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ANGOLA

MTI Energy, Brite's Oil, Intank: the newcomer foreign firms in Angolan onshore

Three foreign companies - MTI Energy, Brite's Oil, and Intank - secured stakes in Angolan onshore blocks at the end of September. All of them have strong links with Nigeria. [...] (461 words)

Published on 04/10/2021 at 05:00 GMT Reading time 2 minutes

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Energy

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ANGOLA
Afolabi Oladele
Afren
African Capital Alliance
Angeli Ministerium
Anthonia Ogunmefun
Brite's Oil and Gas
Caxes Energy
Chevron
First Hydrocarbon Nigeria
Intank Group
José Eduardo dos Santos
Linetrale
Mitey Titan Industries Inc
MTI Energy
Nigerian Access Bank
Nigerian National Petroleum Corp
PetroSA
Ralph Lean
Rein Capital
Schlumberger
Shibah Energy
Somoil
Tab Khehra
Tunde Laniyan
Vitol
Wale Olorunsola

MPLA chum Somoil juggles projects and departures

The junior oil company founded by dos Santos-era heavyweights has several balls up in the air while dealing with key managerial changes.

ANGOLA Energy 19/07/2022

Mysterious firm Quantum Digital Technologies helping Luanda sell its offshore blocks

The Angolan regulatory agency has increased the budget for promoting its tender for offshore blocks. The consultancy firm hired for the task is chaired by Tunde Laniyan, a Nigerian businessman with a strong network in Angola and with a presence in onshore exploration through another of his companies.

ANGOLA Energy 30/05/2022

Luanda targets small investors as majors lose interest

With Angola's national oil output in steadily decline and threatening to fall below one million bpd, the government is changing tactic. All too aware that the industry leaders are no longer interested in its fields, the country has shifted its focus onto junior firms.

ANGOLA Energy 04/01/2022

Angola banks on TotalEnergies and ENI to avoid falling below 1m bpd mark

The government is pampering the operators still active in the country in a bid to avoid a rapid decline in production.

ANGOLA Energy 14/10/2021

Somoil tries to elbow its way on TotalEnergies sale of block 14 assets

The French major TotalEnergies is reducing its exposure on permits that it is not operating itself, but it is struggling to finalise their sale as the Angolan state tries to impose its own favoured buyers.

ANGOLA DRC Energy 29/09/2021

Angola fobs off one DRC oil minister after another on disputed offshore oil blocks

Angola and the DRC are in dispute over three offshore oil blocks. Angola's has not changed its approach to the problem, however. It has absolutely no intention of sharing them.

The new Congolese oil minister Didier Budimbu (left) met with Angolan oil minister Diamantino Azevedo in Luanda on 26 September 2021.

ANGOLA Energy 27/07/2021

Faced with a shortage of bids, Lourenço is forced to deal with dos Santos-era executives

Angolan companies with sufficient funds to develop blocks remain few and far between. As such the Angolan administration must make do with bids from firms with strong ties to the former regime.

ANGOLA Energy 23/07/2021

Former Iraqi general Georges Sada looks to Lourenço, Biya and Tshisekedi for oil contracts

The former Iraqi general has now turned to the oil industry and is eyeing markets in Angola, the DRC and Cameroon with the help of a local consultancy.

ANGOLA Energy 06/07/2021

BP staff prepare for forced exit ahead of ENI merger

As the two firms are about to set up a joint entity in Angola, employees of the British major expect to be laid off with no hope of a transfer.

ANGOLA Energy 30/06/2021

Chevron, GE and John Deere take lead in moving US interests post-oil

As Angola faces the structural decline of its oil production, US companies are planning for the country's inevitable diversification. The US Chamber of Commerce has set up a platform for firms to work together to find investment opportunities for the future.

ANGOLA Energy 12/01/2016

Government cronies and newcomers in offshore grab

In its bidding round concerning the Congo and Kwanza basins, Sonangol clearly preferred to hand acreage to pals of the [...]

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ANGOLA
Afolabi Oladele
Afren
African Capital Alliance
Angeli Ministerium
Anthonia Ogunmefun
Brite's Oil and Gas
Caxes Energy
Chevron
First Hydrocarbon Nigeria
Intank Group
José Eduardo dos Santos
Linetrale
Mitey Titan Industries Inc
MTI Energy
Nigerian Access Bank
Nigerian National Petroleum Corp
PetroSA
Ralph Lean
Rein Capital
Schlumberger
Shibah Energy
Somoil
Tab Khehra
Tunde Laniyan
Vitol
Wale Olorunsola

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MTI Energy, Brite's Oil, Intank: the newcomer foreign firms in Angolan onshore

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

2 options offered to continue reading

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Set up email notifications for these topics

MPLA chum Somoil juggles projects and departures

Mysterious firm Quantum Digital Technologies helping Luanda sell its offshore blocks

Luanda targets small investors as majors lose interest

Angola banks on TotalEnergies and ENI to avoid falling below 1m bpd mark

Somoil tries to elbow its way on TotalEnergies sale of block 14 assets

Angola fobs off one DRC oil minister after another on disputed offshore oil blocks

Faced with a shortage of bids, Lourenço is forced to deal with dos Santos-era executives

Former Iraqi general Georges Sada looks to Lourenço, Biya and Tshisekedi for oil contracts

BP staff prepare for forced exit ahead of ENI merger

Chevron, GE and John Deere take lead in moving US interests post-oil

Government cronies and newcomers in offshore grab

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MTI Energy, Brite's Oil, Intank: the newcomer foreign firms in Angolan onshore

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

MPLA chum Somoil juggles projects and departures

Mysterious firm Quantum Digital Technologies helping Luanda sell its offshore blocks

Luanda targets small investors as majors lose interest

Angola banks on TotalEnergies and ENI to avoid falling below 1m bpd mark

Somoil tries to elbow its way on TotalEnergies sale of block 14 assets

Angola fobs off one DRC oil minister after another on disputed offshore oil blocks

Faced with a shortage of bids, Lourenço is forced to deal with dos Santos-era executives

Former Iraqi general Georges Sada looks to Lourenço, Biya and Tshisekedi for oil contracts

BP staff prepare for forced exit ahead of ENI merger

Chevron, GE and John Deere take lead in moving US interests post-oil

Government cronies and newcomers in offshore grab

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: