Your account has been succesfully created.

Subscribe now

ANGOLA

Cash-stripped Lourenco gives all to majors

With his back against the wall as he attempts to address the mountain of arrears Sonangol owes its oil partners, [...] (262 words)

Issue dated 19/12/2017 Reading time 2 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Energy

Set up email notifications for these topics

ANGOLA
Botelho de Vasconcelos
BP
Chevron
Diamantino Azevedo
ENI
ExxonMobil
Joao Lourenco
Sonangol
Statoil
Total

Local content: should Total, Chevron, ENI, ExxonMobil and BP be worried?

After a wait of five years, the decree providing for greater local company involvement in the oil industry is set to come into force at a difficult time, with the country still in the throes of the Covid-19 crisis.

ANGOLA Energy 06/10/2020

BP opts out of Angolan oil revival led by Total and ENI

Most oil companies in Angola have resumed work on the projects they were working on before the disruption caused by the public health crisis. Only BP is hanging back.

ANGOLA Energy 03/03/2020

Chevron pick, Algoa's dream team ready for block 0 platform build Free

The offshore field Takula on block 0 off the coast of Angola's Cabinda province will soon have a new platform

ANGOLA Energy 04/02/2020

LNG: why Chevron and Sonangol are dreading 2022

The joint venture Angola LNG, which manages the LNG facility in Soyo, is somewhat down in the dumps. The firm,

ANGOLA Energy 21/01/2020

Are the bonuses enough to keep Exxon and ENI on their blocks?

Though in desperate need of cash, the Angolan president is baiting oil firms with tax cuts to get them to stay.

ANGOLA Energy 03/12/2019

LNG/VAT: Lourenço's tax gift to Chevron, ENI, BP and Total

The new 14% value added tax (VAT) that took effect in Angola on October 1 will not apply to the gas sector.

ANGOLA Energy 03/12/2019

Lourenço makes great show of marginal fields to woo Chevron-BP

Angolan president João Lourenço is continuing to promote the merits of the country's marginal fields to bring back oil firms

ANGOLA Energy 10/09/2019

Joao Lourenco keeps eye on Sonangol, Total and Chevron

After auditing the accounts of oil firms for the 2014-2017 period, the Angolan head of state has kept the pressure up by asking for a new report for fiscal years 2018 and 2019.

ANGOLA Energy 25/06/2019

Total and Chevron's bugbear with local content rules

The Angolan ministry of petrol, headed by Diamantino Azevedo, is still in the thick of talks with the oil and

ANGOLA Energy 11/06/2019

Fuel shortages: Joao Lourenco cuts in to Sonangol turf

The fuel shortages in May have triggered President Joao Lourenco into action. As a guest at the Angola Oil &

ANGOLA Energy 11/06/2019

Total, Chevron make stand against 10% reserved for local firms

Angola's new bill on local content in the oil and gas industry has sparked a heated debates in Luanda, six

ANGOLA Energy Document 12/03/2019

Sonangol puts up more family jewels for sale

The state-owned firm is willing to let go of several blocks to focus on its more productive assets.

ANGOLA Energy 12/03/2019

Oil majors take Angola LNG leadership to task

2019 should be a decisive year for the joint venture Angola LNG (ALNG), which has operated the Soyo LNG plant

Spotlight

ANGOLA Energy 26/02/2019

Sonangol draws up inventory of blocks to peddle to majors

Angola's financially precarious state-owned firm Sonangol has discreetly launched a vast campaign to sell some of its producing offshore blocks. Block 32 - As Africa Energy Intelligence understands, Sonangol opened a data room in December in Luanda to present block

ANGOLA Energy 11/12/2018

Who can Lourenco count on for his local content commando unit?

After easing the country's strict local content policy via presidential decree earlier this year (AEI 815), Angolan head of state

ANGOLA Energy 27/11/2018

After Exxon and Total, Chevron wants its share

After watching ExxonMobil and Total make various upstream and distribution investments in Angola over the past months (AEI 825), American

AFRICA Energy 27/11/2018

The Rokke family's tactics to move Aker into offshore

Norwegian billionaire Kjell Inge Rokke has managed to secure a prime position for his firm Aker Solutions on Africa's oil services market in the space of a few years.

ANGOLA DRC Energy 16/10/2018

Angola LNG pipelines: Chevron makes room for Sonangol

The American major has stepped aside to let the Angolan state-owned firm take the lead role in dealing with Kinshasa to manage Angola LNG's transit rights for its pipelines in Congolese waters.

ANGOLA Energy 17/07/2018

With Total and Chevron, Saturnino wants to bury hydrocarbons agency

The idea of a national hydrocarbons agency, a project masterminded by Isabel dos Santos, has come under fire from Sonangol and several majors.

ANGOLA Energy 19/06/2018

Total holds on at Zinia until getting started at Kaombo

President Joao Lourenco's trip to Paris on May 28 seems

ANGOLA Energy 05/06/2018

Who were part of Joao Lourenco's oil commando unit for his french trip?

During his official to France on May 28-29-30, Angolan President

ANGOLA Energy 05/06/2018

Oil & gas: Major companies to benefit from Joao Lourenco's fiscal largesse

On the advice of oil companies, the Angolan president is pursuing his pro-business policy by providing tax incentives to the gas industry and for the exploitation of marginal fields.

AFRICA Energy 22/05/2018

Statoil fresh out of a future on the continent

The Norwegian major, comfortably seated in its three long-standing bases - Algeria, Nigeria and Angola -, has been unable to find a solution to its freefalling output.

ANGOLA Energy 24/04/2018

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.

