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Spotlight | Angola, Nigeria
How Shell tucked in behind Somoil for Angolan comeback

To cover the missing funds for the development of its block 2/05, Somoil, an Angolan junior oil company founded during Eduardo Dos Santos's era by the former vice president Manuel Vicente and minister of petroleum at the time Desiderio da [...]

Published on 24/09/2019 at 03:30 GMT Reading time 3 minutes

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Angola
Somoil consolidates position at TotalEnergies offshore block 17/06

Acrep Bloco 17, which has a 5% stake in block 17/06, was recently renamed Somoil Bloco 17/06 to reflect a change in its shareholder structure. Somoil now holds a 15% stake in this asset, and its first project should enter into production in 2024.

Subscribers only Energy 09.12.2022

Angola
Sonangol struggles to find takers for its mega sell-off over a year on

When it launched its divestment programme last year, the national oil company was hoping to withdraw, at least in part, from eight blocks. Nearly 18 months later, there has been no interest at all for two of these.

Subscribers only Energy 14.11.2022

Angola, Namibia
Namcor leads in race for one of cash-strapped Sonangol's prize assets

Boosted by recent successes on its home market, state-owned oil Namibian oil company Namcor is looking to expand into Angola with backing from two partners. It is hoping to take advantage of the financial difficulties currently being experienced by Sonangol, which is having to sell off some of its prize assets, including block 15/06.

Subscribers only Energy 20.04.2022

Angola
Amni pulls out of Espadarte financing deal with Somoil

Somoil's hopes of having Amni finance part of the development of the Espadarte oil and gas field on Angolan block 2/05 have been dashed.

Subscribers only Energy 04.06.2021

Angola, Switzerland
Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Clara Poglia, the lawyer who will represent Angolan insurance magnate Carlos de Sao Vicente before the Swiss courts, has already taken part in several big oil industry cases, including those arising from Brazil's big Lava Jato anti-corruption operation and Gunvor's activities in Congo and Ivory Coast.

Subscribers only Energy 04.09.2020

Partner in Switzerland's Schellenberg Wittmer law firm Clara Poglia.

Inner circles | Angola
New generation businessman Agostinho Kapaia steps into the limelight

Agostinho Kapaia has succeeded in rising through the ranks in the Angola business world thanks to his connections in the MPLA and the influence of his oligarch uncle António Mosquito.

Subscribers only Business 14.07.2020

Spotlight | Angola
Dos Santos era throwback Somoil changes boss again to steady ship

The best-connected junior in Angola has been struggling to retain a stable management team and has turned to Edson dos Santos Sousa, formerly of Sonangol and ExxonMobil, to restore some order.

Subscribers only Energy 12.06.2020

Angolan junior Somoil, whose new CEO is Edson dos Santos Sousa, was founded by former chairmen of Sonangol.

Angola
Who is Manuel Vicente's trio at the helm of Somoil?

The all-powerful former Sonangol chairman Manuel Vicente has placed his troops within the executive board at Somoil, the junior he [...]

Subscribers only Energy 18.02.2020

Angola
Block 2/05: Amni hesitates, Somoil courted by trading giant

The Nigerian firm's position as Somoil's main partner on the block is looking shaky and could slip from its hands while another big player is ready pounce.

Subscribers only Energy 18.02.2020

Angola
Threat worsens for Somoil under Lourenço's watch

The junior in vogue during José Eduardo Dos Santos' era is well aware that the new regime will be not be as lenient.

Subscribers only Energy 21.01.2020

Angola
Lourenço stages his fight against Dos Santos children

It looks like 2020 will see a spectacular series of offensives against the ex-president's family, though José Eduardo dos Santos himself and his former associates are being spared for now.

Subscribers only Politics 08.01.2020

Angola
Block 2/05: Somoil's Nelson Pacavira antagonised by Amni's delays

Another meeting between Shell's trading arm, Amni International and Somoil on December 16 did little to ease the Nigerian junior's [...]

Subscribers only Energy 07.01.2020

Nigeria
Divestment: ExxonMobil's double-dealing

For the past few weeks, the American supermajor ExxonMobil has been negotiating two parallel deals with Nigerian firms.

Subscribers only Energy 03.12.2019

Angola
Somoil: Amni still hesitating to develop Espadarte

The Nigerian junior is dragging its feet about signing a final agreement with the most connected of Angolan firms.

Subscribers only Energy 19.11.2019

Angola
Grupo Vernon, the firm with the address book for Baker Hughes' ambitions

American oil firm Baker Hughes, an offshoot of the General Electric galaxy, will be able to call on the help [...]

