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Angola

Switch in top role for the most pro-MPLA of oil firms, Somoil

Founded in the shadow of the Angolan ruling party's bigwigs, Somoil is restructuring little by little.

Subscribers only Energy 22.05.2018

Why Manuel Vicente has become master of the oil sector

After being side-lined by Isabel dos Santos, Sonangol's former CEO Manuel Vicente has made a spectacular come-back under President Joao Lourenco.

Subscribers only Energy 22.05.2018

Sonangol wipes slate clean of Cobalt and Dos Santos era

The call for tenders launched on April 20 by State-owned firm Sonangol for blocks 20 and 21 previously owned by [...]

Subscribers only Energy 08.05.2018

Lourenco blocks Sonangol from dipping into well abandonment funds

As an attempt to win oil majors back, Angolan president Joao Lourenco has cordoned off access to decommissioning funds, which Sonangol had been in the habit of using as its budgetary reserve.

Subscribers only Energy 08.05.2018

Sonangol sends in big guns to woo Houston upper crust

Invited by the US-Angola Chamber of Commerce to attend the [...]

Subscribers only Energy 08.05.2018

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