ANGOLA Energy 03/04/2018

Luanda's gift to Total on block 48

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

ANGOLA Energy 03/04/2018

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),

ANGOLA Energy 20/03/2018

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

ANGOLA Energy 06/03/2018

Sonangol settles its accounts with Cobalt

The new Angolan government, which is trying to warm relations

ANGOLA 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.

ANGOLA Energy 06/03/2018

Total sees light at end of visa tunnel in Luanda

The Angolan authorities are preparing to pare back the heavy

ANGOLA Energy 09/01/2018

Joao Lourenco hammers on with reform of oil administration

While the reform of Angola's oil sector launched by Isabel Dos Santos in 2016 had focussed mainly on restructuring the

ANGOLA Energy 19/12/2017

Carlos Saturnino, Patrick Pouyanne's ace player for Total

Easing tensions between oil majors and the new Angolan administration (see here) should open up a favourable playing ground for

ANGOLA Energy 24/10/2017

Majors invited to have a hand in oil fiscal reform

Working alongside Sonangol and the Angolan government, majors BP, Chevron, ENI, Total, Statoil and Exxon have 30 days to define the new financial and fiscal strategy for the country's oil sector.

ANGOLA Energy 11/07/2017

How Sonangol won its fiscal battle against the majors

The decade-long legal wrangle between Sonangol and the oil majors has finally come to an end.

Spotlight

AFRICA Energy 27/06/2017

American major ExxonMobil wants a finger in every pie

Flying in the face of low crude prices, over the past few months ExxonMobil has been on a spending spree across Africa picking up a string of new acquisitions. New boss Darren Woods' arrival in January doesn't seem to have

ANGOLA Energy 14/03/2017

Under pressure Sonangol offers tax concessions

In the face of threats from the majors to reduce investment in response to ongoing tax disputes, Sonangol has opened secret negotiations with them. We investigate.

ANGOLA Energy 28/02/2017

The Dos Santos clan starts to liberalize the oil sector

Lacking the financial muscle to continue monopolizing the local oil industry, Sonangol has opened the door to the private sector.

ANGOLA Energy 29/11/2016

Isabel dos Santos has trouble licking Sonangol into shape

Embroiled in financial and judicial wrangles, the head of Sonangol, is finding it hard to push through reforms in the oil sector. She’s compensating by publicizing her activities.

Spotlight

SOMALIA Politics 06/07/2012

From civil war to squabbling over oil Free

The prospect that conditions conducive to searching for oil in Somalia are returning has resulted in a variety of initiatives. And this despite the fact that the civil war against the Al Shabaab Islamists has not yet been won, even

Spotlight

ANGOLA Energy 31/01/2012

Dos Santos forced to share the cake

The ruling MPLA party won’t be in any danger of losing power in legislative elections at the end of this year but the day is fast approaching when Luanda will have to give others as bigger piece of Angola’s oil

Spotlight

ANGOLA Energy 08/02/2011

Sonangol sees future in pre-salt plays

Angola and its national oil company Sonangol are actively preparing for the future of their oil industry - and energy in general. Luanda is not only intent on profiting fully from the current spike in demand for oil and gas

Set up email notifications for these topics

ANGOLA
Botelho de Vasconcelos
BP
Chevron
Diamantino Azevedo
ENI
ExxonMobil
Joao Lourenco
Sonangol
Statoil
Total

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Africa in the Russia-Ukraine war

The Sahel threatened by a jihadist tornado

Sisi's African offensive

Cash-stripped Lourenco gives all to majors

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Local content: should Total, Chevron, ENI, ExxonMobil and BP be worried?

BP opts out of Angolan oil revival led by Total and ENI

Chevron pick, Algoa's dream team ready for block 0 platform build Free

LNG: why Chevron and Sonangol are dreading 2022

Are the bonuses enough to keep Exxon and ENI on their blocks?

LNG/VAT: Lourenço's tax gift to Chevron, ENI, BP and Total

Lourenço makes great show of marginal fields to woo Chevron-BP

Joao Lourenco keeps eye on Sonangol, Total and Chevron

Total and Chevron's bugbear with local content rules

Fuel shortages: Joao Lourenco cuts in to Sonangol turf

Total, Chevron make stand against 10% reserved for local firms

Sonangol puts up more family jewels for sale

Oil majors take Angola LNG leadership to task

Sonangol draws up inventory of blocks to peddle to majors

Who can Lourenco count on for his local content commando unit?

After Exxon and Total, Chevron wants its share

The Rokke family's tactics to move Aker into offshore

Angola LNG pipelines: Chevron makes room for Sonangol

With Total and Chevron, Saturnino wants to bury hydrocarbons agency

Total holds on at Zinia until getting started at Kaombo

Who were part of Joao Lourenco's oil commando unit for his french trip?

Oil & gas: Major companies to benefit from Joao Lourenco's fiscal largesse

Statoil fresh out of a future on the continent

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

Luanda's gift to Total on block 48

Statoil and ENI circle around Cobalt's blocks

Lourenco calls on Church to secure ENI's operations

Sonangol settles its accounts with Cobalt

How Sonangol supplied Exxon with low cost equipment

Total sees light at end of visa tunnel in Luanda

Joao Lourenco hammers on with reform of oil administration

Carlos Saturnino, Patrick Pouyanne's ace player for Total

Majors invited to have a hand in oil fiscal reform

How Sonangol won its fiscal battle against the majors

American major ExxonMobil wants a finger in every pie

Under pressure Sonangol offers tax concessions

The Dos Santos clan starts to liberalize the oil sector

Isabel dos Santos has trouble licking Sonangol into shape

From civil war to squabbling over oil Free

Dos Santos forced to share the cake

Sonangol sees future in pre-salt plays

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: