Sonangol Company News
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Angola to Sell Stake in National Oil Company
Tuesday, November 24, 2020The sale is part of a push by Africa's second-biggest oil producer to raise cash and jump-start a moribund economy.
Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources
Monday, October 09, 2017Two sources said the Sinopec assets would be a tough sell.
US Oil Firm Cobalt Files For Arbitration Against Angola For $2B
Friday, May 12, 2017Cobalt 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.
US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets
Monday, April 03, 2017U.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.
Angola's Sonangol Cuts Debt, Output To Slip Without Investment - FT
Tuesday, December 20, 2016Sonangol 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.
Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture
Wednesday, December 07, 2016Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol.
Analyst: Angolan Gas Discovery Has At Least Decade Before it Comes Online
Friday, November 11, 2016The recently announced gas discovery in the offshore Kwanza basin has a number of hurdles to overcome, say oil and gas analysts.
Angola's President Faces Inquiry Over Naming Daughter To Head State Oil Co.
Wednesday, October 26, 2016Angola's Supreme Court asks the country's president to respond to an inquiry on why he appointed his daughter as head of Sonangol.
FMC Wins Subsea Deal for Eni's Block 15/06 West Hub Development off Angola
Wednesday, September 07, 2016FMC Technologies secures subsea contract from Eni for the Block 15/06 West Hub Development Project offshore Angola.
Cobalt International Says Angola Oil Block Stake Sale Terminated
Tuesday, August 23, 2016Cobalt 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.
Twin Crises Expose Angola's Failure To Kick Its Oil Habit
Tuesday, July 05, 2016A 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.
Angola State Oil Firm Finds Gas In Kwanza Basin
Wednesday, June 22, 2016Angolan 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.
Isabel dos Santos Promises Overhaul of Angola's State Oil Firm
Monday, June 06, 2016Isabel 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.
Angolan President Appoints Daughter Head of State Oil Firm
Thursday, June 02, 2016Angolan President Jose Eduardo dos Santos has appointed his daughter as head of state oil firm Sonangol, Angola National State Radio (RNA) reports.
Technip-Sonangol JV Bags Contract from Total for Angola's Offshore Block 17
Thursday, March 10, 2016Technip-Sonangol JV bags engineering services contract from Total for the Block 17 offshore Angola.
Statoil Met Police over Angola Payments, Norway Says
Friday, February 19, 2016Norway's Statoil meets Norwegian police to exchange information about payments made to Angolan state energy firm Sonangol.
Sonangol, Total Deepwater Project To Add 30,000 Bpd To Angola Oil Output
Monday, November 02, 2015Sonangol 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.
Angola: Potential Production Table-Topper?
Friday, September 25, 2015With 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.
Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Monday, August 24, 2015Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.
Angola Requests Bids for 10 Onshore Oil Blocks
Monday, July 20, 2015Sonangol 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.
Total Reaches 2 Billion Barrel Milestone Offshore Angola
Wednesday, May 27, 2015Total 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.
Angola Sees Oil Output Rising 10% This Year to 1.84M Bpd
Friday, March 20, 2015Angola 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.
Angola Hopes To Turn Around Falling Oil, Gas Output
Thursday, February 26, 2015Angola plans to increase its oil production by 20% by next year after suffering a difficult 2014.
Eni Signs Angolan Gas-Development Deal
Monday, November 17, 2014Italy's Eni signs a strategic agreement with Sonangol to co-operate on the development of Angolan gas resources.
Eni Finds 300M Barrels Offshore Angola
Wednesday, September 17, 2014Italy's Eni discovers 300 million barrels of oil at the Ochigufu exploration prospect offshore Angola.
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Thursday, September 04, 2014Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
KCA Deutag Wins $170M Sonangol Rig Contract
Wednesday, July 16, 2014KCA Deutag wins a $170-million rig contract with Sonangol for work offshore Angola.
