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Angola

Diamonds: SPE compensated for loss of rights on Lucapa

Angola’s state-owned diamond company Endiama is to pay $130 million in compensation to Sociedade Portuguesa de Empreendiamentos (SPE), which is [...]

Subscribers only Mining 03.05.2016

Rui de Sousa to leave everything untouched at Soco

With the company’s AGM scheduled to be held in London on June 7, the chairman of Soco is expected to [...]

Subscribers only Energy 19.04.2016

Cambambe dam keeps its promise

The first of four 178 MW turbines for the Cambambe [...]

Subscribers only Energy 19.04.2016

Kangamba to pocket dollars from Tchegi’s diamonds

General Bento dos Santos, a k a Kangamba, has many reasons to be happy. Married to Avelina, niece of Angolan [...]

Subscribers only Mining 12.04.2016

Tradinter waits for better days in the offshore

Angolan businessman Braulio de Brito, founder of the consulting concern Tradinter that specializes in oil and gas, might take a [...]

Subscribers only Energy 05.04.2016

Egyptian firm Elsewedy, Luanda's new favourite

In its drive to improve electricity service in the country, and particularly in the capital, Prodel (Empresa Publica de Producao [...]

Subscribers only Energy 05.04.2016

Total’s first cost-cutting measures on Kaombo

The French major Total has unified its north and south [...]

Subscribers only Energy 05.04.2016

First impact of Maersk freeze on Chissonga project

The first consequences of Maersk Oil’s decision to postpone development [...]

Subscribers only Energy 05.04.2016

Endiama/Alrosa over the moon about Luaxe’s gems

Carlos Sumbula, chairman of the board of Endiama recently travelled [...]

Subscribers only Mining 29.03.2016

Despite itself, Chevron caught up in JIZ spat

The Congo-K oil minister’s cancellation of the joint interest zone (JIZ) with Angola has put the American major in an awkward position.

Subscribers only Energy 22.03.2016

High-powered team to mull Sonangol’s future

Already committed to major changes at Sonangol, the Angolan government wants to draft fresh legislation for the entire oil and gas sector.

Subscribers only Energy 22.03.2016

ENI's lightens financial burden on block 15/06

Italy’s ENI has modified terms on block 15/06 in Angola in order to step up the recovery of its costs and hasten the time it takes for the block to make money.

Subscribers only Energy 22.03.2016

Juniors
Block 2/05 partly swallows 2/85

In early March, Angolan oil minister Jose Maria Botelho de [...]

Subscribers only Energy 22.03.2016

Diamond cooperatives spread through country

Launched in January, 2015 under the auspices of Carlos Sumbula, [...]

Subscribers only Mining 15.03.2016

Thanks to Sonangol, Luanda cronies get slice of block 2/05

Up to now present only on blocks 17/05 (5%) and 33 (16%), the local firm Falcon Oil Holding Angola has [...]