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Offshore Angola Contract Could Lead to 32 Wells
The firm portion is worth approximately $131 million.
8:00 PM EST | May 16, 2021
Angola to Sell Stake in National Oil Company
The sale is part of a push by Africa's second-biggest oil producer to raise cash and jump-start a moribund economy.
7:00 PM EST | November 23, 2020
Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources
Two sources said the Sinopec assets would be a tough sell.
8:00 PM EST | October 08, 2017
US Oil Firm Cobalt Files For Arbitration Against Angola For $2B
Cobalt said it had filed requests for arbitration seeking more than $2B from Sonangol after the two failed to reach an agreement on license deadline extensions.
8:00 PM EST | May 11, 2017
US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets
U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets.
8:00 PM EST | April 02, 2017
Angola's Sonangol Cuts Debt, Output To Slip Without Investment - FT
Sonangol would be split into 3 separate units in a bid by Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos, to reshape the oil company, Financial Times reported on Tuesday.
7:00 PM EST | December 19, 2016
Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture
Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol.
7:00 PM EST | December 06, 2016
Analyst: Angolan Gas Discovery Has At Least Decade Before it Comes Online
The recently announced gas discovery in the offshore Kwanza basin has a number of hurdles to overcome, say oil and gas analysts.
7:00 PM EST | November 10, 2016
Angola's President Faces Inquiry Over Naming Daughter To Head State Oil Co.
Angola's Supreme Court asks the country's president to respond to an inquiry on why he appointed his daughter as head of Sonangol.
8:00 PM EST | October 25, 2016
FMC Wins Subsea Deal for Eni's Block 15/06 West Hub Development off Angola
FMC Technologies secures subsea contract from Eni for the Block 15/06 West Hub Development Project offshore Angola.
8:00 PM EST | September 06, 2016
Cobalt International Says Angola Oil Block Stake Sale Terminated
Cobalt International Energy Inc says the proposed $1.75 billion sale of a 40% stake in 2 offshore oil blocks in Angola to the state oil company was terminated.
8:00 PM EST | August 22, 2016
Twin Crises Expose Angola's Failure To Kick Its Oil Habit
A month ago, a 17 ton shipment of bananas left Angola for Portugal in what state media heralded as a "first symbolic batch" in the resurgence of a farming sector wiped out by civil war.
8:00 PM EST | July 04, 2016
Angola State Oil Firm Finds Gas In Kwanza Basin
Angolan state oil company Sonangol has discovered gas reserves in the offshore Kwanza basin that it says could total 813 million barrels of oil equivalent in a block in which BP has a stake.
8:00 PM EST | June 21, 2016
Isabel dos Santos Promises Overhaul of Angola's State Oil Firm
Isabel dos Santos, the billionaire daughter of Angolan President Jose Eduardo dos Santos, pledges an overhaul of Sonangol to improve its efficiency and margins to offset the "huge" impact of depressed oil prices.
8:00 PM EST | June 05, 2016
Angolan President Appoints Daughter Head of State Oil Firm
Angolan President Jose Eduardo dos Santos has appointed his daughter as head of state oil firm Sonangol, Angola National State Radio (RNA) reports.
8:00 PM EST | June 01, 2016
Technip-Sonangol JV Bags Contract from Total for Angola's Offshore Block 17
Technip-Sonangol JV bags engineering services contract from Total for the Block 17 offshore Angola.
7:00 PM EST | March 09, 2016
Statoil Met Police over Angola Payments, Norway Says
Norway's Statoil meets Norwegian police to exchange information about payments made to Angolan state energy firm Sonangol.
7:00 PM EST | February 18, 2016
Sonangol, Total Deepwater Project To Add 30,000 Bpd To Angola Oil Output
Sonangol and a unit of Total will break ground on a new deepwater oil pumping project that will add over 30,000 barrels a day to Angola's oil production.
7:00 PM EST | November 01, 2015
Angola: Potential Production Table-Topper?
With Angola's latest onshore licensing round recently sparking back into life after multiple delays, Rigzone takes a closer look at the intricacies of the project, outlining what the new round could mean.
8:00 PM EST | September 24, 2015
Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.
8:00 PM EST | August 23, 2015
Angola Requests Bids for 10 Onshore Oil Blocks
Sonangol requests prequalified bidders to submit bids for 10 onshore oil blocks, as Africa's second largest crude exporter aims to open up new exploration opportunities.
8:00 PM EST | July 19, 2015
Total Reaches 2 Billion Barrel Milestone Offshore Angola
Total reaches the milestone of producing two billion barrels of oil from its deep offshore Block 17, which is located approximately 90 miles off the coast of Angola.
8:00 PM EST | May 26, 2015
Angola Sees Oil Output Rising 10% This Year to 1.84M Bpd
Angola expects oil output to average 1.84 million barrels per day (bpd) this year, up 10 percent from 1.67 million bpd in 2014, according a revised 2015 budget passed by parliament, the state news agency says.
8:00 PM EST | March 19, 2015
Angola Hopes To Turn Around Falling Oil, Gas Output
Angola plans to increase its oil production by 20% by next year after suffering a difficult 2014.
7:00 PM EST | February 25, 2015
Eni Signs Angolan Gas-Development Deal
Italy's Eni signs a strategic agreement with Sonangol to co-operate on the development of Angolan gas resources.
7:00 PM EST | November 16, 2014
Eni Finds 300M Barrels Offshore Angola
Italy's Eni discovers 300 million barrels of oil at the Ochigufu exploration prospect offshore Angola.
8:00 PM EST | September 16, 2014
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
8:00 PM EST | September 03, 2014
KCA Deutag Wins $170M Sonangol Rig Contract
KCA Deutag wins a $170-million rig contract with Sonangol for work offshore Angola.
8:00 PM EST | July 15, 2014
Statoil Sells Stake In Angola Offshore Block To Sonangol
Statoil sells its 5% stake in an ENI-operated block offshore Angola to state oil firm Sonangol.
8:00 PM EST | May 11, 2014
Cobalt Makes Biggest Oil Find Yet In Kwanza Basin Off Angola
Cobalt discovers significant quantities of oil offshore Angola, Sonangol says, calling the find the biggest so far in the promising pre-salt layer in the Kwanza Basin.
8:00 PM EST | April 30, 2014
Total Goes Ahead with $16B Angolan Kaombo Oil Project
Total decides to go ahead with its Kaombo oil project offshore Angola after lowering its cost by $4 billion to $16 billion.
8:00 PM EST | April 13, 2014
Angola To Launch Tender For 10 New Onshore Oil Blocks On May 30
Angola will start the tender process for onshore oil exploration at 10 new blocks in the Congo Basin and Kwanza Basin on May 30, state oil firm Sonangol says.
8:00 PM EST | April 13, 2014
Statoil Farms down Angola Pre-Salt Block to Genel
Statoil farms down a 15% interest in pre-salt block 39, offshore Angola, to a joint venture involving Genel Energy.
8:00 PM EST | April 02, 2014
Total Sells Interest in Angola Block to Sonangol
Total sells its 15-percent stake in Block 15/06, offshore Angola, to Sonangol.
7:00 PM EST | February 03, 2014
Angola Navy Says Missing Tanker Located, Crew Faked Pirate Attack
Angola's navy says the crew of an oil tanker that vanished off its coast on Jan. 18 faked a pirate attack.
7:00 PM EST | January 25, 2014
Sonangol Confirms Tanker Still Missing Off Angola
Angola's state oil firm Sonangol confirms that a tanker it chartered has disappeared off the coast of the West African country.
7:00 PM EST | January 23, 2014
Israeli Billionaire Sells Congo Oil Rights for 300 Times Purchase Price
Israeli billionaire businessman Dan Gertler sells one of his Congo-based oil companies to the government last year for $150 million - 300 times the amount paid for the oil rights.
7:00 PM EST | January 22, 2014
Sonangol May Invest in Vietnamese Oil, Gas Projects
Report says that Angolan oil and gas firm Sonangol may soon start oil exploration and production projects in Vietnam.
8:00 PM EST | August 07, 2013
Sanctions Force Sonangol to Leave $7.5B Iran Gas Proj.
Sonangol is pulling out of a $7.5B natural-gas project in Iran, said a top executive with the African state-oil giant. This marks the most dramatic example so far of sanctions hitting Iranian ties with Africa.
7:00 PM EST | February 23, 2012
TGS to Begin 3D Survey Offshore Angola
The Norwegian firm said that entry into the Angolan market fits with its plans for strategic growth.
7:00 PM EST | January 17, 2012
Eni Deepens Offshore Angolan Presence with Sonangol
A Production sharing Contract for exploration Block 35 PSC strengthens Eni's presence in Angola and reinforces its commitment to deepwater developments.
7:00 PM EST | December 19, 2011
Contract for Xikomba FPSO Inked
SBM Offshore announced Wednesday that contracts for the twelve year charter and operation of FPSO Xikomba for the block 15/06 development, offshore Angola have been executed.
7:00 PM EST | December 13, 2011
Statoil Awarded Operatorship Offshore Angola
Sonangol has announced that the Angolan jury of the bid rounds has elected Statoil for operatorship and participation in several pre-salt blocks offshore Angola.
7:00 PM EST | January 25, 2011
Total OKs Management Transfer of Angola Blocks to Sonangol
Total has agreed to transfer the management of two Angola marginal blocks to state oil company Sonangol, as the French oil giant focuses its efforts on larger assets in the country.
7:00 PM EST | December 23, 2010
Lacula Suspends Castanha Appraisal Well
Lacula Oil Company, a wholly owned subsidiary of ROC, advises that the Castanha 3 ST-1 appraisal well has been drilled to a total measured depth of 2,525 metres and has been suspended. Castanha-3 ST1 is a sidetrack from the original Castanha-3 wellbo
7:00 PM EST | November 14, 2010
Eni Makes Seventh Oil Find in Block 15/06 Offshore Angola
Eni and Sonangol announced another important oil discovery at the Mpungi-1 well, offshore Angola.
8:00 PM EST | October 18, 2010
Eni's Discoveries Set Stage for Block 15/06 Oil Hub
Eni's two discovery wells have passed production tests with positive results, allowing for the ongoing pre-development phase of the "Western Hub" in Block 15/06 to proceed.
8:00 PM EST | April 06, 2010
Sinopec Enters Deepwater Angola with $2.5B Oil Deal
Sinopec agreed to acquire deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec International Ltd. for $2.46 billion.
8:00 PM EST | March 28, 2010
Plexus to Supply Wellhead Systems Offshore Angola
Plexus Holdings has signed an agreement with Sonangol to supply its POS-GRIP wellhead systems and services for drilling activities offshore Angola.
7:00 PM EST | March 10, 2010
Cobalt Updates on Blocks 9 and 21, Offshore Angola
Cobalt has executed Risk Services Agreements for Blocks 9 and 21 offshore Angola with the national oil company Sonangol
7:00 PM EST | February 23, 2010