national oil firm Sonangol by 2027
Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years, according to the chairman of the government’s asset-management agency.
Afentra returns to market with sights on closing Angola deals
Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
Total tees up a trio of energy projects in Angola
TotalEnergies has taken a final investment decision (FID) on Begonia, a field in Angola’s Block 17/06.
Afentra doubles down in Angola with INA deal
Afentra has struck a second deal in Angola, boosting its stake in Block 3/05, via an agreement with Croatia’s INA.
Eni commissions Luanda refinery unit, while Zambia talks product pipelines
Angola has inaugurated a new unit at the Luanda refinery, with Zambian officials expressing their interest in securing fuel supplies from their neighbour.
Angola sets out its stall in bid to boost production
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Angola ejects WM-DC from Cabinda North
Angola has ejected WM-DC Resources from the Cabinda North block, for alleged failure to comply with its contractual obligations.
Sungara sets out $500mn deal to buy into Block 15/06
Sungara Energies has signed a deal to buy a 10% stake in Block 15/06, offshore Angola, from state-owned Sonangol.
Afentra moves Sonangol deal forward on two blocks
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Sonangol under scrutiny over Sao Tome ties
An Angolan journalist has raised a red flag over the origins of $30 million – and five patrol boats – supplied to Sao Tome and Principe.
Seadrill’s West Gemini signs up for more Angolan work
Seadrill has struck a 10-well contract, with an option for up to eight more, in Angola for its West Gemini drillship.
Namibia eyes Shell, TotalEnergies production in 2028
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.