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Angola

Lourenco to trim local content rules, bowing to majors' demands

Angolan president Joao Lourenco has decided to listen to oil firms active in the country and give them what they want. His latest move has been to pass a decree to lighten the stringent local content laws.

Subscribers only Energy 24.04.2018

LS Energia up against former ENE boss Barros Gonga

The Panamanian company claiming $52 million from the Angolan State is refusing to settle the dispute through arbitration.

Subscribers only Energy 24.04.2018

Former legal advisor to Angola LNG and Schlumberger to fly solo

For the past several months, Angolan jurist Ibrahim de Carvalho [...]

Subscribers only Energy 24.04.2018

Luis Teixeira counting on copper to make rail profitable

While Caminho de Ferro de Benguela already transports Congolese manganese, the company boss would like to add in copper to cover costs.

Subscribers only Infrastructure, Mining 10.04.2018

Macron receives Joao Lourenco

Well-appreciated in Paris, the new Angolan president Joao Lourenco will [...]

Subscribers only Politics 04.04.2018

Statoil and ENI circle around Cobalt's blocks

While state-owned firm Sonangol has begun proceedings to purchase Texan firm Cobalt International Energy's blocks 20 and 21 (AEI 812), [...]

Subscribers only Energy 03.04.2018

On oil & gas firms advice, Lourenco favours… oil & gas firms!

Mindful of the findings of a working group set up to brainstorm on the sector's future and comprised of representatives of several majors, the regime has decided to make several key legislative changes, all of which benefit the oil & gas firms.

Subscribers only Energy 03.04.2018

Luanda's gift to Total on block 48

French giant Total, which recently won Sonangol's gasoline and diesel [...]

Subscribers only Energy 03.04.2018

Diamonds: MPLA siding with anti-Dos Santos camp to please Unita?

By cancelling two diamond permits until now held by Isabel dos Santos, daughter of former Angolan President Jose Eduardo dos [...]

Subscribers only Mining 27.03.2018

Lourenco calls on Church to secure ENI's operations

Now operator of onshore block Cabinda north, ENI has found itself a key player in the Cabinda province. The region [...]

Subscribers only Energy 20.03.2018

Electricity: Luanda makes Kabila bend to its schedule

Even as the growing numbers of migrants fleeing the Kasai provinces in Congo-K to Angola fuels tensions between Luanda and [...]

Subscribers only Energy 20.03.2018

Dos Santos network now batting for Joao Lourenco

While Isabel dos Santos' Angolan mining portfolio is shrinking before her eyes (AMI 409), her father, former president Jose Eduardo [...]

Subscribers only Mining 13.03.2018

Trafigura despairs as Lourenco revives Lobito refinery

Is there an end in sight for the project to build a refinery in the port town of Lobito first [...]

Subscribers only Energy 06.03.2018

Why has Lourenco called on Dos Santos era pundits?

The new Angolan president has brought back the heavyweights of the national oil sector to help him define the future of this key portfolio.

Subscribers only Energy 06.03.2018

Luanda and Pretoria team up to finance Lauca

After securing a loan from British investment fund Gemcorp and another from the Standard Chartered Bank to build the 2,070 [...]

Subscribers only Energy 06.03.2018

How Sonangol supplied Exxon with low cost equipment

A Texan services company is claiming $5 million in outstanding payments from Sonangol for equipment then supplied to the American major for its operations in Angola.

Subscribers only Energy 06.03.2018

Total sees light at end of visa tunnel in Luanda

The Angolan authorities are preparing to pare back the heavy [...]

Subscribers only Energy 06.03.2018

Sonangol settles its accounts with Cobalt

The new Angolan government, which is trying to warm relations [...]

Subscribers only Energy 06.03.2018

Trader Shaze Tareli saves Kisenge manganese

A vast operation is underway to evacuate by rail 10,000 tonnes of manganese blocked since the Angolan civil war.

Subscribers only Infrastructure, Mining 27.02.2018

Stephen Wetherall in the starting blocks for the diamond race

The change of president in Angola and the cancellation of diamond permits hitherto held by allies of the former president [...]

Free access Mining 27.02.2018

Lourenco successfully dims Petrobras power scandal

Denied funding by the Banco Nacional de Desenvolvimento Economico e Social (BNDES) to build the 2,070 MW Lauca hydropower dam [...]

Subscribers only Energy 20.02.2018

Cobalt restructuring gets underway

Cobalt's restructuring plan was recently approved and the company is poised to begin selling assets later this month so that it can settle its debts.

Subscribers only Energy 20.02.2018

Can Angolan minister Diamantino Azevedo save SIR?

On February 13, Angolan president Joao Lourenco discreetly dispatched his minister of oil Diamantino Azevedo to meet with the Ivorian [...]

Subscribers only Energy 20.02.2018

Spotlight
Lourenco's dissection of Dos Santos mining architecture

The sweeping changes brought throughout the mining sector by new president Joao Lourenco have kick started the mining community in action. But to ensure it isn't all just political posturing and it can actually secure foreign investment, the new administration [.

Subscribers only Mining 13.02.2018

Indaba 2018: Lourenco restores interest after Dos Santos era

Investors flocked to the forum on mining opportunities in Angola held on February 6, as part of the Investing in [...]

Subscribers only 06.02.2018

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