Results from Sonangol’s farm-out plans have been a “disappointment”, Welligence Energy Analytics has reported.
Sonangol intends to go ahead with an IPO in the coming years, although the company did report a $3 billion net loss for 2020.
A Dutch arbitration court has found against Isabel dos Santos in her attempts to transfer shares from Sonangol.
Eni and Sonangol has signed production-sharing contracts (PSCs) for Blocks 27 and 28 with the Angolan regulator.
Sonangol has launched a tender process for the Lobito refinery, which may have capacity of up to 200,000 barrels per day.
Sonangol has launched a sales process for eight blocks in line with its exploration and production strategy.
Seadrill has won a 12-well contract in Angola via its local joint venture with Sonangol EP.
Angola and Zambia have signed a memorandum of understanding (MoU) on the construction of pipelines between Lobito and Lusaka.
Trafigura and Sonangol are going their separate ways and dividing up Puma Energy, the downstream fuel supplier.
Eni has made a new light oil discovery in Block 15/06, offshore Angola, close to its existing infrastructure.
Germany has expressed interest in the production of hydrogen in Angola, chiming with the European state’s energy transition goals.
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 has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Angolan President João Lourenço said his predecessor had overseen the loss of $24 billion, in an interview with the Wall Street Journal.
Sonangol has announced plans for the construction of a scientific research and innovation centre by 2021.
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
BP’s Greater Plutonio floating production, storage and offloading (FPSO) vessel offshore Angola has produced 600 million barrels of oil.
Angolan contractor Sonamet has completed factory acceptance tests on all flowline structures for the next stage of work on the Zinia field.
Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
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 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 production continued to decline in 2019, extending the trend of the last few years.
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.
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.