TotalEnergies, Maurel & Prom and Perenco to attend African Energy Chamber forum
Africa's main oil lobby, run by lawyer NJ Ayuk, will organise its next Invest in African Energy Forum in Paris. The event is scheduled for 1 June.
Angola could significantly increase its gas production by 2026 thanks to the development of the Quiluma and Maboqueiro (Q&M) fields. Project leader ENI is in the process of selecting its service providers.Southern Africa and gas
Both the US subsidiary of Angola's state oil company Sonangol and the Industrial and Commercial Bank of China (ICBC) are identified as structures to which the Angolan Air Force (AAF) has entrusted part of its assets. But neither appears willing to ride to the AAF's rescue.
The Angolan president is continuing to revamp his diplomatic network around the world, with the heads of the main embassies expected to include technocrats, politicians and people close to foreign minister Tete António.
Don't miss a single article on
The opening of the Kazungula Bridge, which connects Zambia to Botswana, has robbed Zimbabwe of its status as a key gateway between the port of Durban and the Copperbelt. Deprived of significant revenue, Harare is preparing its counter-attack with the help of a handful of bankers.
Angolan junior Somoil has increased its asset portfolio through a number of purchase since the start of last year. Behind this expansion is Manuel Vicente, the oil strategist of former president José Eduardo dos Santos, who is also close to Joao Lourenco.
British major BP has abandoned almost all of its oil activities on the continent in recent years, thus underscoring its ambition to focus on natural gas and the emerging prospect of hydrogen. The firm remains present in four countries:
Africa Intelligence can reveal the existence of companies secretly set up in the United Arab Emirates on behalf of the family of former Angolan president José Eduardo dos Santos. The group behind these, wealth management firm Helin International, is under investigation in the United States, France, Switzerland and Luxembourg.
Following a large number of legal proceeding filed against the family of Angola's former president José Eduardo dos Santos, the government of president João Lourenço has asked a dozen countries to freeze the assets of the Dos Santos family, in particular those of the former president's daughter Isabel dos Santos.
French entities are playing a major role in maintaining Angola's economic equilibrium. TotalEnergies is looking to revive the country's oil production and the Agence Française de Developpement (AFD) to support its agricultural sector
The US justice system has again ruled that it lacks jurisdiction over a dispute between the Portuguese electricity firm Aenergy and the Angolan state. The decision boosts Luanda's hopes that it can have a separate Aenergy claim against it dismissed in a court in the District of Columbia.
Acrep Bloco 17, which has a 5% stake in block 17/06, was recently renamed Somoil Bloco 17/06 to reflect a change in its shareholder structure. Somoil now holds a 15% stake in this asset, and its first project should enter into production in 2024.
Madagascan lychee exporters have lodged a complaint against the local branch of Transparency International, which has accused them of corruption. The affair, in which France's Compagnie fruitière and the Belgian firm Greenyard are implicated, is being followed closely by Western embassies.
Don't miss a single article on