Angola: PGS, Sonangol in Kwanza 3D survey offshore

Angola: PGS, Sonangol in Kwanza 3D survey offshore

Norwegian seismic services provider PGS, in cooperation with Angolan state-owned oil company Sonangol, is acquiring a new survey over the shallow-water shelf area of the Kwanza Basin off Angola. Advertisements

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Africa Oil & Gas: Sonangol Out as Angola National Concessionaire

Africa Oil & Gas: Sonangol Out as Angola National Concessionaire

The moves by the Angolan government to replace state-run oil and gas firm Sonangol as the country’s concessionaire have borne fruit. As part of the country’s ongoing petroleum sector reform, President João Lourenco, created, by means of Presidential Decree 49/19, of February 6, 2019, the National Petroleum, Gas and Biofuels Agency (Agência Nacional de Petróleo, Gás e Biocombustíveis, or ANPG).

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Africa Oil & Gas: “Angola’s Sonangol close to major asset sales” – reports

Africa Oil & Gas: “Angola’s Sonangol close to major asset sales” – reports

Sonangol, the national oil company of Angola, is close to sales of assets that should earn it billions of dollars and enable it to reduce its heavy debts and invest more in the oil sector, the engine of Angola’s economy.

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Africa Oil & Gas: Total/Sonangol Retail Joint Venture

Africa Oil & Gas: Total/Sonangol Retail Joint Venture

Total and Sonangol have established a JV company aimed at developing common retail and distribution activity in the country. The Total-Sonangol JV will initially focus on fuel distribution and lubricants sales on the business to consumer (B2C) segment, starting with a network of service-stations under the Total brand.

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Africa Oil & Gas: Daewoo Shipbuilding to deliver two drillships to Sonangol in early 2019

Africa Oil & Gas: Daewoo Shipbuilding to deliver two drillships to Sonangol in early 2019

To remind, Back in 2013 Daewoo secured an order from Sonangol to build two drillships and scheduled the delivery for 2016. However, the Angolan state-owned oil company balked at full payment as its financial situation worsened amid a fall in global oil prices and the drillship were never delivered.

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Africa Oil & Gas: Angola’s finalises strategy to explore and auction off new oil blocks

Africa Oil & Gas: Angola’s finalises strategy to explore and auction off new oil blocks

The Angolan Ministry of Mineral Resources and Oil before the end of the year will finalise the strategy for exploration and auctioning of new oil blocks for the 2019/2023 period, the minister announced on Thursday in the city of Soyo.

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