Chevron extends Angola licence to 2050
Chevron’s local Angola unit has extended the Block 0 concession until 2050 and it will keep its full 39.2% stake.
Sonangol
Sonangol farm-out plans disappoint
Results from Sonangol’s farm-out plans have been a “disappointment”, Welligence Energy Analytics has reported.
Sonangol takes loss but presses ahead with IPO plans
Sonangol intends to go ahead with an IPO in the coming years, although the company did report a $3 billion net loss for 2020.
Sonangol wins back Galp stake in Dutch ruling
A Dutch arbitration court has found against Isabel dos Santos in her attempts to transfer shares from Sonangol.
Eni, Sonangol sign up Angolan acreages
Eni and Sonangol has signed production-sharing contracts (PSCs) for Blocks 27 and 28 with the Angolan regulator.
Sonangol launches Lobito tender
Sonangol has launched a tender process for the Lobito refinery, which may have capacity of up to 200,000 barrels per day.
Sonangol seeks buyers for its blocks
Sonangol has launched a sales process for eight blocks in line with its exploration and production strategy.
Seadrill wins Angola work for Quenguela
Seadrill has won a 12-well contract in Angola via its local joint venture with Sonangol EP.
Angola, Zambia strike pipeline study deal
Angola and Zambia have signed a memorandum of understanding (MoU) on the construction of pipelines between Lobito and Lusaka.
Trafigura, Sonangol divide Puma Energy through swap plan
Trafigura and Sonangol are going their separate ways and dividing up Puma Energy, the downstream fuel supplier.
Eni scores light oil find offshore Angola
Eni has made a new light oil discovery in Block 15/06, offshore Angola, close to its existing infrastructure.
Germany talks hydrogen in Angola
Germany has expressed interest in the production of hydrogen in Angola, chiming with the European state’s energy transition goals.
NOCs talk up ESG, attractiveness amid industry pressure
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
Gemcorp takes FID on Cabinda refinery
Gemcorp has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Angola tallies corruption cost, eyes Sonangol listing
Angolan President João Lourenço said his predecessor had overseen the loss of $24 billion, in an interview with the Wall Street Journal.
Sonangol finally sets out plans for research centre
Sonangol has announced plans for the construction of a scientific research and innovation centre by 2021.
New onshore study launched ahead of Angola round
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
BP celebrates Greater Plutonio milestone
BP’s Greater Plutonio floating production, storage and offloading (FPSO) vessel offshore Angola has produced 600 million barrels of oil.
Sonamet completes testing on Zinia flowlines
Angolan contractor Sonamet has completed factory acceptance tests on all flowline structures for the next stage of work on the Zinia field.
Gemcorp plans FID for Angola refinery this month
Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
ANPG warns of pandemic impact on licence round
Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has released details on new blocks available for bidding this year but warned there may be delays as a result of the coronavirus pandemic.
Sonangol signs up to drill wells in Cuba
Sonangol has signed a deal to farm in to a block onshore in Cuba, under an agreement with Australia-listed minnow Melbana Energy.
BP’s Angolan numbers slide
BP’s Angolan production continued to decline in 2019, extending the trend of the last few years.
Trafigura distances itself from Zimbabwean exec
Trafigura is taking control of its fuel supply business in Zimbabwe with the purchase of a 51% stake from Sakunda Holding, owned by controversial Kudakwashe Tagwirei.