Sonangol holds on to its stake in Portuguese 'money tree' Galp
Angolan state oil company Sonangol, unwilling to cut off its sources of fresh liquidity as it struggles with heavy debts, aims to hold on to its stake in Galp, particularly since the Portuguese energy company has invested in Mozambique's promising gas sector. [...]
Exxon, Chevron and BP's blocks: João Lourenço hoodwinks Félix Tshisekedi
With Angola determined to be the sole owner, it looks as though the new DRC president Félix Tshisekedi will have to be content with mere crumbs of offshore blocks 0 and 14 (Chevron), block 15 (ExxonMobil), in production for over [. [...]
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. [...]