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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, [...]

Published on 19/12/2017 at 03:30 GMT Reading time 2 minutes

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Energy

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

Angola
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.

Subscribers only Energy 27.10.2020

Angola
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.

Subscribers only Energy 06.10.2020

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

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

Free access Energy 03.03.2020

Angola
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, [...]

Subscribers only Energy 04.02.2020

Angola
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.

Subscribers only Energy 21.01.2020

Angola
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.

Subscribers only Energy 03.12.2019

Angola
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 [...]

Subscribers only Energy 03.12.2019

Angola
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.

Subscribers only Energy 10.09.2019

Angola
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 [...]

Subscribers only Energy 25.06.2019

Angola
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 & [...]

Subscribers only Energy 11.06.2019

Angola
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 [...]

Subscribers only Energy 11.06.2019

Document | Angola
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.

Subscribers only Energy 12.03.2019

Angola
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 [...]

Subscribers only Energy 12.03.2019

Spotlight | Angola
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 [.

Subscribers only Energy 26.02.2019

Angola
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 [...]

Subscribers only Energy 11.12.2018

Angola
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 [...]

Subscribers only Energy 27.11.2018

Africa
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.

Subscribers only Energy 27.11.2018

Angola, DRC
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.

Subscribers only Energy 16.10.2018

Angola
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.

Subscribers only Energy 17.07.2018

Angola
Total holds on at Zinia until getting started at Kaombo

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

Subscribers only Energy 19.06.2018

Angola
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 [...]

Subscribers only Energy 05.06.2018

Angola
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.

Subscribers only Energy 05.06.2018

Africa
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.

Subscribers only Energy 22.05.2018

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

Angola
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

Angola
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

Angola
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

Angola
Sonangol settles its accounts with Cobalt

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

Subscribers only Energy 06.03.2018

Angola
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

Angola
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

Angola
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 [...]

Subscribers only Energy 09.01.2018

Angola
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 [...]

Subscribers only Energy 19.12.2017

Angola
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.

Subscribers only Energy 24.10.2017

Angola
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.

Subscribers only Energy 11.07.2017

Spotlight | Africa
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 [.

Subscribers only Energy 27.06.2017

Angola
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.

Subscribers only Energy 14.03.2017

Angola
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.

Subscribers only Energy 28.02.2017

Angola
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.

Subscribers only Energy 29.11.2016

Spotlight | Somalia
From civil war to squabbling over oil

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 [.

Free access Politics 06.07.2012

Spotlight | Angola
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 [.

Subscribers only Energy 31.01.2012

Spotlight | Angola
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 [.

Subscribers only Energy 08.02.2011

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

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Angola Cash-stripped Lourenco gives all to majors

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Set up email notifications for these topics

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

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

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

Angola LNG: why Chevron and Sonangol are dreading 2022

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

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

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

Angola Joao Lourenco keeps eye on Sonangol, Total and Chevron

Angola Total and Chevron's bugbear with local content rules

Angola Fuel shortages: Joao Lourenco cuts in to Sonangol turf

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

Document | Angola Sonangol puts up more family jewels for sale

Angola Oil majors take Angola LNG leadership to task

Spotlight | Angola Sonangol draws up inventory of blocks to peddle to majors

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

Angola After Exxon and Total, Chevron wants its share

Africa The Rokke family's tactics to move Aker into offshore

Angola, DRC Angola LNG pipelines: Chevron makes room for Sonangol

Angola With Total and Chevron, Saturnino wants to bury hydrocarbons agency

Angola Total holds on at Zinia until getting started at Kaombo

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

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

Africa Statoil fresh out of a future on the continent

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

Angola Luanda's gift to Total on block 48

Angola Statoil and ENI circle around Cobalt's blocks

Angola Lourenco calls on Church to secure ENI's operations

Angola Sonangol settles its accounts with Cobalt

Angola How Sonangol supplied Exxon with low cost equipment

Angola Total sees light at end of visa tunnel in Luanda

Angola Joao Lourenco hammers on with reform of oil administration

Angola Carlos Saturnino, Patrick Pouyanne's ace player for Total

Angola Majors invited to have a hand in oil fiscal reform

Angola How Sonangol won its fiscal battle against the majors

Spotlight | Africa American major ExxonMobil wants a finger in every pie

Angola Under pressure Sonangol offers tax concessions

Angola The Dos Santos clan starts to liberalize the oil sector

Angola Isabel dos Santos has trouble licking Sonangol into shape

Spotlight | Somalia From civil war to squabbling over oil

Spotlight | Angola Dos Santos forced to share the cake

Spotlight | Angola Sonangol sees future in pre-salt plays

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Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Angola
Cash-stripped Lourenco gives all to majors

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

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

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

Angola
LNG: why Chevron and Sonangol are dreading 2022

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

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

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

Angola
Joao Lourenco keeps eye on Sonangol, Total and Chevron

Angola
Total and Chevron's bugbear with local content rules

Angola
Fuel shortages: Joao Lourenco cuts in to Sonangol turf

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

Document | Angola
Sonangol puts up more family jewels for sale

Angola
Oil majors take Angola LNG leadership to task

Spotlight | Angola
Sonangol draws up inventory of blocks to peddle to majors

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

Angola
After Exxon and Total, Chevron wants its share

Africa
The Rokke family's tactics to move Aker into offshore

Angola, DRC
Angola LNG pipelines: Chevron makes room for Sonangol

Angola
With Total and Chevron, Saturnino wants to bury hydrocarbons agency

Angola
Total holds on at Zinia until getting started at Kaombo

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

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

Africa
Statoil fresh out of a future on the continent

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

Angola
Luanda's gift to Total on block 48

Angola
Statoil and ENI circle around Cobalt's blocks

Angola
Lourenco calls on Church to secure ENI's operations

Angola
Sonangol settles its accounts with Cobalt

Angola
How Sonangol supplied Exxon with low cost equipment

Angola
Total sees light at end of visa tunnel in Luanda

Angola
Joao Lourenco hammers on with reform of oil administration

Angola
Carlos Saturnino, Patrick Pouyanne's ace player for Total

Angola
Majors invited to have a hand in oil fiscal reform

Angola
How Sonangol won its fiscal battle against the majors

Spotlight | Africa
American major ExxonMobil wants a finger in every pie

Angola
Under pressure Sonangol offers tax concessions

Angola
The Dos Santos clan starts to liberalize the oil sector

Angola
Isabel dos Santos has trouble licking Sonangol into shape

Spotlight | Somalia
From civil war to squabbling over oil

Spotlight | Angola
Dos Santos forced to share the cake

Spotlight | Angola
Sonangol sees future in pre-salt plays