Subscribers only Energy 22.10.2019

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

Spotlight | Angola, Nigeria
How Shell tucked in behind Somoil for Angolan comeback

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Related topics to this article

Angola
Somoil consolidates position at TotalEnergies offshore block 17/06

Angola
Sonangol struggles to find takers for its mega sell-off over a year on

Angola, Namibia
Namcor leads in race for one of cash-strapped Sonangol's prize assets

Angola
Amni pulls out of Espadarte financing deal with Somoil

Angola, Switzerland
Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Inner circles | Angola
New generation businessman Agostinho Kapaia steps into the limelight

Spotlight | Angola
Dos Santos era throwback Somoil changes boss again to steady ship

Angola
Who is Manuel Vicente's trio at the helm of Somoil?

Angola
Block 2/05: Amni hesitates, Somoil courted by trading giant

Angola
Threat worsens for Somoil under Lourenço's watch

Angola
Lourenço stages his fight against Dos Santos children

Angola
Block 2/05: Somoil's Nelson Pacavira antagonised by Amni's delays

Nigeria
Divestment: ExxonMobil's double-dealing

Angola
Somoil: Amni still hesitating to develop Espadarte

Angola
Grupo Vernon, the firm with the address book for Baker Hughes' ambitions

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

Angola
Who are the former Elf execs pampering Somoil in Geneva?

Angola
Somoil recruits senior staff and seeks out partners for 2/05 block

Angola
Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

Angola
Block 2/05 partly swallows 2/85

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

Angola
Government cronies and newcomers in offshore grab

Spotlight | Angola
Ghost local partners for majors

Related topics to this article

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Andry Rajoelina

African Development Bank

Paul Biya

Erik Prince

AFRICOM

Spotlight | Angola, Nigeria How Shell tucked in behind Somoil for Angolan comeback

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Create your free account

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Related topics to this article

Angola Somoil consolidates position at TotalEnergies offshore block 17/06

Angola Sonangol struggles to find takers for its mega sell-off over a year on

Angola, Namibia Namcor leads in race for one of cash-strapped Sonangol's prize assets

Angola Amni pulls out of Espadarte financing deal with Somoil

Angola, Switzerland Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Inner circles | Angola New generation businessman Agostinho Kapaia steps into the limelight

Spotlight | Angola Dos Santos era throwback Somoil changes boss again to steady ship

Angola Who is Manuel Vicente's trio at the helm of Somoil?

Angola Block 2/05: Amni hesitates, Somoil courted by trading giant

Angola Threat worsens for Somoil under Lourenço's watch

Angola Lourenço stages his fight against Dos Santos children

Angola Block 2/05: Somoil's Nelson Pacavira antagonised by Amni's delays

Nigeria Divestment: ExxonMobil's double-dealing

Angola Somoil: Amni still hesitating to develop Espadarte

Angola Grupo Vernon, the firm with the address book for Baker Hughes' ambitions

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

Angola Who are the former Elf execs pampering Somoil in Geneva?

Angola Somoil recruits senior staff and seeks out partners for 2/05 block

Angola Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

Angola Block 2/05 partly swallows 2/85

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

Angola Government cronies and newcomers in offshore grab

Spotlight | Angola Ghost local partners for majors

Related topics to this article

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight | Angola, Nigeria
How Shell tucked in behind Somoil for Angolan comeback

Angola
Somoil consolidates position at TotalEnergies offshore block 17/06

Angola
Sonangol struggles to find takers for its mega sell-off over a year on

Angola, Namibia
Namcor leads in race for one of cash-strapped Sonangol's prize assets

Angola
Amni pulls out of Espadarte financing deal with Somoil

Angola, Switzerland
Experienced oil litigation lawyer to defend top Angolan businessman Carlos de Sao Vicente in Switzerland

Inner circles | Angola
New generation businessman Agostinho Kapaia steps into the limelight

Spotlight | Angola
Dos Santos era throwback Somoil changes boss again to steady ship

Angola
Who is Manuel Vicente's trio at the helm of Somoil?

Angola
Block 2/05: Amni hesitates, Somoil courted by trading giant

Angola
Threat worsens for Somoil under Lourenço's watch

Angola
Lourenço stages his fight against Dos Santos children

Angola
Block 2/05: Somoil's Nelson Pacavira antagonised by Amni's delays

Nigeria
Divestment: ExxonMobil's double-dealing

Angola
Somoil: Amni still hesitating to develop Espadarte

Angola
Grupo Vernon, the firm with the address book for Baker Hughes' ambitions

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

Angola
Who are the former Elf execs pampering Somoil in Geneva?

Angola
Somoil recruits senior staff and seeks out partners for 2/05 block

Angola
Saturnino and Azevedo, Lourenco's new oil bosses with Isabel Dos Santos out of picture

Angola
Block 2/05 partly swallows 2/85

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

Angola
Government cronies and newcomers in offshore grab

Spotlight | Angola
Ghost local partners for majors