Statoil Sells Stake In Angola Offshore Block To Sonangol
Monday, May 12, 2014Statoil sells its 5% stake in an ENI-operated block offshore Angola to state oil firm Sonangol.
Cobalt Makes Biggest Oil Find Yet In Kwanza Basin Off Angola
Thursday, May 01, 2014Cobalt 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.
Total Goes Ahead with $16B Angolan Kaombo Oil Project
Monday, April 14, 2014Total decides to go ahead with its Kaombo oil project offshore Angola after lowering its cost by $4 billion to $16 billion.
Angola To Launch Tender For 10 New Onshore Oil Blocks On May 30
Monday, April 14, 2014Angola 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.
Statoil Farms down Angola Pre-Salt Block to Genel
Thursday, April 03, 2014Statoil farms down a 15% interest in pre-salt block 39, offshore Angola, to a joint venture involving Genel Energy.
Total Sells Interest in Angola Block to Sonangol
Tuesday, February 04, 2014Total sells its 15-percent stake in Block 15/06, offshore Angola, to Sonangol.
Angola Navy Says Missing Tanker Located, Crew Faked Pirate Attack
Sunday, January 26, 2014Angola's navy says the crew of an oil tanker that vanished off its coast on Jan. 18 faked a pirate attack.
Sonangol Confirms Tanker Still Missing Off Angola
Friday, January 24, 2014Angola's state oil firm Sonangol confirms that a tanker it chartered has disappeared off the coast of the West African country.
Israeli Billionaire Sells Congo Oil Rights for 300 Times Purchase Price
Thursday, January 23, 2014Israeli 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.
Sonangol May Invest in Vietnamese Oil, Gas Projects
Thursday, August 08, 2013Report says that Angolan oil and gas firm Sonangol may soon start oil exploration and production projects in Vietnam.
Sanctions Force Sonangol to Leave $7.5B Iran Gas Proj.
Friday, February 24, 2012Sonangol 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.
TGS to Begin 3D Survey Offshore Angola
Wednesday, January 18, 2012The Norwegian firm said that entry into the Angolan market fits with its plans for strategic growth.
Eni Deepens Offshore Angolan Presence with Sonangol
Tuesday, December 20, 2011A Production sharing Contract for exploration Block 35 PSC strengthens Eni's presence in Angola and reinforces its commitment to deepwater developments.
Contract for Xikomba FPSO Inked
Wednesday, December 14, 2011SBM 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.
Statoil Awarded Operatorship Offshore Angola
Wednesday, January 26, 2011Sonangol has announced that the Angolan jury of the bid rounds has elected Statoil for operatorship and participation in several pre-salt blocks offshore Angola.
Total OKs Management Transfer of Angola Blocks to Sonangol
Friday, December 24, 2010Total 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.
Lacula Suspends Castanha Appraisal Well
Monday, November 15, 2010Lacula 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
Eni Makes Seventh Oil Find in Block 15/06 Offshore Angola
Tuesday, October 19, 2010Eni and Sonangol announced another important oil discovery at the Mpungi-1 well, offshore Angola.
Eni's Discoveries Set Stage for Block 15/06 Oil Hub
Wednesday, April 07, 2010Eni'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.
Sinopec Enters Deepwater Angola with $2.5B Oil Deal
Monday, March 29, 2010Sinopec agreed to acquire deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec International Ltd. for $2.46 billion.
Plexus to Supply Wellhead Systems Offshore Angola
Thursday, March 11, 2010Plexus Holdings has signed an agreement with Sonangol to supply its POS-GRIP wellhead systems and services for drilling activities offshore Angola.
Cobalt Updates on Blocks 9 and 21, Offshore Angola
Wednesday, February 24, 2010Cobalt has executed Risk Services Agreements for Blocks 9 and 21 offshore Angola with the national oil company Sonangol
Eni Unlocks Black Gold in Deep Angolan Waters
Thursday, February 18, 2010Operator Eni has made two new oil discoveries in Block 15/06, in deep Angolan waters.