Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.Africa's second biggest oil exporter is in…
Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing…
Floating production solutions specialist Amplus Energy Services announced on Wednesday that it has been awarded a multimillion-dollar contract to reevaluate the development of marginal fields in Angola with the aim to form economically viable…
Italy's Eni reported good results in its first appraisal well of the Agogo discovery in Block 15/06, offshore Angola.The Agogo-2 well results confirm 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern…
Oil and as firm Vaalco Energy has paid a US$4.5 million settlement fee to Angola National Agency of Petroleum, Gas, and Biofuels (ANPG), for offshore block termination.The Houston-based independent energy company said that the settlement finalized the termination of Vaalco’s rights…
Angola, sub-Saharan Africa’s second largest oil producer after Nigeria, is optimistic the new fiscal and regulatory regime now in place would translate into a reversal of the country’s declining oil output and attract more private investment…
American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum…
Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday.'We are going to sell…
Angola's national oil company Sonangol has recently taken possession of the first of its two drillships built by a Korean shipyard firm, signaling the start of the implementation of its regeneration program that include investment in deep and ultra deep water drilling and offshore marginal areas…
Italian oil major Eni said on Wednesday it has made a major discovery in Block 15/06, in the Agogo exploration prospect, in the deep waters offshore Angola.The find is Angola's largest offshore discovery in years. Eni said the discovery is estimated…
Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first…
Angola's state oil company Sonangol and ExxonMobil on Friday signed a memorandum of understanding for oil exploration in the country's Namibe basin, the two firms said.Angola, Africa's second-largest crude producer, is facing a steep output…
On Saturday, nearly two decades after securing the initial rights, Total's CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It's not clear when he, or his peers, will be cracking open the bubbly in Angola again…
Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers from the capital Luanda.The Angolan State Minister for Economic and Social Development…
U.K. subsea services company Rovco said it has expanded its remotely operated underwater vehicle (ROV) and hydrographic survey capabilities with the addition of an electric Saab Seaeye Falcon DR ROV to its fleet.The 1,000-meter depth rated,…
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