Le ministère angolais des finances, dirigé par Vera Daves, vient de sélectionner Deloitte & Touche, filiale locale du cabinet de conseil Deloitte, pour réaliser l'audit des comptes des sociétés pétrolières pour les années 2021-2022.
Negotiations to merge the activities of ENI and BP in Angola have just been concluded with the creation of a joint venture between the two majors. The deal involved a host of international law firms.
The planned merger between BP and ENI has put Total under pressure but the French major, which has been Angola's leading producer since 2013, does not intend to give up its position easily.
ExxonMobil's exploration ambitions in Africa have been curtailed by disastrous results in 2020, but the company is maintaining its planned investments in Angolan offshore.
The development of BP's Pala, Ástrea and Juno fields at Block 31, which are seen as the assets most likely to yield an increase in its Angolan output, will not be on the cards until early 2022.
Two years ago, the Ivorian oil ministry embarked upon the drafting of a text to provide for the participation of Ivorian companies in hydrocarbon projects in the country. The draft bill is finally ready, but several international oil companies have deserted Ivory Coast in the interim.
European drilling and geophysical services companies are seeing their activities shrink drastically under the impact of the economic crisis and Chinese competition, particularly in the onshore seismic segment. Several of them are even close to bankruptcy.
The state-owned Qatari oil company will over the next few months partner with Western majors in the drilling of wells in Angola, Namibia, and Mozambique which currently figure among Africa's best prospects for major new oil finds.
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.
To help win a contract to assess opportunities in Angola's oil sector, the Scottish consultancy Belltree has turned to the well-connected businessman Bráulio de Brito, president of the UK-Angola Chamber of Commerce.
British major BP has been granted a five-year extension of its contract on the Greater Plutonio field (block 18), which had been due to expire in in 2027.
Ernest Monimambo, a former TAAG national airline board member and oil and gas entrepreneur, is taking his first steps in the mining sector. He has joined forces with the deposed deputy director of Luó diamond mine to create Emza Mining.
The Qatari specialist in transportation between offshore oil rigs and onshore bases, Gulf Helicopters, has been investing in all of the same countries as its former owner, the state-run Qatar Petroleum.
The British oil major is looking to drastically reduce its investment in field development and exploration in Africa. Here are our revelations.
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.
The joint venture Angola LNG, which manages the LNG facility in Soyo, is somewhat down in the dumps. The firm, [...]
The new 14% value added tax (VAT) that took effect in Angola on October 1 will not apply to the gas sector.
The Angolan ministry of petrol, headed by Diamantino Azevedo, is still in the thick of talks with the oil and [...]
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 [.
After watching ExxonMobil and Total make various upstream and distribution investments in Angola over the past months (AEI 825), American [...]
With his back against the wall as he attempts to address the mountain of arrears Sonangol owes its oil partners, [...]
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.
The decade-long legal wrangle between Sonangol and the oil majors has finally come to an end.
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 [.