Sonangol tees up share sale
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.
The Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has signed two deals with BP, on the sidelines of the UK-Africa Investment Summit in London.
The disclosure of a cache of company information has brought further scrutiny to Isabel dos Santos, who is already under investigation in Angola.
Eni’s Agogo field has begun producing, a statement from Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has said.
Total has made a major move in Angola, picking up equity in blocks previously held by Cobalt International Energy and extending the licence on Block 17.
Bourbon has signed a three-year agreement with Total on cost cuts, through technological innovation, for operations offshore Angola.
Malaysian authorities have seized a drillship that was on its way to Angola.
FH Bertling, the former UK division of the German logistics firm, has been fined £850,000 for bribing its way to a lucrative oil contract in Angola.
Italian oil firm Eni has clinched a deal to become operator of a block in Angola and take on 48% equity.
Angola’s state-run oil giant Sonangol has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million barrels of oil equivalent.
Total has signed an MOU (Memorandum of Understanding) with Angola's Sonangol. The move is seen as one of the first steps towards opening fuel stations in the region. Angola is Africa's second biggest oil exporter and has been planning for a couple of months to reorganise it soil sector.